Comments on: Is Your State Going Broke? http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Michael McKinlay http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11920 Michael McKinlay Thu, 24 Jul 2008 18:49:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11920 <b>When one is running a giant Ponzi Scheme such as our financial sector has become it is very unhelpful when someone points to the fact that it is, in fact, a giant Ponzi Scheme. </b> When one is running a giant Ponzi Scheme such as our financial sector has become it is very unhelpful when someone points to the fact that it is, in fact, a giant Ponzi Scheme.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11905 Anonymous Thu, 24 Jul 2008 14:40:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11905 They have a million ways to say shut up, don't they? Nonetheless, events are slipping from their grasp. They have a million ways to say shut up, don’t they? Nonetheless, events are slipping from their grasp.

]]> By: praetorian http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11902 praetorian Thu, 24 Jul 2008 14:06:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11902 <i>Quite pathetic, really.</i><br/><br/>_shrug_<br/><br/>Just a dude who prefers free, raucous speech. Call me what you like.<br/><br/>Cheers,<br/>prat Quite pathetic, really.

_shrug_

Just a dude who prefers free, raucous speech. Call me what you like.

Cheers,
prat

]]> By: Anonymous http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11901 Anonymous Thu, 24 Jul 2008 14:02:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11901 For a while the right has referred to unsatisfactory levels of optimism as 'economic sabotage,' the better to associate it with other existential threats such as terrorism, Marxism, liberalism &c &c &c. 'Confidence' has become another of those precious values that must be protected from subversion. That appears to have developed into an official policy of chilling unauthorized economic speech.<br/><br/>So it's clear that our patriotic duty is to spook all the old ladies into bank runs, since economic dislocation reduces the chance that the GOP falange can perpetuate itself. All you have to do is tack a horrific fabricated scare onto one of the viral emails that says Obama's a Marxist gangbanger Muslim militant Commie. It will spread like wildfire. For a while the right has referred to unsatisfactory levels of optimism as 'economic sabotage,' the better to associate it with other existential threats such as terrorism, Marxism, liberalism &c &c &c. 'Confidence' has become another of those precious values that must be protected from subversion. That appears to have developed into an official policy of chilling unauthorized economic speech.

So it's clear that our patriotic duty is to spook all the old ladies into bank runs, since economic dislocation reduces the chance that the GOP falange can perpetuate itself. All you have to do is tack a horrific fabricated scare onto one of the viral emails that says Obama's a Marxist gangbanger Muslim militant Commie. It will spread like wildfire.

]]> By: Dan Duncan http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11893 Dan Duncan Thu, 24 Jul 2008 11:12:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11893 To praetorian:<br/><br/>So, as a "praetorian" you've gone from guarding Roman Emperors to issuing anonymous "fuck yous" in defense of bloggers?<br/><br/>Quite pathetic, really.<br/><br/>"Praetorian"...Puhleeeze....so, really, what's the deal here: Are you just seriously ensconsed in some Dungeons and Dragons roll playing? Did the disturbing little fantasy bleed over into the blogoshere, where you are Praetorian the Protector, warding off the evil "Tom" in defense of your arch-lord, The Darth Blogo.<br/><br/>Go spend some more time with your action figures.<br/><br/>Cheers! To praetorian:

So, as a “praetorian” you’ve gone from guarding Roman Emperors to issuing anonymous “fuck yous” in defense of bloggers?

Quite pathetic, really.

“Praetorian”…Puhleeeze….so, really, what’s the deal here: Are you just seriously ensconsed in some Dungeons and Dragons roll playing? Did the disturbing little fantasy bleed over into the blogoshere, where you are Praetorian the Protector, warding off the evil “Tom” in defense of your arch-lord, The Darth Blogo.

Go spend some more time with your action figures.

Cheers!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11890 Anonymous Thu, 24 Jul 2008 06:27:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11890 Reminds me of the time when a post here made comment on the upper echelon in world banking and a responding defensive post by one in the system was put forth how wonderful family men and great human beings are the world bankers. <br/><br/>Delusional at best but they can afford to be delusional since they control and have all the money.<br/><br/>All the corresponding posts were purge. Reminds me of the time when a post here made comment on the upper echelon in world banking and a responding defensive post by one in the system was put forth how wonderful family men and great human beings are the world bankers.

Delusional at best but they can afford to be delusional since they control and have all the money.

All the corresponding posts were purge.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11888 Anonymous Thu, 24 Jul 2008 05:59:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11888 <i>The entire group of bloggers is going to be marginalized unless people like Williams support fantastic claims such as the country being in the worst recession since the Depression is backed up by some solid evidence.</i><br/><br/>Well Tom if banks were forced to come clean on their level 3 accounting and the Fed wasn't offering their alphabet soup and the Fed hadn't bailed out Bear Stearns, where exactly do you think we would be now? The entire group of bloggers is going to be marginalized unless people like Williams support fantastic claims such as the country being in the worst recession since the Depression is backed up by some solid evidence.

Well Tom if banks were forced to come clean on their level 3 accounting and the Fed wasn’t offering their alphabet soup and the Fed hadn’t bailed out Bear Stearns, where exactly do you think we would be now?

]]> By: Michael McKinlay http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11887 Michael McKinlay Thu, 24 Jul 2008 05:29:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11887 State shortfalls are old news. People have known about this for quite a while.<br/><br/>What people don't understand is that this is just the beginning and that come October-November the crap is really going to hit the fan. <br/><br/>So far the stimulus package has assuaged public fears but as the year wears on and the miserable proposals from Congress prove to be the snakeoil everyone fears the wheels will come off.<br/><br/>A dramatic drop in oil prices may contain the damage but not for long as house prices keep falling, layoffs increase and prices especially for energy go right back up.<br/><br/>I was surprised at this latest little financial heart attack. I thought they could keep it together until the Fall. It is worse than I thought. State shortfalls are old news. People have known about this for quite a while.

What people don’t understand is that this is just the beginning and that come October-November the crap is really going to hit the fan.

So far the stimulus package has assuaged public fears but as the year wears on and the miserable proposals from Congress prove to be the snakeoil everyone fears the wheels will come off.

A dramatic drop in oil prices may contain the damage but not for long as house prices keep falling, layoffs increase and prices especially for energy go right back up.

I was surprised at this latest little financial heart attack. I thought they could keep it together until the Fall. It is worse than I thought.

]]> By: praetorian http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11886 praetorian Thu, 24 Jul 2008 05:27:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11886 <i>By the way that means it's probably necessary to moderate comments as well.</i><br/><br/>Fuck you.<br/><br/>On principle.<br/><br/>Cheers,<br/>prat By the way that means it’s probably necessary to moderate comments as well.

Fuck you.

On principle.

Cheers,
prat

]]> By: Tom Lindmark http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke.html#comment-11885 Tom Lindmark Thu, 24 Jul 2008 04:59:00 +0000 http://www.nakedcapitalism.com/2008/07/is-your-state-going-broke/#comment-11885 I understand that Sheila Bair had some harsh words for bloggers concerning their comments about Indymac and the banking system. Probably not undeserved criticism for the blogs. <br/><br/>The entire group of bloggers is going to be marginalized unless people like Williams support fantastic claims such as the country being in the worst recession since the Depression is backed up by some solid evidence. <br/><br/>Let's start being responsible rather than aiming for the sensational. By the way that means it's probably necessary to moderate comments as well. I understand that Sheila Bair had some harsh words for bloggers concerning their comments about Indymac and the banking system. Probably not undeserved criticism for the blogs.

The entire group of bloggers is going to be marginalized unless people like Williams support fantastic claims such as the country being in the worst recession since the Depression is backed up by some solid evidence.

Let’s start being responsible rather than aiming for the sensational. By the way that means it’s probably necessary to moderate comments as well.

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