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Posts Tagged ‘bear stearns’

Michele Bachmann Says Comical Thing About Economy

Thursday, September 18th, 2008

Staunch conservative baby harvester Rep. Michele Bachmann sez: “First we were told that Bear Stearns was too big to fail, then we were told that Freddie/Fannie were too big to fail, then we were told that AIG was too big to fail. What’s next, Starbucks too big to fail?” Ha ha ha, oh heavens, we think that might be a slap at the dreaded Liberals! Bachmann, as always, has hit upon something brilliant here that could carry the Republicans into landslide victories this fall: The government is flooding the economy with cash, ergo the Democrats must be behind this, and they will continue to bail out their “San Francisco values” companies if you elect them. “What’s next, STARBUCKS?” Marvelous. [ABC News]


Pathetic Dollar Means All Cocaine Goes To Europe!

Friday, April 11th, 2008

In some terrible news for full-time bloggers, the amount of cocaine being trafficked into the United States from our “southwestern” borders is sharply declining, if lower government seizures are any indication (not like “ha ha that guy’s freaking out”-style seizures, but actual seizures of cocaine. Same thing?) John Walters, the U.S. DRUG CZAR, also says that the purity and and price of cocaine has fallen in our fair country as well. This probably is why Bear Stearns was too lazy to save itself, and also why it took insane risks in previous years when cocaine was still good. So now all the cocaine is going to Europe, where they have a very strong currency. Now they can make crazy loans too! [BBC] MORE »


Everyone’s A Whore

Friday, March 21st, 2008

Are you tired of looking at pictures of prostitutes? Ha ha, liar! America’s political cartoonists have determined that hookers are an “In” visual icon these days, and, being shameless, have no shame about transforming many aspects of our beloved nation into whores for polemical purposes. Find out which abstract concepts you’d pay to fuck, after the jump. MORE »


Alan Greenspan: Craaaazy Economy, No?

Monday, March 17th, 2008

This weekend, as our frozen credit markets and subprime space aliens took investment bank Bear Stearns — the fifth largest in the country — down, down, down into the ground, former Federal Reserve chairman Alan Greenspan wrote an article that saved the American economy. Hurrah! Regarding the moral hazard of huge companies taking inappropriate risks because the Fed will rescue their broke asses when it hits the fan (”they’re too big to fall!”), kindly old hobbit-sage Alan Greenspan offers these soothing words: who knew!? MORE »