А я брахаць ня ўмею, дык і завыў - September 26th, 2008

September 26th, 2008

September 26th, 2008
07:58 am
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Fun fun fun
Today's email from WaMu: WaMu News | The holidays start today.

Today's news:
JPMorgan Buys WaMu Deposits; Regulators Seize Thrift

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TimeEvent
09:44 am
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FDIC May Need $150 Billion Bailout

It won't take many more failures before the FDIC itself runs out of money. The agency had $45.2 billion in its coffers as of June 30, far short of the $200 billion Whalen says it will need to pay claims by the end of next year.
...
A federal takeover of Washington Mutual, which has assets of $310 billion, could cost taxpayers $24 billion more, according to Richard Bove, an analyst at Miami-based Ladenburg Thalmann & Co.


WaMu failed today (see my previous post). So after this FDIC will have half the money it had...

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TimeEvent
09:49 am
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Representative Marcy Kaptur - Let's Play "Wall Street Bailout"

http://www.youtube.com/watch?v=S27yitK32ds
Transcript: http://www.carrborocitizen.com/main/2008/09/25/for-the-record-92508/
For 30 years in one financial scandal after another, Wall Street game masters have kept billions of dollars of their gain and shifted their losses to American taxpayers. Once this bailout is in place, the greed game will begin again.

thx [info]princeofspace

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03:53 pm
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Bingo cards for tonight debate
1 2 3 4 5

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04:52 pm
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Golden Arches Safer Than Uncle Sam?
http://seekingalpha.com/article/97571-golden-arches-safer-than-uncle-sam
Word on the street is that the credit risk of the Golden Arches are better than Uncle Sam.
VS.

5 Year Credit Default Swaps on McDonald’s Corp are trading at 24 to 29bp while US Credit Default Swaps are trading 30bp. This means that it is more expensive to buy protection against a default of the US government than a bankruptcy of Mickey D.

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11:12 pm
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Get Shorty!
Americans have trouble with long words. So it shouldn't be surprising that my highly scientific analysis of the last 10 presidential elections shows that in 8 7 of 10 the winning ticket was the one where the combined length of the last names of running mates was shorter. The rule is "Whichever ticket has the shorter combined length wins, except for Democrats running with Clinton on a ticket or against Bob Dole, when they win anyway" :)

1968 NixonAgnew HumphreyMuskie
1972 NixonAgnew McGovernShriver
1976* CarterMondale FordDole
1980 ReaganBush CarterMondale
1984 ReaganBush MondaleFerraro
1988 BushQuayle DukakisBentsen
1992** ClintonGore BushQuayle
1996* ** ClintonGore DoleKemp
2000 BushCheney GoreLieberman
2004 BushCheney KerryEdwards
*Bob Dole on the R ticket
**Bill Clinton on the D ticket

Based on that, we can predict that Obama/Biden will win over McCain/Palin.

Update - the 1992 data was incorrect; as a result, the Clinton rule was added...

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