Let’s play “One of these things is not like the other’!
How can all these things be true at the same time in the same universe?
– The biggest banks in the world are revealed to have manipulated the critically important LIBOR rate for years for their own financial benefit.
– JP Morgan Chase is belatedly discovered to have lost $5.8 billion — up from the original $2 billion estimate — in risky derivatives trading that it supposedly did not dabble in. The trades were allegedly hidden both from regulators and from top executives.
– Jon Corzine and MF Global announce that they have lost $40 billion — including $1.6 billion of clients’ money that by law should never have been put at risk. The money may never be recovered.
– Russell Wasendorf, founder of PFGBest, is arrested for fraud for having lost more than $200 million in clients’ money that again by law should never have been put at risk. Again, the money may never be recovered.
– The financial system is overregulated.
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362 comments Add your comment
marko
July 15th, 2012
7:58 pm
G Mare, I wish I had something rosy and optimistic to share with you, but Einstein assures me that deaths the only cure for old age.
barking frog
July 15th, 2012
8:00 pm
WTF. Sinkwich
Thanks.
Keep Up the Good Fight!
July 15th, 2012
8:01 pm
so today Obama is a constitutional law professor and not just a community organizer… wonder what the wingnut email has in store for a new diatribe…
Tundra Dude
July 15th, 2012
8:03 pm
weetamoe wrote:
Does Obamacare cover hospitalization for Enormous Disappointment?
You mean your Love life………got E.D.?
I hear registered D’s will get the Cadillac treatment, viagra.
You’ll only be eligible for the Yugo remedy, duct tape and 2 Popsicle stix.
Kamchak ~ Thug from the Steppes
July 15th, 2012
8:04 pm
… wonder what the wingnut email has in store for a new diatribe…
Marxist, Kenyan, socialist, fascist intent to overthrow the U.S. govt. and force us all to get gay married then make us have abortions.
But I wouldn’t call that “new.”
Keep Up the Good Fight!
July 15th, 2012
8:07 pm
Definitely not new…. maybe they could incorporate “retroactive resignation” into it.
marko
July 15th, 2012
8:07 pm
That sounded a bit pessimistic didn’t it? I’m anything but a pessimist. I firmly believe that if you live long enough, something might go right. I just can’t prove it yet. Good night moon.
martin the calvinist
July 15th, 2012
8:11 pm
I can’t believe I agree with Jay again, I must be getting sick,
anyway, my two concerns are, at what point do we regulate so much that we end with gov’t control of the banking system and two, every well intentioned law has unintended and bad consequences that harm us…..
I have to ask though, how come there is no scrutiny on what the fed reserve does and they are pretty much not critized for anything they do, I mean, my lower middle class dollar keeps going down in value faster than I can make up ground?
TaxPayer
July 15th, 2012
8:30 pm
I’m trying to figure out which financial industry regulations the Republicans are concerned about. Is there a link to a list available.
G Mare
July 15th, 2012
8:38 pm
Popsicle sticks?!?! Too funny.
Reminds me of the old adage popular among feminists lo these many years ago : a hard man is good to find. We were never about hating men; we wanted, & often found, men who valued us for more than our body parts & cooking skills.
JamVet
July 15th, 2012
8:40 pm
marko, thanks for the shout out earlier.
And dbm, I also appreciate your response.
Alas, as a self employed schmuck, I’ve worked a lot today. And loved it.
You know what they say, “Be careful what you wish for, you may get it!”
And I’ve got plenty more to do before I sleep, so really can’t play much tonight.
But this one popped into my head a while ago (for no reason) and I thought I’d share it with the gang…
http://www.youtube.com/watch?v=wuz0ZoZzziA
Doggone/GA
July 15th, 2012
8:43 pm
“I’m trying to figure out which financial industry regulations the Republicans are concerned about.”
You’re not supposed to get bogged down in details!
TaxPayer
July 15th, 2012
8:49 pm
You’re not supposed to get bogged down in details!
Details! The bane of the GOP.
G Mare
July 15th, 2012
8:51 pm
Just had what must have been a robo call. Have discovered that if I answer but don’t say anything, the call will terminate. Seems to me that the robot must be voice activated, so if I don’t speak, it won’t either. Ah another small victory over technology.
Doggone/GA
July 15th, 2012
8:56 pm
“Have discovered that if I answer but don’t say anything, the call will terminate.”
I got an answering machine years ago. I never answer the phone until I KNOW who’s talking.
Taxman
July 15th, 2012
9:01 pm
Taxpayer, you’re still trying to distinguish between your ass and a hole in the ground.
ha ha
TaxPayer
July 15th, 2012
9:12 pm
Such wit, Taxman.
0311/8541/5811/1811/1801
July 15th, 2012
9:13 pm
Recon 0311:
“Most I knew who staid in did so for the combat experience and those who had no choice did so because they had no choice. I don’t recall anyone feeling as though they were fighting for the betterment of a people in a foreign land. Fighting for yourself and each other was/is the common thread of an infantryman regardless of wars they fought in.”
I hear you but I can only relate my experience. One usually signs up for a “larger cause” but as you know when it hits the fan you are fighting for yourself and those on either side of you. If you knew upfront you were signing up for what can “really” happen ………….. you would never sign. That’s why there are nice looking uniforms and bands to march you off to war.
That’s just the way it is.
If you have not read this book ……….. for someone like you it’s a must:
“What It’s Like to Go to War” by Karl Marlantes
http://www.goodreads.com/book/show/11290708-what-it-is-like-to-go-to-war
0311/8541/5811/1811/1801
July 15th, 2012
9:29 pm
Arab Spring:
“CAIRO (Reuters) – Protesters threw tomatoes and shoes at U.S. Secretary of State Hillary Clinton’s motorcade on Sunday during her first visit to Egypt since the election of Islamist President Mohamed Mursi.”
Redneck Convert (R--and proud of it)
July 15th, 2012
9:32 pm
Obama 332
Romney 206
Real Clear Politics, Map with No Toss-up States
D’ooooooooh!
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:38 pm
Headline:
Gooey drudgey goodness rabbit holes next few hours.
Proceed with caution.
getalife
July 15th, 2012
9:43 pm
Four more years!
No apology.
JamVet
July 15th, 2012
9:46 pm
I hear you but I can only relate my experience. One usually signs up for a “larger cause” but as you know when it hits the fan you are fighting for yourself and those on either side of you. If you knew upfront you were signing up for what can “really” happen ………….. you would never sign. That’s why there are nice looking uniforms and bands to march you off to war.
“…my God, that’s all she talks about.” ~Joe Walsh, R-Illinois
0311/8541/5811/1811/1801
July 15th, 2012
9:46 pm
Headlilne:
Gooey hummingbird stories next few hours.
Proceed with caution.
0311/8541/5811/1811/1801
July 15th, 2012
9:47 pm
Excuse me: “Headline”
0311/8541/5811/1811/1801
July 15th, 2012
9:47 pm
JamVet:
Two points:
1) I was answering a question for Recon.
2) I am not running for office.
0311/8541/5811/1811/1801
July 15th, 2012
9:49 pm
Headline (CBS): “Egypt’s military raises stakes against Islamists”
This will get interesting ……………………………
barking frog
July 15th, 2012
9:52 pm
0311
2) I am not running for
office.
…
why not?
0311/8541/5811/1811/1801
July 15th, 2012
9:52 pm
Headline (NBC) : “Christians snub Cairo meeting with Clinton, claim US backs Islamists”
“Prominent Christian Egyptians snubbed Secretary of State Hillary Clinton on Sunday because they feel the U.S. administration favors Islamist parties over secular and liberal forces in society at the expense of Egypt’s 8 million Christians.”
0311/8541/5811/1811/1801
July 15th, 2012
9:53 pm
barking frog:
Because I have seen personally, upfront, first hand what the process is and what it does to a person and their family.
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:53 pm
And I hope when I get old I don’t sit around thinking about it
but I probably will
Yeah, just sitting back trying to recapture
a little of the glory of, well time slips away
and leaves you with nothing mister but
boring stories of glory days
Oscar
July 15th, 2012
9:54 pm
G Mare
July 15th, 2012
8:38 pm
________
Correction. You found men who were good at lying and fooled you.
Oscar
July 15th, 2012
9:55 pm
Kamchak ~ Thug from the Steppes
July 15th, 2012
9:53 pm
_____
Uh, they really are not all that boring.
barking frog
July 15th, 2012
9:56 pm
0311
you would be a good
candidate.
0311/8541/5811/1811/1801
July 15th, 2012
9:57 pm
or ………………. boring stories of hummingbirds.
0311/8541/5811/1811/1801
July 15th, 2012
9:59 pm
barking frog:
I might be a good candidate but I would stand little chance of being elected to anything because I “call ‘em like I see ‘em”.
You can’t do that (liberal or conservative) and be in politics. You basically have to learn how to lie well and that is a shame.
I have been in the front seat of the limo (both Dems. and Repubs.) when the candidate and the staff in the back are discussing how to answer a particular question depending on the group they are going to address ………….. vs. the truth.
It’s actually quite sickening.
0311/8541/5811/1811/1801
July 15th, 2012
10:02 pm
“Every man thinks meanly of himself for not having been a soldier, or not having been at sea.”
Samuel Johnson
getalife
July 15th, 2012
10:03 pm
You have to be an adult that can take it scout.
You will not see Hillary whine or ask for an apology.
barking frog
July 15th, 2012
10:05 pm
0311
there are candidates who
do not operate that way
campaigning or in office.
JamVet
July 15th, 2012
10:07 pm
My bad.
“…my God, that’s all those two talk about!”
bluecoat
July 15th, 2012
10:07 pm
Coons will get to the HB feeder if possible.That’s RAC
G Mare
July 15th, 2012
10:20 pm
Oscar @9:54, we did not take them at “face value,” my dear. No fools we! Non sequiter: So did you check out that test yet? As you are among the more intelligent here, this inquiring mind wants to know. No, seriously, not being snarky.
getalife
July 15th, 2012
10:22 pm
My dog brought me a baby possum.
It was playing possum so I took it outside and it ran home to his family.
We have a raccoon the size of my dog.
0311/8541/5811/1811/1801
July 15th, 2012
10:47 pm
barking frog @ 9:56
You’ll have to name me one.
0311/8541/5811/1811/1801
July 15th, 2012
10:47 pm
JamVet:
http://www.youtube.com/watch?v=SKRma7PDW10&feature=related
getalife
July 15th, 2012
10:50 pm
That is politics scout.
You could run and tell the truth.
For one term.
U know it
July 15th, 2012
10:58 pm
Was Samuel Johnson a battle tested individual or speaking of his own guilt for some reason or another?
U know it
July 15th, 2012
11:04 pm
“How is it that we hear the loudest yelps for liberty among the drivers of negroes?”
Is the same Samuel Johnson?
Wonder how he would have been received by some of our Founding Fathers?
Oscar
July 15th, 2012
11:05 pm
G Mare
I took the test.
Score is pasted below.
You answered 33 out of 33 correctly — 100.00 %
Oscar
July 15th, 2012
11:12 pm
G Mare
July 15th, 2012
10:20 pm
____
Glad you could smoke out the bad ones.
My motto: Trust everybody, but make them cut the cards.
G Mare
July 15th, 2012
11:29 pm
Way to go, Oscar! I missed 5 & figured I did pretty well against the average. I bow to you, sir!
G Mare
July 15th, 2012
11:34 pm
Doggone, yes I do have answering machine & caller id, but it is still kinda fun to mess with ‘em.
Katz P. Ajamas
July 16th, 2012
4:05 am
Industry loves regulation. It protects the big fish from competition. How many of you have a clue as to how the regulations are written? Reduce manipulation and fraud to what it is, theft. Arrest the perpetrators and put them in jail. It des no good to fine a corporation a few million dollars over the theft of billions by individuals.
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:17 am
Good morning all y’all…hope y’all had as good a weekend as I had!
To the topic, it seems to me that if they are so hot to regulate the sin of being a woman, the least they could do is regulate the sin of greed.
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:20 am
Obamacare!
http://news.icanhascheezburger.com/2012/07/13/political-pictures-boehner-tanless-summer/
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:22 am
Obamacare?
http://lolcats.icanhascheezburger.com/2012/07/15/funny-cat-pictures-not-only-will-this-hurt/
Normal Free...Pro Human Rights Thug...And liking it!
July 16th, 2012
6:26 am
Bohner when asked “What will you replace Obamacare with?”
http://lolcats.icanhascheezburger.com/2012/07/13/funny-cat-pictures-er-meh-gerd/
Willie
July 16th, 2012
7:19 am
Jay is so dumb that he still thinks that more and more government is the solution to our problems. The truth is that he does not care about the people who are suffering, the businesses that are floundering, the investments that are not being made. He so badly wants a government run country that he is indifferent to the suffering of the people which will come as a result. He is glad to see the loss of liberty since he would rather have us told what to do than have freedom. Jay is a true believer, a fundementalist of the first order. It’s just that his God is the state.
Jay
July 16th, 2012
7:25 am
Sounds like the basis of a parlor game, WIllie:
“Jay is so dumb that he (flll in the blanks).”
Meanwhile, SHEETS!
Jeff Pruett
July 16th, 2012
12:09 pm
How can all this be true? Ask Joseph Goebbels.
Z
July 16th, 2012
2:36 pm
It was Phil Graham, a Republican who drew up the bill to do away Glass Steagall. Since that time the banks, and other money sources have had a free rein to do as they darn well please, with virtually no regulation. The whole banking system has become corrupt because of not enough regulation and that is the bottom line. The old saying is true, give them an inch and they will take a mile and in this case, many miles. If congress can’t get their act together and fix the banking problem in this country, we will continue to see massive losses.
Slinking Toward Retirement | Let’s play “One of these things is not like the other’! | Jay Bookman | News, Travel, Opinion and Just Odd and Funny Things...
July 18th, 2012
10:01 pm
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