claytoncubitt: “Banks didn’t really care (because they weren’t holding the bad paper) but the people investing in those “mortgage-backed securities” were slowly getting wise to the fact that many of the borrowers were in over their heads. What to do? The credit industry went ahead and lobbied Washington to change the bankruptcy laws. While corporations could claim bankruptcy and stop paying for...
claytoncubitt: “The fiction is that the money just “vanished.” Financial newspapers and cable TV business channels say that the value of holdings has been “erased” by market downturns, but it hasn’t been erased at all. It’s on the negative side of one balance sheet, and the positive side of someone else’s. While Goldman Sachs was underwriting mortgage-backed securities of dubious value, it was...
Sarah Palin Is Dumb
rubenfm: I have been so frustrated with watching videos of the incredibly dumb Republican Vice Presidential nominee, I decided to create a site in her honor: www.sarahpalinisdumb.com I know the name is a bit on the nose, but it’s absurd to me the fervor behind her support when I can’t imagine a more unqualified person to fill this incredibly important role. As we all know, John McCain is 72...
oliveargyle: designage: is there any one muscle (heart, tongue, esophagus) that is the strongest in the body, or does it depend on the person (biceps, quadriceps)? i remember learning that the tongue is a person’s strongest muscle – but there’s no way a body builder’s tongue is “stronger” than their _____ (fill in the blank, pick any over-developed muscle). no way! no way. or… maybe their...
joshnissenboim: Has McCain been to Azeristan? Is that where the Talipan roam? Achimandinnerjeans, I meant Armanidinnerjeans. Bless you!
Something is afoot
I like the idea of clothing influencing what we would like to read. magicmolly: For the fourth* time in my life today, I got the urge to read poetry! Something about the addition of clothing-layers demands a corresponding reduction in the word count of all reading material. For winter I will need a book of limericks or an Ed Ruscha print: *estimated