Wonkette
- The collapse of pretty much every commercial bank in America means both Barack Obama and John McCain have to talk a lot more about the economy. This is mostly bad for McCain. [Wall Street Journal]
- John McCain calls sternly for a 9/11-style Commission to investigate what led to this crisis. Should we be alarmed that the Republican Party’s presidential candidate seems to have no idea how this problem happened? [ABC News]
- The head of Lehman was just like a simpleton homeowner: when it came time to sell his property, he wanted more for it than it was worth. [New York Times]
- AIG, you’re on notice! [Washington Post]
- Hank Paulson tells Washington, “Sorry people I’m new here. What just happened?” [Politico]
- And now central banks in Europe have opened up the floodgates and are dumping money into their own markets, hoping to forestall any disasters on their own shores. [Financial TImes]
- The new Obama ad accusing John McCain of being a lying bastard appears to have gotten some press traction. [Boston Globe, Washington Post]
Yes, lets investigate so we can find the next Keating Five…you know who those guys were, right John?
The only thing McSame and Paladin are going to change is who gets the set aside contracts, which cronies get the sweet jobs and which lobbyists get access…AAAANNNNNND…which country we will attack next.
Wait…you mean buying a house wont make me rich?
“The floggings will continue until morale improves.”
(who came up with that line?)
Who would have thought a few years ago that today Napster would be worth more than Lehman Brothers?
>>John McCain calls sternly for a 9/11-style Commission to blame Clinton.
Fixed.
Less taxes and more war!
…and then the United States will fall into the hands of our Chinese overlords and we will be forced to wake up at dawn, put on our triangle hats, and work in the rice fields. The End.
I am soooo moving to Australia.
Hey, look!
It’s Jeb Bush!
http://www.reuters.com/article/fundsFundsNews/idUSN3046902620070830
Of course WALNUTS! has no idea how this happened. He’s such a maverick, he doesn’t even pay attention to his party. Of course, he could look it up on the InterTubes…
Yes, let’s have a 9/11-style commission & then when they release their findings & suggestions to fix, totally ignore them. Just like we did with the 9/11 Commission.
JACKSONVILLE, Fla. - John McCain thanked Floridians yesterday for looking after his first wife and children when he was in a Hanoi prison, acknowledging a woman rarely mentioned in his Republican presidential campaign.
“I hope you know that in the years I was away in prison, the people of Orange Park, Fla., took care of my wife and family,” he told a crowd of several thousand, referring to Carol McCain and their three children.
McCain went on to say: “I’m sorry that you bothered. I was in the mood to trade up when I got back. Hey, after FIVE AND A HALF YEARS in a prison camp, you would be looking for a better class of poon too.”
Delicious:
Heh. Only lasted, three weeks on the job?
Walnuts calling for a 9/11 commission? Wait till he finds out that good buddy and economic gnu Phil Gramm had a hand in it.
the trickledowm bowl floweth over.
Now that I’ve lost all my money I can’t afford that new cereal you’ve been advertising: Osman’s half-bran Muesli. Made by that guy in Florida.
Delicious: He works faster than his brother!
supremecourtjester: Who would have thought a few years ago that, today, my toenail clippings would be worth more than Lehman Brothers?
wash post (glassman) author’s book, “dow 36000″, now selling at amazon for 60 cents. lol.
This bad news for John McCain…should prove good for John McCain!
We should always look on the bright side. For the cold, hard winter ahead, we have, this election season, an unusually large number of nuts to squirrel away.
Official McCain/Palin Response: Start Hoarding Lipstick.
Canmon (the Inadequate):
From Miami Herald, yesterday, reporting on McCain visit to Florida:
Sitting behind McCain was former Gov. Jeb Bush, who was hired a year ago by Lehman Brothers as a financial consultant. As governor, Bush served on the three-member State Board of Administration that agreed to let the state’s retirement fund buy a series of mortgage-backed securities from Lehman Brothers that turned out to be troubled. The subsequent steep drop in value prompted a $9 billion run on the fund last December by local governments who had invested their money in the SBA managed fund. Lehman also manages two funds for the SBA, which is also heavily invested in some Lehman securities.
Bush spoke to the crowd and offered three reasons why they should elect McCain to replace his brother in office: McCain’s ”zeal for reform,” he “won’t coddle dictators and McCain “has been tested.”
”Who knows what will come in the next eight years,” Bush said. “But I want someone who is president of the United States whose compass points north.”
Bush refused to make himself available to reporters.
John McCain = Liar? Bastard? Not a Maverick?
Are you sure we’re talking about the same guy?
*sigh* It’s a good day to live in a small, earthen burrow.
Delicious:
A pirate?
Delicious: Ahhh…the Bush Golden Touch ™.
The Bush family hasn’t run a business successfully since they did business with Hitler.
Jeb knows that his shot at being President is over. He will probably beat W to a pulp when chimpy makes a snide remark about how great it was to be President at the Christmas table in 2010.
if you invested with reagan in 1980 you have to date made about 10% per annum on your money and look where he is today.
bush encouraged me yesterday to get more investment advice from the cartboy at giant.
Delicious: I dun get it - is he afraid of Barack’s big black compass?
John JEB Bush.
He’s the man, the man with the loser touch.
His brother’s touch.
Such a cold finger.
Beckons you to enter his fund of suck
But don’t send bucks.
Golden words he will pour in your ear,
But his lies can’t disguise what you fear,
Bet a golden bar that the funds he’s pushing,
Are just fiscal death from
Mister John JEB Bush.
Investors beware of his choice of funds
JEB’s just a tool.
Golden words he will pour in your ear,
But his lies can’t disguise what you fear,
Bet a golden bar that the funds he’s pushing,
Are just fiscal death from
Mister John JEB Bush.
Investors beware of his choice of funds
JEB’s just a tool.
He takes gold from fools,
Only gold.
He’s fools gold.
He takes gold from fools,
Fools gold.
He’s fools gold.
It’s not really possible to call McCain a liar too much: http://www.entertonement.com/clips/25909/Barack-Obama/Barack-Obama-Campaign-Ad/Dishonorable-Ad/Sleaziest-ads-ever
Ah, I see. He wants to form another commission so he can ignore it, just like the 9-11 commission.
“McCain was going to fix all that. He was going to look the American people in the eyes and say, not me. I will not lie to you. I am John McCain, son and grandson of admirals. I tell the truth.
But Joy Behar knew better. And so McCain lied about his lying and maybe thinks that if he wins the election, he can — as he did in South Carolina — renounce who he was and what he did and resume his old persona. It won’t work. Karl Marx got one thing right — what he said about history repeating itself. Once is tragedy, a second time is farce. John McCain is both.”
Richard Cohen, who admists he USED to be in the tank for McCain.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/15/AR2008091502406.html
I’m glad that my spouse and I decided to stay in the same house for 20 years, pay it off early and fix it up how we like it, as we watch people younger than ourselves, who bought McMansions on interest only mortgages because they had to impress their friends and family, bitch and moan about the declining value of their homes. That’s what happens when you get greedy.
Good thing this financial meltdown is happening; there’s no mention at all of FEMA’s continued fuckups.
Man, don’t you guys wish we had put all of social security into private investment accounts?
That would have been sweeeeeeeeeeeet.
NotNotLickingToads: I too wait for the inevitable revelation of how this is actually GOOD news for McPain/Failin, who will somehow ride this disaster to even stronger poll showings. In the bizarro world we now live in, the things that should sink the Republican ticket — the worst sidekick choice since Jesus decided that Judas guy seemed fun to hang around with ; the tanking of the Republican-enabled big banks; the interviews with both GOP candidates that demonstrate they know less than nothing about anything of any importance to americans — all these things are somehow big WIN.
They want to appoint a 9/11, Earl Warren style commission to investigate this at great length and expense, and find somebody to blame, other than themselves, of course.
9/11 was fucking too an inside job.
Whiskeybaby: I think it’ll work for McCain because he became an expert in financial institutions while a POW for 5 1/2 years
Hooray For Anything: Ah yes, it’s all clear now!
Here’s the best news. Our brainiac regulators have now decided that since the Investment Banks no longer have the collateral to borrow their daily cash flow needs, they can go ahead and tear down the firewall with the Saving and Loan Bank brothers and borrow against your savings without collateral.
This is all fine because all of your savings accounts are FDIC insured, which has something to do with taxpayers or something.
… and its not like this was the very scenario that lead to 50% of the Savings and Loans going belly up during the Great Depression, or anything.