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  1. M

    The Obama Years....More Debt Than The First 232 Years of the US As a Nation

    http://bloomberg.com/apps/news?pid=20601087&sid=aa.mGXjKbOlc&refer=home Just think of the battles that are being fought for this pile of treasure, the lottery tiickets that people are holding will make them press the greedy puppets in washington to get their bit of bacon included. Why don't...
  2. M

    Inside Wall Street's Factory of Fakery

    More Wall Street shit that the SEC turned a blind eye to for so long, only focusing on the small retail or celebrity insider trading rather than those on the tsreet they were supposed to be monitoring. http://bloomberg.com/apps/news?pid=20601087&sid=a2D58.PMZj8o&refer=home Isn't Blackstone...
  3. M

    socialized medicine another failed experiment

    The whole point of this plan is that it doesn't need to be paid for with a new tax, if done right it should result in a net savings. The idea of having to pay additional monies defeats the whole purpose which is to get better healthcare, for all in the US at less cost by reducing non healthcare...
  4. M

    The man once described as the world's greatest treasurer...."it's a catastrophe"

    The 6-7 years part. Even the worst predictions that I have heard are that we will be back on the path to recovery by 2010-11. If this stretches to 2013-14 we are in serious trouble.
  5. M

    The man once described as the world's greatest treasurer...."it's a catastrophe"

    This is a guy who knows what he is talking about, 6-7 years. Oh shit.
  6. M

    BAC dishing Dirt on the FED

    Jeez, everybody wants something for nothing. There are consequences to that mentality and we are living though them. Get some moral fucking integrity people, please! http://www.nypost.com/seven/01312009/business/tingy_teve_sued_152839.htm
  7. M

    socialized medicine another failed experiment

    If you split healthcare in to two parts you will understand the paradox. 1. Low hassle easy universal access at appropriate point of entry to healthcare system (ie usually NOT the ED), preventative, well patient, and chronic condition care (US does a very poor job, UK Canda do a good job) 2...
  8. M

    socialized medicine another failed experiment

    EMTALA is a Federal reg that mandates that no one can be refused emergency medical care nationally, not just in CA. Re Japan: http://www.associatedcontent.com/article/1446917/14_hospital_refusals_accident_victim.html?cat=5
  9. M

    Anyone listening to the CSCO conf call?

    What's Chambers saying that is tanking the stock? http://investor.cisco.com/eventdetail.cfm?eventid=64393 Orders form China/India dropped off a cliff. Down 20-30%.
  10. M

    I Want the Master Plan!

    I'm not concerned about Obama, who has shown himself to be far more moderate/centrist than most expected and actually well disposed toward small business, but about what comes next if economic conditions worsen significantly. There are many on the far left, again this would not describe Obama...
  11. M

    I Want the Master Plan!

    Without getting off the topic of the thread it is hard to know the relative threat level that OBL was given in amongst all the other threats that must have been coming across the intelligence wire at the time. Compounding the confusion is the import that the Clinton administration assigned OBL...
  12. M

    Obama Declares US Wage Controls

    One man's absurd outcome is another man's broken. :)
  13. M

    I Want the Master Plan!

    No question Bush did an awful job but lets not forget that he had the dot com bust to contend with, then 9/11, and even Katrina. The way he chose to respond to these events left a lot to be desired, but I think to just say that it was all his fault is not being fair to the man who in all...
  14. M

    Obama Declares US Wage Controls

    True, one of many troubling precedents being set. Looking back, if the Fed had not intervened with LTCM and allowed them to blow up would we be in this mess today? The slippery slope is a dangerous thing. The way I look at it though is that by rewarding those who are incompetent or inefficient...
  15. M

    I Want the Master Plan!

    Never fails to send a chill up my spine. I agree, 10 years ago the potential of this scenario being in our forseeable future was nil, today it isn't so implausible, with all due respect to Thundy's intellect, that alone is remarkable.
  16. M

    Obama Declares US Wage Controls

    Daal, 1st of all the compensation system is broken and it has just become executives essentially voting themselves whatever compensation they want (they all sit on each other's comp committees etc). Beyond that these firms that have acted irresponsibly and with gross incompetence by the top...
  17. M

    Obama Declares US Wage Controls

    Unless I read the statement incorrectly these limits only apply to the firms that have not yet taken TARP funds, in which case it has no teeth at all. As far as free market types and libertarians, it is entirely consistent for us to support these wage controls as these are now governement...
  18. M

    this market is headed lower

    I'm seeing the rising wedge (usually a continuation pattern) with a breakout to the upside in the QQQQs but so far unconfirmed by the SOX (or spx) which has been a great tell for the last year. Could be a false breakout in which case we will likley go down hard and fast and break through the...
  19. M

    socialized medicine another failed experiment

    The solution is simple. Getting there is inevitable eventually but how long it takes will depend upon how long people are willing to put up with this broken system. Overhead for administering programs such as medicare, medicaid is between 3-7%. Currently administration and other costs not...
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