Good news we have a bad bank now

Has this species called Homo Sapiens lost it's marbles ? We are marking a low point in human ingenuity.

Talk about a turned upside down world:

Who said today: "We must dismiss the thought that government can solve all of our problems"?




Give UP?


It was Russia's Vladimir Putin!


Prime Minister Vladimir Putin, who has overseen the creation of government-backed national industry champions, surprised participants at the World Economic Forum in Davos on Wednesday by warning against excessive state intervention in the economy.
LINK



What a country!
[img]http://tbn1.google.com/images?q=tbn:RhIRd0Yjp8S3gM:http://scienceblogs.com/tfk/images/_tourmate_img_tours_2337-5.jpg[/img]

Has this species called Homo Sapiens lost it's marbles ? We are marking a low point in human ingenuity.

Nav...Bad Bank should go in the same waste basket with the *real estate never goes down* models the bankers used to tank the banks. :stupid:

BAD BAD BAD BANK go sit in the corner for 3 years while we continue going bankrupt.

It is fun to say BAD BANK though kinda catchy.

Z

Talk about a turned upside down world:

Who said today: "We must dismiss the thought that government can solve all of our problems"?




Give UP?


It was Russia's Vladimir Putin!


Prime Minister Vladimir Putin, who has overseen the creation of government-backed national industry champions, surprised participants at the World Economic Forum in Davos on Wednesday by warning against excessive state intervention in the economy.
LINK





What a country!
[img]http://tbn1.google.com/images?q=tbn:RhIRd0Yjp8S3gM:http://scienceblogs.com/tfk/images/_tourmate_img_tours_2337-5.jpg[/img]

Funny how the commies are turning capitalistic and the capitalists are turning commie.

Funny how the commies are turning capitalistic and the capitalists are turning commie.

There's only one word for that: yin and yang

Yin yang transform each other
Like an undertow in the ocean, every advance is complemented by a retreat, and every rise transforms into a fall. Thus, a seed will sprout from the earth and grow upwards towards the sky - an intrinsically yang movement. Then when it reaches its full height, it will begin to weaken, and eventually will fall back to the earth in decay - an intrinsically yin movement. Yin always contains the potential for yang, and yang for yin.

Edited by Rogerdodger, 29 January 2009 - 01:13 AM.

Funny how the commies are turning capitalistic and the capitalists are turning commie.

There's only one word for that: yin and yang

Yin yang transform each other
Like an undertow in the ocean, every advance is complemented by a retreat, and every rise transforms into a fall. Thus, a seed will sprout from the earth and grow upwards towards the sky - an intrinsically yang movement. Then when it reaches its full height, it will begin to weaken, and eventually will fall back to the earth in decay - an intrinsically yin movement. Yin always contains the potential for yang, and yang for yin.

You guys are blowin' my mind. I thought I was all alone with these observations....seriously! Somebody has yinned my yang- and I can't do a gol dang thing about it! But the good news, as I've told my son recently, is that I don't have to care any more. I'm past the point where it much matters. He does, but he thinks it's all just fine. So No worries all the way around, I guess.

Ps: "Bad, bad, bad, bad Bank!" You will stay after class and write on the blackboard "I will not make BAD loans, and sell them as AAA", 450 times- in caps........

Edited by IYB, 29 January 2009 - 02:11 AM.

Perfect irony, 4 decades latter.....

Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone.
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'.

The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'.

It's in a nutshell, pure despicable tragedy that it's reached this point! Isn't the Fed a consortium of dealer banks....i.e. the same ones that are largely responsible for this mess. And the same ones dictating to the rest of us that WE will be paying for THEIR greedy mistakes (and yes greed is very much alive....see those massive ticks yesterday...a mad rush to get rich quick) so they can survive until the next major wave of financial engineering makes its rounds. Makes me wanna FF: as a "token" of their appreciation for taking us to the "bank", at least one of the majors will be seized with equity holders left with nothing....pre-market monies are currently betting on BCS, C and BAC