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    BofA carries loans $44 billion above market value

    I guess marking them to market is an option. I've always thought it weird how some asset classes you have to mark, and others not. I suppose there is some rhyme or reason to it.
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    Obama Declares War on Investors

    Hmm, how would you feel about going back to the salary you had in the Clinton years? that wouldn't be a paycut, right? that would be allowing those un-tenable pay raises and promotions (that you worked your ass of to get and keep up with inflation) to expire and return to normalcy.
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    Berkshire Hathaway Annual Letter -- Best Quotes

    reading ther report now. good stuff.
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    FDIC sells toxic assets in public-private partnership

    I'd buy them for myself if they were in small enough denominations, and the govt backstopped them like they are for banks & big investors. That's like free money! however, I think normal individuals wont get to get a piece of this. (Well, only the tax bill for the backstop).
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    Some Energy Hints from Bone

    ERCOT is really slow too. VOlatility practically gone.
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    relax - you are not paying for squat!

    You and 200 million other lazy and unmotivated people who "deserve" everything just for existing. what's funny is those wo contribute the least often have the greatet sense of entitlement. They are extremely generous with everyone else's money. I'd rather pay less tax and spend my money in...
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    relax - you are not paying for squat!

    huh???? They're raising my taxes as soon as he can. Are you not listening to the news? Also, "allowing tax cuts to expire" is the same as taxing me more than if he didn't. what if your employer let your raise expire? would that be a paycut or not? Not even to mention taxing my savings through...
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    Shittybank wires $27MM to Nigerian Scammers

    Awesome. I like it. That's real entrepreneurial spirit.
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    Some Energy Hints from Bone

    For those of you in HR's: How are you pricing the heatrate? How about once you have in on? Are you marking just on other HR transactions in the market, or are you marking the implicit gas & power legs daily? just curious.
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    Switzerland-bankrupt!

    Are you proposing that the banking dilemma is all hype so that some entity can get into Francs, or are you proposing that some entity effected the sacrifice of the swiss banks somehow in order to get into francs cheaply?
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    Switzerland-bankrupt!

    Actually very surprising to me that the swiss banks would extend themselves as alleged. It's not like they are new to the banking business. There must be more to it. Can't imagine anyone betting the house on a 3rd world housing boom.
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    man on bus says banks in trouble

    Unsettled weather continues in the Pacific Northwest today, while the High Plains and Southwest should be warm. Some locally heavy rain is possible on the western slopes of the Cascades westward to the coast, with gusty winds expected along the Oregon Coast. It was heard that some guy in...
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    Obama to announce increase in taxes for businesses and wealthy

    Your insistence on such a stupid opinion vexes me. People inheriting the family farm or business have usually had to work their asses off on/in it from a very young age, and usually without any pay until they are of age. So the government deserves it? because they worked so hard to deserve it...
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    Government Contracts..

    HA HA!!!! good one.
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    Consumer spending

    I like it. (not that the chinese couldn't immedeately do the same for their companies, but anyway). I'll take it one step further: make the US a superior place to do business for all businesses, not just manufacturing. Not at the expense of civil rights or harm to the planet, of course...
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    Consumer spending

    I struggle with this. I totally agree that everyone should have a relatively good paying job (relative to the value they create). How to get there is what I can't divine by myself. "Good paying jobs" and limiting consumptions choices to only those items produced by people with "good paying...
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    Consumer spending

    Why? Because of the way the boomers will continue to vote? serious question.
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    Consumer spending

    ^ oh, wanted to add something about buying missiles without having any money. They can have an excellent Return On Investment if their purpose is to literally expand the economy by annexing other economies, either by force or threat (way greater ROI if by threat). While a fairly sure-fire way...
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    Consumer spending

    Your question seems sincere (and I'm kinda bored), so I’ll hammer out a quick & elementary primer on the components of our GDP: In the classical sense, the other options besides consumption are government purchases, net exports and (my favorite) investment. So, the govt could buy itself...
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    Why I think this will be worse than the Great Depression

    What makes you think this? is there an event or circumstance you're thinking of that would trigger this?
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