Re: As the choppers hover outside my window
 

Huh?

I think you are thinking about the people who used to buy and breakup old-industry companies and "reengineer" them - the Mitt Romney's of the world.

I'm thinking about the companies that started with 3 people in a garage and are now thousands globally that make up the core of the Mass. and California economies. They hire lots of people.

The Mitt Romneys of the world pretty much finished dismantling industrial America a while ago, as you can tell from Bain Capital having moved re-engineered itself and moved most of its business into other lines. I'll bet you feel deeply for all the severed buy-out specialists who were terminated.

Also, what Sidd Said.

Re: Is Ted Cruz Satan? Discuss.
 

You did. I thought it went well. The vote to ban you did not pass (Hank and I voted for, everyone else against), but we passed a resolution declaring that sometimes you are mean. We also passed a resolution supporting taking the $100 bill out of circulation, which we will send to the Federal Reserve under Sebastian's name.

Re: As the choppers hover outside my window
 

As Hank well knows, and SEC Chick too, everyone here is actually pretty tolerant of views we consider idiotic. We're just not real quiet about those views.

I look forward to what you have to say on UBS (and Chase, which I've paid almost no attention to -- I pay attention to UBS in part because I have some Swiss UBS friends who avoided entering the country for several years -- they absolutely despite Hillary). I hope you look forward to my entirely sensible ridicule of whatever you say.

Re: Is Ted Cruz Satan? Discuss.
 

You guys are getting things done. No motions to tax hedge funds assholes introduced?

TM

Re: Is Ted Cruz Satan? Discuss.
 

I made a motion to tax assholes, period, but Hank shot it down.

Re: Is Ted Cruz Satan? Discuss.
 

You are not a mod{sad face}. You asked me to make the motion. I brought two copies. flower shat on one and covered it up with the other.

Re: Is Ted Cruz Satan? Discuss.
 

Flower tried to explain it, but unfortunately Wonk isn't a mod, so I don't think we fully grasped the need for it.

Re: As the choppers hover outside my window
 

Whew. Good to know I was thinking of someone else.

Re: Is Ted Cruz Satan? Discuss.
 

Just some earthy funk for Friday's Daily Dose. The Soul Lifter's "Hot, Funky, and Sweaty." I know nothing about the Soul Lifters other than they have a song called "Hot, Funky, and Sweaty." All good, as far as I am concerned.

https://www.youtube.com/watch?v=--dFmaPG98c

Re: As the choppers hover outside my window
 

We all still love you. Some of us just think you are very wrong, and this has always been a place where you can say that to someone in a direct, frequently blunt, sometimes caustic, occasionally homicidal-thought-inducing, way.

It's like a "safe space," but without the milk-and-cookies.

Re: As the choppers hover outside my window
 

Beyond the general run, even in Glass-Steagall Land, don't the commercial banks all hold a lot of I-bank commercial paper and the like that's going to hit them pretty hard directly?

Re: As the choppers hover outside my window
 

Read this: http://content.time.com/time/busines...723152,00.html

Commercial banks pre-Glass Steagall may have purchased some protection through a credit default swap for positions they held on traditional assets, but they wouldn't have been offering them as insurers and making them part of their business and fucking holding them to collect the premiums.* The multiples upon multiples of bets taken is what made the impact of the CDO failures so much bigger than it should have been.

TM

*Hell, they wouldn't have acted as insured (purchasers of the swaps) either given their business model--except for maybe as actual insurance on a traditional asset. That's part of why Wonk isn't entirely wrong and why I said before that when I-banks took over the consumer banks after mergers, the people running these banks came from the big money, speculation side, not the consumer banking side. Risk, risk, risk. The opposite of what a consumer bank should be doing.

Hi
 

I'm Negan.

http://1428elm.com/files/2015/03/Negan_Lucille.jpg

Re: Is Ted Cruz Satan? Discuss.
 

Daily posts that all look/sound the same get more views if there are titties involved, or so NotBob told me:P:cool:

Re: Is Ted Cruz Satan? Discuss.
 

So, this is what I think Wonk was getting at - http://theweek.com/articles/615382/h...litany-scandal . And I get y'alls point - we should pull the lever for Mussolini.