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"Dow surges on news that Paulson is going to backstop the entire financial sector"

you are the media you consume.

by MillMan (millguy at gmail) on Thu Sep 18th, 2008 at 03:40:17 PM EST
[ Parent ]
And that means WHAT exactly?  How soon can we in the US expect     HYPERINFLATION   ?!!!

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 18th, 2008 at 03:48:15 PM EST
[ Parent ]
see here.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Sep 18th, 2008 at 04:03:06 PM EST
[ Parent ]

... would allow banks to shovel bad debt off their balance sheets and send them back to business as usual.

there is something VERY WRONG here!

"So your house almost completely burned down because of all of those oily rags in your garage?  Well, the fire dept. put the blaze out, so go back to business as usual."   What?  !!!!

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Thu Sep 18th, 2008 at 04:13:31 PM EST
[ Parent ]
As long as that means people don't get foreclosed on their houses...

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 18th, 2008 at 04:19:39 PM EST
[ Parent ]
Can I haz optimismz?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Sep 18th, 2008 at 05:07:55 PM EST
[ Parent ]
Surely you mean that as snark?

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 05:13:54 PM EST
[ Parent ]
I don't know, but HYPERVENTILATION has started already.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 18th, 2008 at 04:18:41 PM EST
[ Parent ]
As long as I can buy 10 lbs (4-5 kilos for you Eurofolks) of potatoes for $5 American, hyper hasn't hit yet.  Wait until the grocery store is boarded up ... HELLO!

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 18th, 2008 at 04:25:00 PM EST
[ Parent ]
Perfect.  They're going to socialize the entire mess.

Maybe Grandpa Keating can bring his buddy Keating back for an encore.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 04:35:24 PM EST
[ Parent ]
Great comment from a reader at the WaPo:

Is anyone other than me feeling really good about the economy today? I mean, here I was yesterday struggling to make my next mortgage payment, and now I'm the part-owner of the largest insurance company in the US...and rumors that I may even become a part owner of a few banks next week.

As they say, only in America. Now I understand what the Republicans mean when they talk about "trickle down."

Indeed.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 04:41:56 PM EST
[ Parent ]
Well what with each American giving the banking industry $1000, I'd say it puts you all in a considerably different position, the next time the bank manager calls you in to discuss the fact that your account is overdrawn.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 18th, 2008 at 04:48:20 PM EST
[ Parent ]
True.  "I'll pay the credit card when I frakking feel like it, assholes.  You owe me more than I owe you."

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 04:58:40 PM EST
[ Parent ]
And, for that matter, the "Ownership Society"
by Zwackus on Thu Sep 18th, 2008 at 05:31:04 PM EST
[ Parent ]
Or "Pwn3rship Society," as Mig has called it.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 05:48:33 PM EST
[ Parent ]
I copied that from the comments to a blog post somewhere else.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 18th, 2008 at 06:06:32 PM EST
[ Parent ]
Damn it, Mig.  I can't remember what I was doing ten minutes ago, and you want me to remember that? ;)

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Sep 18th, 2008 at 06:15:36 PM EST
[ Parent ]

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