Thursday, March 20, 2008
Villain of the Week
Credit is the new Neocon
Failed deal? Blame credit. Ailing high street sales? Blame credit. Lost your house? Blame credit.
Hellish traffic jams on your journey out of the capital for your Easter break? Blame credit.
3 Comments:
By 
, at
Thu Mar 20, 09:19:00 AM:
Let the scape-goating begin. For myself, no expert at all in the troubles Bear has had, but having watched First Pennsy fail up close and personal in my first year out of college the Bear Stearns debacle looks very familiar.
A wire house who over the last twenty years started building up non-trading assets in it's balance sheet the way Bear did should be regarded at least as a commercial bank in some respects, and any bank that funds long-term fixed income assets (like mortgages, however synthesized) with short term money is running a huge risk. Don't these guys have matched books? What gives in the risk management group anyway!
By 
Christopher Chambers, at
Thu Mar 20, 04:23:00 PM:
I have a better one, restated in it's entirety and a Happy Easter/Hope your NCAA Brackets Work Out to all:
McCain Aide Suspended for Relaying Video
Thu Mar 20, 3:55 PM EDT
Republican John McCain's campaign suspended a staffer who sent out a provocative video linking Democratic presidential contender Barack Obama to the comments of his spiritual mentor, the Rev. Jeremiah Wright.
The staffer, a low-level aide named Soren Dayton, sent out a link Thursday to the YouTube video, titled "Is Obama Wright?" on the social messaging Web site Twitter.
The campaign suspended him a few hours later, although it wouldn't say for how long.
"We have been very clear on the type of campaign we intend to run and this staffer acted in violation of our policy," campaign spokeswoman Jill Hazelbaker said. "He has been reprimanded by campaign leadership and suspended from the campaign."
Last month, McCain swiftly denounced the comments of a radio talk show host who, while introducing McCain, repeatedly called Obama by his middle name of Hussein.
The Politico, a Washington-based newspaper, reported that the two-minute video was the work of Lee Habeeb, a former producer of the Laura Ingraham Show, a conservative talk program. In the video, Wright's most incendiary remarks are mixed with snippets from Obama speeches and interviews, which are edited to make the senator seem to be sputtering and unpatriotic.
By Charlottesvillain, at
Fri Mar 21, 03:05:00 AM:
I found the title of this post misleading and, frankly, slightly offensive.
