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the wheels have finally come off...

the McCain bus now that he has made Joe the bumbler his official spokesman...who is more than willing to tell you what he thinks as long as you don't ask him what he bases his opions on...who is paying this guys bills while he tours with mccain-paleone campaign...

 

on a different note...is McCain sending out coded messages to his sleeper cells to begin their plans to assasinate Obama and secure the throne for Julius McCain...the vaguely vailed hate speech eminating from the likes of Sara "caribou barbie" Palin and McCain is doing as much to bring out the crazies and incite them to horrendous acts against this country...Sean Hannity should be looking into the terrorist tactics of this group...is John McCain just carrying out the orders that his communist programmers hardwired into his brain in the Hanoi Hilton...after all he did sign a confession that he was indeed a "war criminal".  Yet they will tell you about how he endured all kinds of torture rather than be freed before his comrads...think "Price" from Stalag 17....

 

McCain can only raise his arms up to shoulder level because that's all the higher you need to salute Sieg Heil...

 

Vote this man into office if you want to send this country completely off the precipice into the yawning chasm of desolation and dispair...in all probablity Palin, after winning the election, would probably bite off McCains head and suck out what's left of his intestinal fortitude...

 

Anybody wearing a McCain pin or sporting a bumper sticker, or lawn sign is actually a Rebumblican Zombie awaiting orders to start eating liberal flesh...be sure and shoot the head because they have no guts, but aim carefully because the brain is so small it can be easily missed...

 

If there is one thing this election is showing me...

is that an entire political faction can be so completely embodied by ignorant misinformed and mentally challenged individuals...McCain-Palin along with the likes of Sean Hannity should be totally ashamed of the way they have decontextualized this event with lies, half truths and race bating...so much so as to have completely terrorized the Rebumblican constituency to the point that the opponent must truly fear for his life...The conservative party has truly turned themselves into a characture of what it must have been like in 1939 nazi germany...

 

Oh, the shame...

Clouded waters clear with time...

Ellen Schloemer, executive vice president of the Center for
Responsible
Lending Self-Help Credit Union in North Carolina, disputed two reasons
many people are blaming for the subprime mortgage mess.
   One is the Community Reinvestment Act, a 1977 law that encourages
borrower
activity in low- and moderate-income neighborhoods.
   "How people can think that a law that's been on the books for 30
years
somehow precipitated or caused the subprime crisis is frankly just
beyond
me," she said. "I think it is a smokescreen. CRA did not apply to most
subprime lenders."
   Also being scapegoated, she said, are Fannie Mae and Freddie Mac.
Although
the two institutions did buy too many risky home loans, their volume
was
dwarfed by those in the private market, she said. "I think it's
political
nonsense to blame things not at fault."

 

 

Wall Street investors experienced a sudden surge in optimism Tuesday

NEW YORK—Wall Street investors experienced a sudden surge in optimism Tuesday when, after six tumultuous weeks that saw record drops in the Dow Jones industrial average, a $1 bill was spotted on the floor of the New York Stock Exchange.

The dollar bill was discovered in the northwest corner of the trading floor at approximately 12:05 p.m., and its condition was reported as "crinkled, but real." Word of the tangible denomination of U.S. currency spread quickly across the NYSE, sending traders into a frenzied rush of shouting, arm-flailing, hooting, hollering, and, according to eyewitnesses, at least one dog pile.

"With credit frozen and the commercial paper market poised on the brink of collapse, this is the most promising development I've seen on Wall Street in months," said floor trader Tim Formato, one of hundreds who gathered around the $1 bill and excitedly called their clients to inform them that they were looking at actual U.S. tender. "I think I touched it."

According to witnesses, the trading floor was soon abuzz with energy, as traders pointed at the dollar and repeatedly shouted "Look!" and "Money!" A proposal to divide the $1 note into 1,300 equal pieces and distribute them amongst investors was considered, but ultimately rejected. Early reports estimate the dollar may have passed through as many as 65 hands before disappearing in the late afternoon.

The bill's absence, however, did not deter the growing enthusiasm from those on the trading floor. By 2:15 p.m., more than 60,000 shares had been purchased in the new publicly traded asset, DLR, after brokers placed a flurry of calls advising their investors to buy into the booming single-dollar market.

By the close of day, economists were estimating the dollar bill's net worth at just under $270 million.

"We couldn't be in a better situation right now," trader Patrick Kady said. "Unless of course it had been a euro."

However, some financial advisers are warning against the rampant speculation the dollar has caused on Wall Street. Many have cautioned investors not to make rash decisions, such as liquidating all their low-risk government bonds in order to sniff the green paper bill for just a minute.

"I bet it smells like rose petals," mutual funds specialist Ken Stoute said. "My friend's friend Tim Formato? He's on the board at Westminster Securities and he says he touched it. He said it was warm and soft and wonderful. He said he knows where it is now, and I can put in an option on seeing it tomorrow for only $85."

Since the appearance of the dollar, the Dow has spiked an impressive 993 points—its largest gain ever. Initial numbers are showing the most sizable rises in technology stocks, a trend some are attributing to Microsoft's CFO Chris Liddell, who toured the trading floor Tuesday morning with the bill stuck to his left shoe.

The overall projection for the market following the incident has been positive, with many analysts claiming that the $1 bill may be an indication of other spare change lying around. This, coupled with reports out of Europe that there is a German college student who has not yet hit her credit card limit this month, could be enough to stabilize the Dow and jump-start the global economy once again.

"This is just another sign that the U.S. economy is as strong and resilient as it has ever been," said Richard Fuld Jr., former CEO of Lehman Brothers. "I'm just glad we finally have these credit and subprime mortgage loan crises behind us. This $1 bill will carry us through another 10 years of reckless, unregulated borrowing."

For the second time this year...

Vice President Dick Chaney was rushed to the hospital after his 24 hour medical team detected a heart beat...the VP was quickly rushed into the ICU where an electrical charge was applied that quickly ceased the pesky muscles' ominous rythem...the last time this happened 20,000 people died instantly and three small towns were completely oblitereated...

Precocious Youngster Sells Cookies To Buy Attack Ad

Precocious Youngster Sells Cookies To Buy Attack Ad

The quintessential McCain supporter...

not just another McCain girl...a McCaniac...

Just when was it that the Rebumblican party was taken over by Nazis...

even as McCain attempts to calm the near facist hysteria that his running mate Sarah "Goebles" Palin is attempting to spread, he is booed by his lemmings when he tries to bring this contest back into the realm of reality...

Sarah Palin in 4 Minutes

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If there are any Rebumblicans...

who are watching John McCain talk and still don't see that he is a bumbling old fool, who is out of touch with reality they are as lost as he is...especially when he seems to be stuck  almost alsheimersly on the mantra that the surge worked in total disregard for what is now the circumstances on the ground in Iraq...his rambling responses and imbecilic train of thought make Rain-man seem like the greates orator of our time....

SARAH PALIN DEBATES BLOG MONKEY! WINK!

somehow this made sense to McCain....

apparantly the new rebumblican paradigm is...

if you can't argue the facts, use sleazy attacks...Sarah has rubbed off the lipstick and revealed the inner pig...by trying to swift breast Obama with his supposed association with a domestic terrorist...who is presently a tenured professor at an accredited univeristy...apparantly the only youthfull indescretions that can be overlooked are on those of the uberright...Bush was never pressed on his cocain use or alcoholic frolics not to mention that he was a C student in school...or McCains drunken wench chasing days that deposited him at the bottom of his academic class...besides McCain was known to have hung out with a bunch of communists when they honored him with a room in a prestigeous hotel in Hanoi...anybody can distort the facts to their own means...just because you're a MILF doesn't get you a pass in my book...

 

Joe Biden should have an easy time of it until...

the bathing suit competition...

Boo Hoo...

Nancy Pelosi hurt all the little rebumblicans feelings and they started crying...they grabbed their little balls and ran home...handing W a personal loss so great that his adiministration may go down as the worst in the history of the U.S.  My portfolio will surely recover, probably better than ever once the Democrats take control of the country from the incompetant...

Dangerous Forces of Nature...

Voting is Sexy

bonanza...

WaMu operations sold to J.P. Morgan after regulators seize control of Seattle bank

South Florida Business Journal - by Eric Engleman and Brian Bandell

J.P. Morgan Chase bought the bulk of Washington Mutual's banking operations Thursday in a deal orchestrated by federal regulators who had seized control of the troubled thrift.

If J.P. Morgan Chase keeps WaMu's South Florida branches, it will emerge as a major new competitor in the region. WaMu had 125 branches and $8.8 billion in deposits in the three-county South Florida market on June 30, 2007, according to the FDIC. That placed it third in South Florida in both categories, behind Charlotte, N.C.-based rivals Wachovia and Bank of America.

In a sign of the WaMu's worsening condition, regulators said it had lost $16.7 billion in deposits since Sept. 15. Saying WaMu had insufficient liquidity to meet its obligations and was "in an unsafe and unsound condition to transact business," the federal Office of Thrift Supervision closed the bank and appointed the Federal Deposit Insurance Corp. as receiver. The FDIC held a bidding process that ended in the sale to J.P. Morgan.

WaMu had a 6.13 percent nonaccrual rate in its $52.9 billion option adjustable rate mortgage portfolio in the second quarter. In a list of metropolitan areas in the portfolio, South Florida's three counties had the highest delinquency rates with Miami-Dade performing the worst, at 12.84 percent. These are loans were borrowers can pay less than the monthly accrued interest for a period of time.

WaMu's shares plunged to 45 cents in after-hours trading Thursday as reports of the company's acquisition began circulating through the media. The stock was worth $1.69 at the close of trading Thursday. The 52-week high for WaMu shares was $36.47.

The FDIC said that people with WaMu loans should continue making their payments, as their agreements are still in force. As for interest rates, JPMorgan Chase will review those rates for WaMu customers starting Friday.

While all details of the deal weren't clear, J.P. Morgan Chase & Co. (NYSE: JPM) said it will pay $1.9 billion to the FDIC to acquire WaMu's deposits, branches and a loan portfolio valued at $176 billion. J.P. Morgan anticipates write-downs of about $30 billion on the loans. The acquisition doesn't include some assets and liabilities, which would remain in the holding company,