CONTACT INFORMATION :

About Me:
Real Name: Duncan Black
Age: 37
Location: Philadelphia

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Afternoon Thread

enjoy

 
Stupak

Awhile back Dan Savage coined a new word, or at least a new meaning for a word.

Suggestions for Stupak?

 
We Ate It

The press likes to talk about the tremendous bank bailout success - paid it back with interest! - but that's only if you ignore the failures and likely future failures...

 
Afternoon Thread

enjoy

 
I Vote Anti-Woman Panty Sniffing Monster

What do you think?

 
WATB

Brave Tom Tancredo runs away...

 
The Worst Person In The World

Bart Stupak.

I do not know why some people think women shouldn't have access to appropriate medical care. Something is wrong with them.

 
That Was A Big One

Just getting around to skimming the FDIC press releases.

As of October 23, 2009, United Commercial Bank had total assets of $11.2 billion and total deposits of approximately $7.5 billion. East West Bank paid the FDIC a premium of 1.1 percent for the right to assume all of the deposits of United Commercial Bank. In addition to assuming all of the deposits of the failed bank, East West Bank agreed to purchase approximately $10.2 billion in assets of the failed bank. As part of the purchase and assumption agreement, the FDIC transferred to East West Bank all qualified financial contracts to which United Commercial Bank was a party and those contracts remain in full force and effect.

The FDIC and East West Bank entered into a loss-share transaction on approximately $7.7 billion of United Commercial Bank's assets. East West Bank will share in the losses on the asset pools covered under the loss-share agreement. The loss-share arrangement is projected to maximize returns on the assets covered by keeping them in the private sector. The agreement also is expected to minimize disruptions for loan customers

 
Morning Thread

The ebola virus moved from my computer to me.

FDIC had a late night feast, eating:

Prosperan Bank, Oakdale, MN

Gateway Bank of St. Louis, St. Louis, MO

United Commercial Bank, San Francisco, CA

 
Overnight



Folk On.

 
Evening Thread

 
EATED

Home Federal Savings Bank, Detroit, MI gets EATED.

little amuse-bouche of a bank.

 
If It's Friday...

United Security Bank, Sparta, GA gets EATED.

 
Every Little Thing

I didn't like George Bush and pretty much every little thing he did annoyed me, but I didn't think everything which annoyed me was somehow a big deal. But the right really just goes after every little thing because they know that eventually drudgico will pick some of it up and Chuck Todd will be blathering about it. Back in the day we'd be like uh, hey, uh, isn't torture, you know, bad? Now they have to settle for "some phrase I dislike for reasons I cannot articulate."

 
Village Think

The Villagers all declared that having two more solid HCR votes in the House would make it harder to pass. Either that or they think governors get to vote. Anyway, duh.

 
Crappy Policy

Extending unemployment is good, but the attached homebuyers' tax credit sucks and is expensive. Oh well.

 
Afternoon Thread

enjoy

 
Blue Doggery

The thing is that the media will generally let them get away with these contradictions. Everyone knows liberals just like to raise taxes and spend lots of money on useless crap, so a liberal supported health care plan must cause the deficit to increase. Only the brave Blue Dogs, fresh off voting to spend billions for more Freedom Bombs, can save us from that fate.

 
Oops. My Bad.

Former Citigroup guy John Reed, force behind Glass-Steagal repeal, actually apologizes for it.

Apologizing isn't exactly a difficult thing to do, but it's so rare that any of our elites admit any responsibly for anything.


Obviously the only way he can fully make amends is by donating a substantial portion of his fortune to a certain baby blue blogger.

 
3 Pictures

I know supplemental war funding is technically "free," but perhaps we need some non-free extra stimulus instead...

 
Making Stuff Up

It's what they do.

 
No We Can't

It's a bit depressing that the types of big and important infrastructure projects, things that were commonplace a hundred years ago, seem like impossible dreams. And Krugman's obviously correct that high unemployment will lead some to conclude that Hoover was right.

I know not everyone shares my personal infrastructure priorities, but I don't think it's especially controversial to say that we don't do much thinking big anymore. At least the second trans-Hudson rail tunnel will likely be built, though I'm not so sure about New York's 2nd avenue subway.