3. I've found a Japanese game show that could easily be addapted to the United States - the participants would be selected from the executive management at bailed out financial institutions:
. Next Fed move: Coke & BJ's all around! No WONDER the banks are holding out. Shouldn't have telegraphed their next move. Oh well. There's always next year.
Or, they could threaten to revoke their charters, investigate the Hell out of them, prosecute them for fraud, or tax them into submission. Maybe Gitmo? Or a serious ass-kickin, until they start lending US OUR MONEY. F*ckers!
Thank Gawd Hillary has the cojones to stand up and fight this woman who is trying to use sympathy and family connections and a vague promise of liberalism to become a NY Senator.
Must be like pissing on the mirror. .
wearing out my F key
· 11 months ago
hahha. good point.
Smartypants
· 11 months ago
We are so screwed. This is exactly what the Japanese did several years -- dropping interest rates to zero. It leaves no room to maneuver in response to future developments.
Nakhone Keodara
· 11 months ago
DINING FOR EQUALITY: Yes on Love, No on H8!
FOR IMMEDIATE RELEASE Gays United Network (Gays (UN)) is sponsoring a fundraiser for a broad spectrum of gay rights organizations including, but not limited to, Marriage Equality USA, Truth Wins Out (TWO), Equality Camp, Lambda Legal, GLAAD, NGLTF and GLN.
"We wanted to celebrate LOVE by throwing a party to help stimulate the economy and raise funds for GLBT organizations during this economic downturn," said Nakhone Keodara, founder of Gays (UN), and an organizer of the V-Day Fundraiser aptly named Dining for Equality: Yes on Love, No on H8!
Nakhone conceived the idea after reading an open letter from Wayne Besen, executive director of TWO, asking the Gay community to help pay for an Ad titled Lies in the Name of the Lord that was taken out in the Salt Lake Tribune in response to the anti-gay ad that No Mob Veto.Org ran two weeks ago in the New York Times. "We have to cover all our bases and support our fellow brother organizations fighting on all fronts--be it in the media, through direct actions or public education campaigns, in the Courts and the Legislatures," said Nakhone. He continues, "We also need to fight this battle from the emotional and psychological angles in order to win hearts and minds."
Gays (UN) is calling on the Gay, Lesbian, Bisexual and Transgender community and Straight allies to take part in DINING FOR EQUALITY: Yes on Love, No on H8 fundraiser set for Valentine's Day, Saturday, February 14, 2009. DINING FOR EQUALITY is designed to highlight that Gay Marriage is about LOVE. Nakhone points out, "This fundraiser is to help our community organizations raise awareness and to continue diversifying our Movement’s fight for fairness and equality."
Gays (UN) plans on recruiting businesses from both the corporate and private sectors to participate in this event. Gay owned businesses and Gay friendly businesses are encouraged to participate in this fundraiser by signing up to donate 5% of all sales revenues derived from the Valentinettes going out and dinning from 5 p.m. to Midnight on Valentine's Day to designated Organizations. Corporate partners can either opt to donate gift baskets to local house parties being held across the country that night or donate directly to Gay organizations of their choice in observance of the fundraiser.
Local restaurants and eateries can advertise their participation in this fundraiser by putting up a DINING FOR EQUALITY window decal. A running list of all businesses that have signed onto the fundraiser will be listed on the Gays (UN) website.
Everyone is encouraged to help get the word out and raise awareness of this event by putting up yard signs, drive around with bumper stickers, blog about it, share it in your profiles on Facebook, Myspace, Twitter, Blogger and other networking sites.
enjoy your 5% rally today. it's the last one of it's kind.
KerrynowCampau
· 11 months ago
Brilliant! Rate cuts have proven to work so well (snark)
Eclectablog
· 11 months ago
It's ironic. I listened to a "This American Life" episode called "The Giant Pool of Money and it was their contention that it was the Fed's lowering of the prime that got us into this mess in the first place. Because parking money short-term in places where the interest rate was tied to (or equal to) the prime rate became so "un-lucrative" due to the very low rates a few years back, investors started looking for new places to put their money for a day or five that would earn a higher return.
That's not a problem, of course. The problem arose when banks saw this pent up hunger for new investment opportunities and started creating new ones, many of them based on mortgages. Soon the hunger for mortgage-based investments grew to enormous levels, incentivizing the financial groups to create more new instruments to the point where any mortgage was attractive, even ones that weren't actually attractive.
So, apparently, the solution to the problem created by too low a prime rate is to take the prime rate as low as it can possibly be.
OT... is there any way we could convince chimpy to add commorative objects to his upcomming 'library'?
if only we could get a hold of that reporter's discarded shoes... wouldn't that be a fitting exhibit in chimpy's library?
simply titled exhibit "W's Legacy"
woodka
· 11 months ago
shorter Fed: We got nuthin'
Bush_Bites
· 11 months ago
Controlling the economy through Monetary Policy is not working.
The Supply Siders have shown themselves to be bankrupt of ideas.
The Keynesians have won.
boloboffin
· 11 months ago
Political cartoon: Japan as Captain Ahab, lashed to the White Whale (labeled 0%), beckoning his sailors (Bernanke, Paulson, Cox) to join the chase once more.
Fireblazes(CheetohsandCatfood)
· 11 months ago
Funny, not a single one of my debts has had its interest rate reduced. Even though the banks get the money for free. Oh well, I guess it is just a stern reminder that we are all peasants and serfs to the wealthy. We all need to be thankful to the wealthy land-Barons for the honor of owing them.
KerrynowCampau
· 11 months ago
In the comments here a week or two ago some people were saying their credit card interest rates had gone up and they hadn't even been late or over their limit.
Just a preview of things to come......
Fireblazes(CheetohsandCatfood)
· 11 months ago
It makes total sense! Welcome to "Wonderland".
MNPundit
· 11 months ago
And what else could the Fed do? Seriously, do they have any other options?
Mighty
· 11 months ago
The economy needs help on multiple fronts. I understand giving the cash to the banks cause if they flop then individuals and other business will flop. It would be a domino effect IMO. I think once Barak gets in office we will see more help for individual people probably in the form of work projects. I had heard somewhere he has already planned some. I can't remember where I heard that though.
dula
· 11 months ago
Who is getting this great 0% interest rate? I have A number 1 credit but could only get 6.9% on the car I purchased last year...before that I always got no higher than 3.9% though my credit score has gotten better and better(up over 800 now.) I want to refinance the car to bring down my payments but nobody wants to play.
All Comments
1. It's been very interesting to read the commentors reaction to this over at CR:
http://www.calculatedriskblog.com/2008/12/fed-f...
2. Moodys now thinks prepackaged bankruptcy in the most likely outcome for GM:
http://www.marketwatch.com/news/story/Moodys-se...
3. I've found a Japanese game show that could easily be addapted to the United States - the participants would be selected from the executive management at bailed out financial institutions:
http://www.youtube.com/watch?v=bmMEddx9w-I
Next Fed move: Coke & BJ's all around! No WONDER the banks are holding out. Shouldn't have telegraphed their next move. Oh well. There's always next year.
Or, they could threaten to revoke their charters, investigate the Hell out of them, prosecute them for fraud, or tax them into submission. Maybe Gitmo? Or a serious ass-kickin, until they start lending US OUR MONEY. F*ckers!
Thank Gawd Hillary has the cojones to stand up and fight this woman who is trying to use sympathy and family connections and a vague promise of liberalism to become a NY Senator.
Must be like pissing on the mirror.
.
FOR IMMEDIATE RELEASE Gays United Network (Gays (UN)) is sponsoring a fundraiser for a broad spectrum of gay rights organizations including, but not limited to, Marriage Equality USA, Truth Wins Out (TWO), Equality Camp, Lambda Legal, GLAAD, NGLTF and GLN.
"We wanted to celebrate LOVE by throwing a party to help stimulate the economy and raise funds for GLBT organizations during this economic downturn," said Nakhone Keodara, founder of Gays (UN), and an organizer of the V-Day Fundraiser aptly named Dining for Equality: Yes on Love, No on H8!
Nakhone conceived the idea after reading an open letter from Wayne Besen, executive director of TWO, asking the Gay community to help pay for an Ad titled Lies in the Name of the Lord that was taken out in the Salt Lake Tribune in response to the anti-gay ad that No Mob Veto.Org ran two weeks ago in the New York Times. "We have to cover all our bases and support our fellow brother organizations fighting on all fronts--be it in the media, through direct actions or public education campaigns, in the Courts and the Legislatures," said Nakhone. He continues, "We also need to fight this battle from the emotional and psychological angles in order to win hearts and minds."
Gays (UN) is calling on the Gay, Lesbian, Bisexual and Transgender community and Straight allies to take part in DINING FOR EQUALITY: Yes on Love, No on H8 fundraiser set for Valentine's Day, Saturday, February 14, 2009. DINING FOR EQUALITY is designed to highlight that Gay Marriage is about LOVE. Nakhone points out, "This fundraiser is to help our community organizations raise awareness and to continue diversifying our Movement’s fight for fairness and equality."
Gays (UN) plans on recruiting businesses from both the corporate and private sectors to participate in this event. Gay owned businesses and Gay friendly businesses are encouraged to participate in this fundraiser by signing up to donate 5% of all sales revenues derived from the Valentinettes going out and dinning from 5 p.m. to Midnight on Valentine's Day to designated Organizations. Corporate partners can either opt to donate gift baskets to local house parties being held across the country that night or donate directly to Gay organizations of their choice in observance of the fundraiser.
Local restaurants and eateries can advertise their participation in this fundraiser by putting up a DINING FOR EQUALITY window decal. A running list of all businesses that have signed onto the fundraiser will be listed on the Gays (UN) website.
Everyone is encouraged to help get the word out and raise awareness of this event by putting up yard signs, drive around with bumper stickers, blog about it, share it in your profiles on Facebook, Myspace, Twitter, Blogger and other networking sites.
Lastly, Gays (UN) is asking that organizers step up to help recruit local businesses to participate in this effort. For more information, go to www.gaysunitednetwork or http://www.facebook.com/event.php?eid=53707876116. Nakhone can be contacted at nakhone@gaysunitednetwork.org.
That's not a problem, of course. The problem arose when banks saw this pent up hunger for new investment opportunities and started creating new ones, many of them based on mortgages. Soon the hunger for mortgage-based investments grew to enormous levels, incentivizing the financial groups to create more new instruments to the point where any mortgage was attractive, even ones that weren't actually attractive.
So, apparently, the solution to the problem created by too low a prime rate is to take the prime rate as low as it can possibly be.
Amazing.
=-=-=-=-=-=-=-=-=-=-=-=-=
Coolest and most unique Obama Photo Mosaic Image on the net.
if only we could get a hold of that reporter's discarded shoes... wouldn't that be a fitting exhibit in chimpy's library?
simply titled exhibit "W's Legacy"
The Supply Siders have shown themselves to be bankrupt of ideas.
The Keynesians have won.
Just a preview of things to come......