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In large part, they are also iconoclasts. The fact that the prior generation lived thru the Great Depression and lived with the frugality that only someone who has seen hard times can appreciate. The Boomers rebelled against this notion, expanded government, expanded borrowing, over-built...

The day that the vast majority of the board stops arguing "Dem's" vs "Repub's" is the day that we might have a bit of hope. It's a broken system and yet everybody seems to be waiting for that "next election" to get it right this time.

I suspect the same. There will be some deeply hidden set of exemptions that every I-Bank will qualify for. Obviously, it would eliminate all of the competition and would be yet another bonanza. Just look at Obamacare and how the biggest cronies find a way into the exempt list.

So this is your roundabout way of saying you approve of Hopey's proposed legislation?

He'll practice his "lines" in front of the teleprompter for a few minutes and then promptly leave for another one of his vacations.

The guy has been just an epic "crash and burn". You could have put Donald Duck in office following the bi-partisan angst of the Bush era and he would have had 75% approval ratings. It really didn't matter who came into office. The problem is Hopey mistook it for unilateral support of his...

Minus the enormous drain via social welfare costs for the past 40 years. Or did you conveniently forget about that?

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Yeah. I haven't seen her on tv in almost a decade, I'd just about forgotten about her. Then again, I avoid like the plague almost all of the "news" networks. I honestly believe my blood pressure won't allow me to sit and listen to all the bullshit and lies.

It's an unpopular opinion around these parts, but alot of the "name" institutions function as much on their academic reputations as they do on their alumni networks. Go to any of those pedigreed prop firms and look at where they do their on campus recruiting. The same names pop up over and...

All you really have to do is look at some of these enormous endowments to get a good idea of where all those excess "reserves" go. Obviously, the largest Ivy League schools have the biggest endowments (alot of alumni donations as well). Ironically, or maybe not, but the endowments of these...

I still find it amazing that the 9% unemployment number has any semblance of credibility when you consider the labor force participation rate chart. Last I checked it was near 30 year lows. At the very least it cuts thru all the bullshit of people falling off the radar after x number of years...

ZIRP virtually guarantees a steady stream of "hardship withdrawals" as they like to phrase it. The whole period of record equity inflows that fueled the series of bubbles over the past 20+ years are over with. More money is going out that will never find it's way back in. That whole phrase...

The difference in work ethic between your average Mexican and your average Black is literally night and day. There is a reason that the vast majority of blacks are employed in government work, whereas many Mexicans are employed in the more demanding manual labor trades.

The problem is they are basically another monopoly. Many locales have either no alternatives of very limited ones. The cost of cable has driven away hordes of former customers who just said the hell with it when they lost their jobs or their unemployment checks ran out. They are...

Oh please, don't get your panties in a bunch. Usually, a joke comes with the little smiley face emoticon. btw, the whole "doubt your trading acumen" put down lacks originality and just shows you're a bit thin skinned.

Meg Whitman a fox? You couldn't drink her pretty. I look at her and see Kathy Bates with a bad die job.

And don't forget the cost of higher education..hell, all education outside of the mostly broken public school system. There's plenty of shit for EVERYBODY to bitch about, not just the yanks and the brits.

Bingo. I'm surprised this hasn't been discussed more, the silence is deafening. I've looked into it and it's a bit disconcerting (i.e. what some of these MM funds are invested in) due to ZIRP and the absence of any yield.

I think he was channeling Tom Robbins.