One of the saddest days of my life was when my grandson – and he’s a particularly brilliant grandson – went to college. He was good at mathematics. And after he had been at college for a year or two I asked him what he wanted to do when he grew up. He said, “I want to be a financial engineer.” My heart sank. Why was he going to waste his life on this profession?
A year or so ago, my daughter had seen something in the paper, some disparaging remarks I had made about financial engineering. She sent it to my grandson, who normally didn’t communicate with me very much. He sent me an email, “Grandpa, don’t blame it on us! We were just following the orders we were getting from our bosses.” The only thing I could do was send him back an email, “I will not accept the Nuremberg excuse.”
This is actually a pretty articulate takedown of the mortgage bailout plan....lots better than most of what one sees coming out of the Republican caucus. The passion doesn't hurt.
The more I see of the bailout stuff the more I fall back to my original position.....let everyone fail. Expand the safety net,if need be. But don't attempt to resuscitate the corpse of the real estate bubble. Recessions and even depressions are a part of capitalism. We wouldn't be suffering from economic pneumonia now if we hadn't been so intent on using cheap credit and easy monetary policy to avoid catching recessionary colds for the past twenty years. Our debt problems will be catastrophic soon, if they aren't already, and will make for much larger structural changes than anything a depression could do.
UPDATE: Unfortunately, K-Lo thinks he has candidate potential too, whcich is pretty irrefutable evidence that this is a really bad idea. Plus, when you listen to Santelli a second time he starts to sound a little more like Howard Beale in Network.
Courtesy of the comments section at Balloon Juice, we are reminded in the wake of the Judd Gregg debacleof Atrios's definition of "High Broderism":
We normally think of "High Broderism" as the worship of bipartisanship for its own sake, combined with a fake "pox on both their houses" attitude. But in reality this is just the cover Broder uses for his real agenda, the defense of what he perceives to be "the establishment" at all costs. The establishment is the permanent ruling class of Washington, our betters who know better. It is their rough agenda which is sold as "centrism" even when it has no actual relationship with the political center in a meaningful way."
Nancy P. looks pretty savvy at the moment, no? Judd Gregg, who New Hampshire has long known to be a whore of the old school, fumbling for your wallets and watch before you ever hit the sack, reveals this bipartisan nonesnse to be the Chimerical Questing Beast it truly is.
Mr. Door Tree, who blogs at Golden Age Comic Book Stories, actually covers a hell of a lot more ground than just comics. It's really one of the best spots on the web for just about all forms of twentieth-century illustration. For example, here is a very Lynd Ward-like expressionist series by Zhenya Gay illustrating De Quincey's Confessions Of An Opium Eater.
His blog is like Chocks Multi-Vitamins....you should have some every day.
Is there anything more pleasant than watching a CNN anchor come completely unglued on air? I don't think so. While it lacks the sheer entertainment value of seeing Anderson Cooper perform while dead drunk, viewing Tony Harris wax indignant over the moderately clever "Read A Book, Nigga" video probably was more valuable, at least in terms of demonstrating the utterly conventional and humorless mindset prevailing at "America's Most Trusted News Network".
I hadn't realized he was quite that old, to be honest. How time flies (or Flys, in this case). I was a fairly early adopter, being hooked on their Gravest Hits EP. Sex and drugs were always a little bit better with The Cramps on the stereo. Great live show,too.
RFK Jr. Too Emotional to Lead HHS
-
Dr. Monarez is testifying at a Senate hearing today. Unlike the wizened
nutsack who used to be her boss, she got through her testimony without
shouting a...
The Royal Family Knows How To Entertain Children
-
Trump enjoys his ride in a golden carriage at Windsor Castle:
"He said he was really, really, really looking forward to this."
pic.twitter.com/t7Ca1tK7aa...
Tuesday 16 September 1662
-
Up and to my workmen, and then to the office, and there we sat till noon;
then to the Exchange, and in my way met with the housekeeper of this
office, and ...
Records of 2023
-
And now, with 2023 coming to a close, the annual list of noteworthy records:
- Emma Anderson - *Pearlies* (BandCamp)
One of the two women front...
Benefits of Taking Viagra for Erectile Dysfunction
-
Viagra is one of the most effective medications available to treat erectile
dysfunction. It has
The post Benefits of Taking Viagra for Erectile Dysfuncti...
The Years Of Writing Dangerously
-
Thirteen years ago, as I was starting to experiment with this blogging
thing, I wrote the following: [T]he speed with which an idea in your head
reaches th...
Canton Horseshoes
-
Horseshoe pitching alive and well at Canton club Published in The Alliance
Review September 4, 2014 Pitching horseshoes may rank as one of the
lesser-known...
The Oil Drum writers: Where are they now?
-
- Nate Hagens is at The Monkey Trap
- JoulesBurn (Brian Maschhoff) is at Picojoule
- Euan Mearns is at Energy Matters
- Heading Out (Dave...
The Fouling Of Festivus - Airing Of Grievances
-
Is nothing sacred?
According to the LA Times, a hoard of hucksters, including Grape Ranch
have tainted the true spirit of Festivus. In the case of Grape Ranc...
-
I recently posted up some new pics on Flickr, but they're not exactly
on-subject. There's a new photoset that my wife and I took at this year's Blue
Dome...
"....There were those, of course, who claimed that they had heard his voice
coming through the spaceless ether over the radio. But at the broadcasting
studio, The Shadow's identity had been carefully guarded. He was said to have
been allotted a special room, hung with curtains of heavy, black velvet, along
a twisting corridor. There he faced the unseeing microphone, masked and robed." ...The Shadow Magazine April 1931