DF's picture

    Fixing Finance

    So, I've gotten kind of impatient with waiting for Geithner or Bernanke or someone to explain exactly what they're going to do with the banking system.  I know that nationalization is way too scary to contemplate, despite the fact that the process the word actually refers to in this context has been ongoing with smaller banks and doesn't represent anything even remotely approaching permanent government ownership of these institutions, but what is the "public-private partnership" of which they speak?

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    Deadman's picture

    Brother, can you spare some wisdom?

    I have come to believe that the whole world is an enigma, a harmless enigma that is made terrible by our own mad attempt to interpret it as though it had an underlying truth. - Umberto Eco

    Where the fuck is my wisdom?

    Seriously, wisdom was supposed to part of the deal, the salve that soothes amidst aging's unceasing, unending parade of insults and torments. I am now well into my 36th year - my hair is thinning, my back is creaking, my sex drive is waning.

    Wisdom should be accumulating, dammit.

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    DF's picture

    Burning Question: The Coleman Factor

    The U.S. Presidential election of 2000 still evokes uncomfortable memories of election regularities, former Secretaries of State waxing legal and some stodgy butthole named Chad.  Even though the whole debacle had to be appealed all the way to the Supreme Court, which seemed to take for-eh-ver, the resolution was reached in a tidy 38 days.

    Michael Wolraich's picture

    This is the house that George built!

    This is the house that George built!
    These are men who lie in the house that George built.
    This is the war that killed the men
    That lie in the house that George built.

    This is the fraud that started the war
    That killed the men that lie in the house that George built.
    This is the Dick that contrived the fraud
    That started the war that killed the men
    That lie in the house that George built.

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    Deadman's picture

    Nationalize Now

    I am going to try and keep this as short as possible because I'm off on a biz trip tomorrow (expect a lot less blog activity from me for about a week) and have things I need to get done before then.

    But I just had to comment on the statement released jointly this afternoon by the Treasury, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the Fed.

    DF's picture

    It's Hard Out Here For A Moderate Politician

    In contrast to my last post, I'm going to keep this one brief.

    There's been no shortage of lot of talk lately about bipartisanship as a way forward.  Of course, we all know that the President has made this one of his central themes in assuming office.  Over the course of watching the stimulus legislation, many pundits have been all too happy to pronounce this notion DOA.  If you want to be completely cynical about it, you could say that it was a naive notion to begin with.

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    Orlando's picture

    Live Blogging the Academy Awards

    It's finally here--the night when we get answers to all of our burning questions. Just how ugly will Anne Hathaway's dress be? Will Kate Winslet give her acceptance speech with a German accent? Will Mickey Rourke wear a tuxedo or tights and a cape?

    And here we go.

    Deadman's picture

    The dagbuzz for 2/22/09: (Slumdog, the Oscars and a Happy Ending I Can Live With)

    I usually hate happy endings in movies. They may be fine for movies like Rudy, but for many films, happy endings often ring false and feel like cheap cop-outs. Yet for reasons I explain in the video below, I actually enjoyed the ultra-gooey finale of Slumdog Millionaire.

    Perhaps because America's economic story and outlook has become almost as depressing as the childhood of Slumdog protaganist Jamal Malik, it's somehow fitting that we allow ourselves to be gloriously deluded by inspiring, well-earned Hollywood ending bullshit.

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    Orlando's picture

    2009 Oscar Predictions: Best Supporting Actor

     

     

    And the nominees are:

     

    • Josh Brolin in Milk;
    • Robert Downey, Jr., in Tropic Thunder;
    • Philip Seymour Hoffman in Doubt;
    • Heath Ledger in The Dark Knight; and
    • Michael Shannon in Revolutionary Road.

     

    Michael Wolraich's picture

    Get Yer Hot D-Bills Here!

    Loyal readers have been anxiously following dagblog.com's financial troubles in this difficult economy. On Tuesday, after dagblog's appeals for federal assistance were rebuffed, I sadly announced that all the other members of the dagblog team would have to be let go.

    Mortimus's picture

    The NFL Combine - A Rant

    Right now over 300 college kids are parading around in sponsored spandex performing the President's Fitness Challenge for a bunch of googley eyed grown men. Well-paid football professionals and numbers geeks are oohing and aahing over tenths of a second in an effort to figure out which specimen they'll hand over the $50 million "Deal or No Deal" briefcase. Endless numbers of greased up Mel Kiper wannabees are plotting these numbers into formulas trying to find the NFL equivalent of e=mc2.

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    Orlando's picture

    2009 Oscar Predictions: Best Supporting Actress

    We're in the homestretch now! Only three days left and, frankly, on Sunday night, I'm going to be more concerned with whose dress is pretty than who actually wins. But for now, let's soldier on.

    The nominees for Best Supporting Actress are:

    Deadman's picture

    Michael Phelps may have been on(to) something ...

    I can't stop stewing over the fact that the South Carolina sheriff decided to investigate Michael Phelps' notorious bong hit, with an eye toward possible prosecution.

    I know, I know, the sheriff dropped the investigation earlier this week after deciding there wasn't enough evidence to convict Phelps, who wisely did not admit to smoking the funny weed but merely apologized for using 'bad judgment.'

    DF's picture

    California Knows How To Party

    It is with great pleasure that I take the time to comment on the running clusterfuck that is California's state government.  Here at DagBlog, we've gone back and forth a bit about the possible ramifications of expansive fiscal policy that has now been signed into law by President Obama.  If you want a real lesson in when deficits get sticky, look no further than the Golden State.

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    Orlando's picture

    2009 Oscar Predictions: Best Actress

     

    So we've covered Best Picture, Best Actor, and Best Song. Now, it's time to turn our attention to Best Actress. And the nominees are:

     

    Deadman's picture

    The dagbuzz for 2/18/09: (Cars and Houses and Chimps, Oh My!)

    I'm starting to feel the economy is like the chimp gone mad yesterday in Connecticut. You know, the one who ripped off the face of his owner's friend.

    "It's eating us!! Listen to me, you have to shoot it!!"

    Today's economic damage tally:

    $22 billion more for the car companies, 50,000+ expected jobs lost anyway.

    Orlando's picture

    Earth to Roland Burris: RIP THE %*$&*# BANDAID OFF!

    Turns out, even I underestimated the stupidity of Roland Burris, a feat, I assure you, that is as difficult as it is unexpected, seeing as how I've been criticizing him for weeks.

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