Comments on: Links 12/10/08 http://www.nakedcapitalism.com/2008/12/links-121008.html Sun, 22 Nov 2009 17:45:03 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28883 Richard Kline Thu, 11 Dec 2008 10:54:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28883 Regarding the Congressional Oversight Panel, that's right: they overlook everything that matters.<br/><br/>Joey Stig is the best Laureate to follow; smart enough to make things simple, concise, has a conscience, uses good historical examples. And notice, he's too smart to take a Guvmint position. Now that's _real_ brains for yah. Regarding the Congressional Oversight Panel, that’s right: they overlook everything that matters.

Joey Stig is the best Laureate to follow; smart enough to make things simple, concise, has a conscience, uses good historical examples. And notice, he’s too smart to take a Guvmint position. Now that’s _real_ brains for yah.

]]> By: COP http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28823 COP Thu, 11 Dec 2008 00:49:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28823 The Congressional Oversight Panel<br/><br/><a HREF="http://www.cop.senate.gov" REL="nofollow"> cop.senate.gov </a> The Congressional Oversight Panel

cop.senate.gov

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28818 Anonymous Wed, 10 Dec 2008 22:54:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28818 FYI<br/>Check out Krugman Noble Lecture<br/>http://nobelprize.org/mediaplayer/index.php?id=1072<br/><br/>Very clear with just a little simplified wanking<br/><br/>plschwartz FYI
Check out Krugman Noble Lecture
http://nobelprize.org/mediaplayer/index.php?id=1072

Very clear with just a little simplified wanking

plschwartz

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28781 Anonymous Wed, 10 Dec 2008 18:24:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28781 This is proof that we have at least 3 or more years before the bubble deflates:<br/><br/>"...prices are still hugely out of line with trend levels in bubble markets "<br/><br/>Since prices spent so much time above trend, surely prices have to be below trend for a while so that we don't end up with a new trend? This is proof that we have at least 3 or more years before the bubble deflates:

“…prices are still hugely out of line with trend levels in bubble markets “

Since prices spent so much time above trend, surely prices have to be below trend for a while so that we don’t end up with a new trend?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28778 Anonymous Wed, 10 Dec 2008 18:15:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28778 I like this from Joey Stig's article:<br/>"The bailout package was like a massive transfusion to a patient suffering from internal bleeding..."<br/><br/>It brings out the wordnerd in me. Compared to "pushing on a string" (a popular characterization for now), Stig's formulation powerfully conveys how the economy is being presided over by an incompetent or uncaring practitioner, as well as the extent of the trauma. I like this from Joey Stig’s article:
“The bailout package was like a massive transfusion to a patient suffering from internal bleeding…”

It brings out the wordnerd in me. Compared to “pushing on a string” (a popular characterization for now), Stig’s formulation powerfully conveys how the economy is being presided over by an incompetent or uncaring practitioner, as well as the extent of the trauma.

]]> By: gloomboom.com http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28776 gloomboom.com Wed, 10 Dec 2008 18:02:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28776 They are so cute! I want to take one home! They are so cute! I want to take one home!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28775 Anonymous Wed, 10 Dec 2008 17:57:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28775 Thanks for the information, John B.<br/><br/>Some how some ways these Dens of thieves and liars must be halted in their tracks.<br/><br/>Think Spitzer & Fitzgerald going after these Dens of thieves. <br/><br/>Fast track rules? Strip them of their assets, leave them with basic Soc. Sec. level, and toss them on a Devil's Island for some years.<br/><br/><br/>smart independent Thanks for the information, John B.

Some how some ways these Dens of thieves and liars must be halted in their tracks.

Think Spitzer & Fitzgerald going after these Dens of thieves.

Fast track rules? Strip them of their assets, leave them with basic Soc. Sec. level, and toss them on a Devil's Island for some years.

smart independent

]]> By: aw70 http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28761 aw70 Wed, 10 Dec 2008 16:44:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28761 It's really depressing to see quotes like "A drop in spending has brought the auto industry to the brink of collapse" in the third linked article.<br/><br/>The Big Three are on the brink of collapse because a) their outdated products suck, b) they have chosen to ignore the auto-making trends of the past 20 years, and c) because their management is almost (?) criminally incompetent (the three points are of course linked, with c) being the root cause). Even if no recession was taking place right now, these guys would be in a world of pain.<br/><br/>But no, how convenient. Now we've got a recession, and we can blame our problems on that. Way to go, guys! Why, an attitude like that is virtually <i>guaranteed</i> to get you out of the slump you are in right now!<br/><br/>A. It’s really depressing to see quotes like “A drop in spending has brought the auto industry to the brink of collapse” in the third linked article.

The Big Three are on the brink of collapse because a) their outdated products suck, b) they have chosen to ignore the auto-making trends of the past 20 years, and c) because their management is almost (?) criminally incompetent (the three points are of course linked, with c) being the root cause). Even if no recession was taking place right now, these guys would be in a world of pain.

But no, how convenient. Now we’ve got a recession, and we can blame our problems on that. Way to go, guys! Why, an attitude like that is virtually guaranteed to get you out of the slump you are in right now!

A.

]]> By: lineup32 http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28756 lineup32 Wed, 10 Dec 2008 16:21:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28756 Re-Dean Baker Housing:<br/><br/>More gov't involvement in the SFH real estate market is a bad idea. Soon we will have another cabinet level post overseering an empire that will be bigger then the AG dept which now has more employee's then farmers in America.<br/>If anything we need to curtail gov't actions in the mortgage market by reducing tax credits and getting out of the mortgage funding business. Re-Dean Baker Housing:

More gov’t involvement in the SFH real estate market is a bad idea. Soon we will have another cabinet level post overseering an empire that will be bigger then the AG dept which now has more employee’s then farmers in America.
If anything we need to curtail gov’t actions in the mortgage market by reducing tax credits and getting out of the mortgage funding business.

]]> By: john bougearel http://www.nakedcapitalism.com/2008/12/links-121008.html#comment-28747 john bougearel Wed, 10 Dec 2008 15:06:00 +0000 http://www.nakedcapitalism.com/2008/12/links-121008/#comment-28747 Looks like Goldman has stumbled upon another wonderful anti-american way to make money. Sell short America's state and local municipalities! Great idea, I get it, but do you think Mom will buy it?<br/><br/>Dec. 10 (Bloomberg) -- Goldman Sachs Group Inc., one of the top five U.S. municipal bond underwriters, is angering politicians and public-finance officials in New Jersey, Wisconsin, California and Florida by recommending that investors purchase credit-default swaps to bet against 11 states’ debt. Looks like Goldman has stumbled upon another wonderful anti-american way to make money. Sell short America’s state and local municipalities! Great idea, I get it, but do you think Mom will buy it?

Dec. 10 (Bloomberg) — Goldman Sachs Group Inc., one of the top five U.S. municipal bond underwriters, is angering politicians and public-finance officials in New Jersey, Wisconsin, California and Florida by recommending that investors purchase credit-default swaps to bet against 11 states’ debt.

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