А я брахаць ня ўмею, дык і завыў - September 26th, 2008
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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
Tags: shmeconomy
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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...
Tags: shmeconomy
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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 princeofspace
Tags: shmeconomy
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03:53 pm
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Bingo cards for tonight debate 1 2 3 4 5
Tags: it's hard to maintain an election
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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.
Tags: shmeconomy
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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...
Tags: it's hard to maintain an election
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