Listen: What the fuck do I know.
I'm a Software Engineer; if you have a question about black people or your internets, come and see me.
In situations like these, I'm drawn to the examination of Meta Data:
PRO bailout:
- Obama
- McCain
- Palin (jk)
- non-jewish money prodigy Hank Paulson
- BB "balls" Bernanke
- Suzie Grubman
- Wall Street
- People who don't want a Depression (I thought)
- George Bush
ANTI bailout:
- Random Harvard Economists
- Ignorant / Heroic Middle Americans
- Ayn Rand
- Michael Moore
Shiiiit, Ayn Rand and Michael Moore on the same side? That hasn't happened since the Pepsi Challenge back in '84. You know what those two fat douchebags have in common? They both seem like total self-serving assholes but they always end up being (tragically) right.
Christ, which side to choose?
Alright, shit, I'm going to have to pull out the lifeline I've been saving. Only allowed to consult this muthfka twice a year. Headphones ON, Volume UP, Pay attention - you never want to miss a single word of what this venerable blackyoda has to say, and his answers start IN THE FIRST MILISECOND of the video so be ready.
Subway Prophet: which side of the bailout should blogniggers get behind?
Nigga wasn't much help. However, there is one thing I know- yesterday I was with this Indian engineer at my company watching the stock market freefall. He's an ignorant little bastard, really. A shitty sidekick – he's no sancho panza, I'll tell ya that right now.
He goes "hoho boss, tank god we do not work on wall street!"
I said to him, in so many words but whiter: "Nigga you know the bees are all dyin? Now, you gonna sit there and say "Tank god I'm not a bee?" Interdependence, fool!" Then I put it into a technical jvm metaphor so that he could understand - I won't bug you with that part. "Now how you gonna sit there and say tank god we don't work on wall street."
and he goes "hoho Don Quixote you are right again. You are much smarter than most Africans."
L'Shana Tova!
31 comments:
It's like supplying aid and "peacekeepers" to Rwanda or Sudan.
You stop the killing and the starving, but you also prop up the system that keeps them killing and starving.
On the other hand, Jesus, dude - you have all the sensible moderates on one side of the issue, and the lunatic fringe of the left AND the right on the other.
If you're using only metadata, this is the easiest decision you'd ever have to make.
Happy New Year to you and yours you fucken racemixer. Did you and your wife drag your Jewnigger kiddies to shul today?
That idiot Indian you work with needs to get his head straight if he wants to stay here and muddle through the hard times acomin'. What are all these South Asians gonna do when they find out that all the bullshit about how much smarter they are than regular Americans was just propaganda to get them to work cheap?
Listen dude--fuck th' bailout. This is classic shit--everybody is up in arms that the people have not been isolated from the democratic process..."How can we defend the country's interests against the hordes of Americans who feel differently."
Revolution brewing son--invest yer money in can openers and other hand tools.
!!!!!!!US OUT OF AMERICA!!!!!!
horse, i can't even figure out what side you're on!
surely you didnt just call Bush a 'sensible moderate?'
sorry horse, you're usually much more concise. worst comment ever ;)
BN..since you asked, this is exactly the kind of guy,the seems-crazy-to-me unpredictible angry black dude that I turn away from, and read the Times unfolded..That's not a European thing, it's subway survival.
The economy is a shit sandwich either way. We are mere lemmings, and life will go on.
Me, I want to get down with a roach. On to Craigslist..
Dearest amelia underscore bedilia,
Yes, Bush is a sensible moderate. I wouldn't have believed it either!
What had happened was, he had all this high approval rating and good juju, and he thought he could do whatever he wanted, and he did some crazy irresponsible republican shit that his crazy irresponsible republican advisers told him.
Eventually, all that crazy irresponsible republican shit came back on him like a subprime mortgage backed security, all that good juju became bad juju, and that approval rating went down faster than the Mets in September.
So what we have left is a humble idiot, trying to do some right thing before he shuffles off in disgrace.
I will try harder not to write so much next time. Sorry I hurt your eyes.
You'll be for the bailout in a month or so when you punch in your pin number and no money comes out.
Why? Without the bailout we could have what is known as "cascading failure," - a domino effect of banks failing around the world, triggering a global economic meltdown, with millions losing their jobs. To an extent little appreciated by most Americans, businesses today no longer pay for their day-to-day operations with their own money but do so with borrowed funds. Making next week's payroll or buying the supplies workers need to do their jobs tomorrow depend on loans. Without those loans, companies and the economy as a whole begin to grind to a halt.
Anyway, my good blogniggers and blognigglets, remember the FDIC has insurance limits. If you haven't already, buy gold or silver. Ciao.
Years ago, when GZA said "diversify yo bonds, nigga" did anyone listen? Nope, and now look at us.
@carolinahaze
I Lolled.
Jesus fucking Christ CarolinaHaze you just about KILLED ME.
Anyhow, I'm for some shit they're calling "the Swedish Plan" where the government ends up giving everybody stock in these busted as corps & then us getting our cash back out of it. Apparently it worked before, for the eponymous Swedes. Fuck though, I dunno about money. I'd like some socialized health care & hell, why no banks? Better than this whole "no, no, go ahead & screw John Q. Poor, we'll get your back, hombre."
Bush is a moderate, the GOP stands up against big money interests, the ghost of Ayn Rand agrees with Michael Moore, Mordicai makes a 100% serious and thoughful comment -- I feel like I've taken CRAZY PILLS.
Best BN thread ever.
I second both horse (sensible moderates v. binary lunatic fringe) and Mordicai (for more on Sweden, see http://delong.typepad.com).
Oh, and the DJI is +350 so far today. Consider my "what" to be thoroughly "the fucked."
Wouldn't it be really fitting if those dastardly neo-con white devils rape the citizens of all their money and move to dubai - leaving poor Obama captain of the USS America as it plunges straight toward a giant fucking iceberg.
Classy.
http://www.youtube.com/watch?v=CyxsfYQLK4Q
Yo Tommy, that only counts for folks got money in their fucken accounts to begin with.
The good people of America been tryin to pay their bills...not their fault some whizkids fucked up calculating the delta on their delta or whatever they do. Fuck em.
Let the cost of Hamptons real estate plunge...so what...turn the East End into a public park.
Folks been suffering since 1980...real wages are stagnant...bout time some rich folks eat shit too.
Hope you didn't move neighborhoods yet. You might get the shot you always wanted. Forget a 400 day for the DOW - I smell Napalm....
The What
Someday this war is gonna end...
Holy christ my head just exploded. The What is commenting on BN?! ANARCHY!
Hey, The What, quick question: do you read Calculated Risk?
AND:
the Google ad at the top of the page reads "How to Love Your Spouse" - A Proven System. Gauranteed Results. Free Marriage Help Immediately.
When you click it, you get a site with a picture of this empathetic looking douche named I SHIT YOU NOT "Mort Fertel" who wants to sell you the answer to the same problem BN already solved with handjobs.
The world has gone mad.
THAT comment everybody likes? With the crazy grammar & spelling? I couldn't even spell "ASS" correctly, & what the fuck is with "why no banks?" What the fuck am I even talking about? This coffee needs to be stronger, I'm thinking.
McCain, Boehner....These jokers are not the leaders of the Republican party. Wasting time talking to the marionettes, man!
There's 3 guys who run the show. Niggers gots to be talking to them to get this bill passed.
http://www.youtube.com/watch?v=T7Sg_fZxqQE
I agree with the main point of what horse was saying. You can possibly salvage the economy with a bailout but you're only a generation away before your kids get fucked even worse. The problem you're seeing is part of an inherent failure in the philosophy of capitalism as practiced in America or any other debt-centric economy. I oppose the bailout for the one solid reason - if it comes in the end nothing will change. The current system is not tenable and it becomes less and less so because of the fact debt increases exponentially. The options are bailout now and yes you might be able to pull some money from the ATM tomorrow while Wall st. continues to wipe its ass with silk in the hills above your peasant village OR everyone loses, everyone suffers and people confront the reality of the fact there is fundamental change that needs to happen that won't if immediate comfort is the only criteria by which we evaluate the merit of a bailout. Think about the future.
500 points on the djia?
see what happens when you jews stay away for a day?
happy new year
I think I agree in principle with what Anon 4:06 is saying...
(Though I'll secretly / hypocritically be glad if a bailout happens - that empty ATM image is too much to handle)
But what about this - couldn't they pair a big bailout with legislation so that it's NOT just setting up the same cyclic crap that Anon 4:06 alludes to?
they could pair the bailout with legislation. it would need to address the fundamental problem that caused all of this, greedy lenders fashioning complex financial instruments that derive their value from ordinary people who refuse to live within their means. All of those Joe 6 pack guys in the exurbs of Atlanta and Phoenix etc, driving SUVs, buying boats etc. - off of CREDIT..either home equity loans or credit cards. What a fucking house of cards. They are the ones who were supposed to pay all this back ultimatley. they couldn't. And now all of that debt, whether its a mortgage, or credit card bill, or a home equity loan, this debt, and the interest it was supposed to generate - is all a massive LOSS.
Legislation would have to do what people used to do themselves - force everyone to live within their means, and..GASP..save some fucking money.
In other words, Direct TV satellites on trailers and Section 8 apartments, buying 5 bedroom homes while you make 50K a year, family trips to the Bahamas on a credit card..etc. etc. All of that shit is OVER - its back to the 1950's..you can either pay for it, or you don't do it. Of course the legislation itself can't or won't prevent dumb asses from over leveraging themselves - (such an act would probably be unconstitutional) - but will set stricter credit requirements on lenders.
My point: this "meltdown" is actually a good thing - a la Anon 4:06 -- we needed this massive correction. BUT, the bailout is necessary RIGHT NOW to avoid, and i am serious, social disorder. And by social disorder i mean paychecks bouncing, banks failing, ATM cards not working, and a true "on the ground" depression type collapse.
Impressive, Tommy!
And I thought you were a new-jack streetcarnagefag wigger nutjob.
why do you always act so stupid boy! Take a shower and all the girls would wanna fuck u.
Tommy:
You're right on with about 2/3 of your argument, but you're missing part of the point. The bad loan to Joe6pack which he could never repay is one order of magnitude when it fails. What makes this whole thing cataclysmic is *not* just the bad loans, it's that the investment banks spun those bad loans into securities which were used as leverage for other securities which were "insured" by credit default swaps which had NO regulation or ability to pay off if things didn't, in fact, keep going up 4EVA.
J6P busting on his loan would cost some bank a couple hundred grand.
J6P busting on his loan when the theoretical repayment value of said loan has been leveraged and bubbletized 50:1 on the original value costs a dozen institutions millions of dollars.
The making of bad loans is only the bottom of the pyramid. The extent of the crisis is based on what happened next.
Mr Nigger, you ever heard of check kiting? This was mortgage kiting.
You can still write a check, can't you?
to horse
At which point did mr. nigger ask you to define the crisis, you patronizing fuck?
I have sex with roaches? Is that supposed to be a dig on the size of my wang?
Why is it you New Yorkers always have crazies on the subway? I don't think I've ever encountered such an individual left free to graze in the wild. Are these people all over the city or is the subway their designated hang out spot? Are they actually traveling somewhere or are they just hanging out? Please enlighten me, I am thirsty for knowledge.
I believe in a certain consistency in financial matters. Therefore, in bad times my finances are shit and in good times my finances are shit.
I just switch whiskies and buy more lottery tickets.
rjt: I agree - that's what I obliquely referred to as "complex financial instruments" in my comment. Yes - the proposed BN community regulation (ha) would regulate the entire "derivative" market - ie., the contractual arrangements around or concerning the sale of securities or securitized instruments. As of now they are not regulated because they are in essence private contracts. Historically we don't regulate private contracts.
The credit default swap gets all the bad press - http://www.time.com/time/business/article/0,8599,1723152,00.html - but the biggest villain of all was the way mortgage debt was repackaged into various securities - such as mortgage backed bonds, Re-Remics, CDOs, and various collateralized debt obligations. so, as you say, joe 6 pack loses job or goes on a bender, doesn't pay mortgage, house is foreclosed, sits empty, value of the neighborhood goes down, equity loans start outstripping equity, and then these bundled instruments which are a composed of all these individual defaults become "toxic." A house of cards literally built on shitty McMansions made of pressboard and glue populated many times by the very evangelical Christian Bush voting fucks that, through their political affiliations set this whole train a rollin'.
Cunty McStevens: I fuck MAD bitches shower or no shower hahahahaha. And I listen to Slayer and do drugs and think people like Jerry Hsu and Terry Richardson are geniuses. None of that means that (a) I am a dumbass or (b) I don't make money.
Holy fuck Tommy - you just downshifted from "REMICs and CDOs" to "I fuck MAD BITCHES" in like two lines. And THAT is what makes the BN community great.
Yeah, re-reading your post I realized that you were already saying 1/2 of what I went off about. I've got an itchy trigger finger because the Right Wing Noise Machine is trying to make this about bad loans made to poor dark people because the FILTHY LIBS made us do it, and it makes me fuckin puke.
So anything that sounds like it's saying the borrower was the main problem gets unloaded on. I feel better now that I'm drinking.
I'm Anon 4:06,
This time I signed in to comment.
interesting stuff from tommy and rjt.
With respect to what Mr. Nigger asked: "couldn't they pair a big bailout with legislation so that it's NOT just setting up the same cyclic crap that Anon 4:06 alludes to?"
Maybe it is possible. I'll call a spade, throw my hands up and declare that I don't know what can and can't be done. But neither do most people so you're going to have to take the word of the politicans and think tankers on "what is realistically within scope". But do you think any politicians agenda would ever be to threaten a system in which they hold and maintain power, resources and status in favour of a system that enfranchises/empowers the average American at their expense??
When I hear politicians going on about how pissed they are at Wall St. I believe them, but know this -they aren't pissed cause "Johnny America" is getting fucked by Wall St., they're pissed because Wall St. has fucked with their gravy train.
The government being in bed with corporate America is the worst kept secret since Clay Aiken's homo-ness.
They will always try and maintain the status quo, superficially making it over just enough so that the people are comfortable, and then you play the waiting game until shit is bad again. Realize: no matter what solution they come up with, even if its one where things barely change at all, it will be marketed as radical legislation that has 'fixed the problem' because thats what people need to hear to feel okay and thats what they need to do to maintain their position. Appearance v. Reality.
I am against the bailout because I think the collapse will benefit the average 'real' non-Wall st. American in a profound way. Yes there will be financial hardship and you will have to suffer, but you will also get this amazing opportunity to have a real dialogue with your failed government about re-aligning the values of the country so that its not this lopsided 'business/money above people' ethic that has been running amok. This entire blog is about you being gentrified out of brooklyn by those who are enfranchised in the current system. Your voice and anger can be a real force in ways you probably haven't seen in your lifetime because of this crisis. I mean look at, the bailout already didn't pass because for once there were politicians who were afraid of the fact they were going to have to be accountable! It wasn't the usual mindless do whatever the party says result you could bank on in times of non-crisis. In a fucked up way it was real democracy.
If your economy fails you get to re-open and renegotiate that dialogue with your government and thats a privilege you can't buy. People are so used to being voiceless. Their power is directly tied to their money and if that goes away then what? Their gang is looking weak.
Final point: They will have to constantly monger fear about how the bailout is the only solution. Its not. Its the only solution that will uphold the status quo. They will try and make you as scared as they are cause they already realize what they could be losing...
anon 7:20
C'mon, baby, don't be like that.
Surely you realized that I was comparing the known quantity to a questioned quantity and using that comparison to draw a conclusion about the questioned quantity, which I phrased in the form of a rhetorical question.
You do know what a rhetorical question is, right?
(Don't answer that.)
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