This was a fave caps red thumb back in the day. Guess this is why: [more]
I get the occassional phone call requesting information about Mr. Stone. I don't have a lot to say about him, but since I got one of these calls today (which caller I referred to the internet for more info), I'll just repost some Jeffrey Stone classics. [more]
Just wondering, because a map I found through a link on Brokamp's blog shows that the DC area has pretty much the highest concentration of high income counties in the U.S.A. [more]
A lot can get lost in translation. [more]
So wait, the government throws a bunch of money at homebuyers to get them to buy houses at inflated prices. They sort of do for months, and then, when it appears the free money might end, they engage in a little panic buying to get that free money.
And this surprises Mr. Market? And this convinces Mr. Market that an bump built on market-distoring taxpayer-funded handouts means a sustainable... a sustainable what, exactly?
Isn't that just so great of them? After all the billions of government handouts they took? After all the excuses they made claiming they didn't need them, or even, haven't benefitted. After the CEO shoved his foot into his mouth all the way up to his groin making ridiculous defensive statements such as Goldman is doing God's work... After hijacking a nice supply of H1N1 vaccine because Goldman employees are too important to wait in line at public clinics like everyone else... [more]
That's what he's saying here. [more]
Congress seems to have gotten one right here. Let's hope they get it done. [more]
As we may have discussed here in the past. Comrade BO uses his staff of whitehouse bloggers to fight back against any media reports that dare question the White House's official, sunny estimates of the usefulness of the billions in stimulus money rammed through congress. [more]
The Chinese must be desperate indeed if they're willing to buy the same pigs in the same pokes -- that is, buying the same lousy, opaque, risky mortgage-backed assets. First ya gets burned on the stuff bundled by the banks. Now you're going to buy the small and medium sized banks themselves? The ones that are setting up for massive waves of failure as commercial loans head south? [more]
I've already pointed you toward a nice article that shows how 98 U.S. Senators and the vast majority of U.S. reps voted to hand billions of dollars toward the crooked homebuilders who helped inflate the housing bubble. Review the handouts here. [more]
Incredible. One of the main reasons healthcare costs keep heading through the roof is that Doctors are under constantly increasing pressure from their patients to give them drugs they see in ads. “Ask your doctor about Greedoxiacil! The little yellow pill that buys yachts for our CEO!” Since doctors don't have the time to undo the indoctrination the drug companies and advertisers have put over on gullible consumers, they often just roll over. Insurance companies can do little to fight the effects, because even when they institute co-pays to try to nudge people into taking on lower-cost therapies or generics, the drug-makers distribute coupons to doctors or via other means to nullify the co-pay, making it seem to consumers that the name brand, or the latest thing, costs the same as the alternative. Of course, behind the scenes, the insurance company might be forced to pay 10x as much to cover the expensive drug that the person doesn't likely need. But since that cost is hidden to the consumer, they stupidly assume they don't pay it. Until health insurance is too expensive, because of course, these costs get passed on to consumers through rising premiums. But at that point, there are 7 degrees of separation between the consumer's behavior, the drug companies greed, the doctors' complacency, and the greedy media, including Google and Yahoo! who want a slice of the advertising revenue, never mind that drug advertising is restricted for perfectly sound reasons, and never mind the obvious contribution to the health care problem that threatens to bankrupt the country. Yahoo!, you get a pass because you never claimed to be anything other than evil. But Google, this is just more proof that you don’t walk the walk. [more]
I don't normally plug my service here, but I'm proud of the stuff we're doing at HG, so here it is. [more]
From the hilarious FAQ of a certain scammy-looking website being currently spammed on TMF comment threads. [more]