thoughts eclectic

Sep 30 2008 ∞
PhotoAlt
First Hawaiian rainbow II
+ ∞
PhotoAlt
First Hawaiian rainbow
+ ∞
PhotoAlt
Palin’s foreign policy experience, via images.huffingtonpost.com
Sep 29 2008 ∞

Don't know much about...

+ ∞
PhotoAlt
Braun’s 2-run HR.  Wow.
Sep 28 2008 ∞
“ This is a plan that assumes that the government can buy enough bad debt at above market prices to bail out the banking system. Since as long as the government is willing to spend above market prices (and by market I mean “what other banks would pay for this crap”) banks won’t sell it to each other, the government has taken on an open ended obligation. If the pile isn’t that large, then a trillion or so may be enough. But if the pile is much larger than that, and it is, then the government will have to keep ponying up money over and over again. It won’t be limited to the original 700 billion, or trillion, or whatever. It will be an ongoing program that the market will become dependent on.
— Congress Reaches a Bailout Deal: 90% of the Suck You Were Expecting
+ ∞

Uecker Calls the Brewers Win

+ ∞
PhotoAlt
Best Spam Subject line ever
+ ∞
“ The logic of the bailout appears to be that if you recklessly loan too much money to people who probably can’t pay it back, you’ll be taken care of. Of course, if you happen to profit, you’ll get to keep those profits, but if you lose out, you’ll be taken care of. If you recklessly borrow money that you can’t pay back, the Congressional Democrats will work to make sure that the bailout package includes some relief for you. Because, really, why should saving instead of borrowing be regarded as a virtue? And if you wisely save money instead of either lending too much or borrowing too much, then you get to bail out the lowlifes who borrowed too much and loaned too much.
— Thoreau, Why play anything safe ever?
Sep 26 2008 ∞
PhotoAlt
Hawaiian shirts