Archive for September, 2008

Happy Libor Day

September 30, 2008 at 8:53 pm

For those among us who are huge fans of Libor, imagine our thrill to hear this boffo mention of our favorite credit offered rate by none other than President Bush’s own spokesman Tony Fratto at today’s press briefing:

You hear us talk about credit markets, right? Well, something we look at is the Libor rate. Well, can anyone — raise your hand if you’re familiar with the Libor rate. The London Interbank — Bloomberg would know. All right, the London Interbank Overnight [Offered] Rate.  It’s banks lending to banks. That is a critical number.

Well, it reached — that spread reached an all-time high last night. Okay? I mean, that is our communications challenge, is to explain why the Libor rate is at all relevant to an American’s ability to get an auto loan, or a small business’ ability to maintain their payroll account at a financial institution. There are a lot of steps between the Libor rate and the homes of Americans. So we obviously have a challenge.

Obviously so.  And just like George Washington, we cannot tell a Libor.

stock market

MoMa? No … Whoa, Ma!

September 30, 2008 at 7:54 pm

Chicago Tribune:

There’s been no shortage of takeoffs on Sarah Palin lately, from television skits to action figures, but Bruce Elliott has gone one step further than most. He’s taken off her clothes.

Elliott, whose wife, Tobin Mitchen, owns the Old Town Ale House on Chicago’s North Side, painted a nude portrait of the Republican vice presidential nominee and hung it above the bar, where it’s now a prime attraction among his display of more than 200 celebrity portraits and other racy art.

Sarah Palin Nude Chicago Tribune

Sarah Palin

Happy Rosh Hashana

September 30, 2008 at 9:40 am

Uncategorized

The Ship Of State Hits The Fan

September 30, 2008 at 5:35 am

Reliable Source provides this round-up:

“Now the Wall Street crony capitalists have put a 700-pound, billion-dollar bag of dung on taxpayers’ doorsteps, rung the bell and expect you to thank them when you answer it.”

– Rep. Thaddeus McCotter (R-Mich.)

“This is a huge cow patty with a piece of marshmallow stuck in the middle of it, and I’m not going to eat that cow patty.”

– Rep. Paul Broun (R-Ga).

All fun.  But not as fun as John Boehner:

In a closed-door session with House Republicans Sunday evening, Minority Leader John A. Boehner called the $700 billion financial rescue deal a “crap sandwich.”

Shit sandwich from Americas best

Congress  stock market  Funniest 2008

On The Job Training

September 30, 2008 at 5:16 am

Former Bush adviser Dan Bartlett describes Joe Biden as “a rhetorical train wreck.”

Looks like being so closely associated with Amtrak is a double-edged sword.

Joe Biden Amtrak train hat

2008 campaign

Time For Bretton Woods, The Sequel?

September 29, 2008 at 10:55 pm

It worked for the greatest generation …

Bretton Woods

Uncategorized  stock market

Extreme Rosh Hashanah

September 29, 2008 at 10:23 pm

(For the second straight year, we run this posting, revised ever so slightly.  It’s the Art Buchwald in us.)

Extreme Mortman will go dark for a bit in celebration of the Jewish New Year, 5769.  Like most Americans, I’ll still be writing 5768 on my checks for some time.  Before we head down to Times Square to watch the annual New Years eve dropping of the big flavorless roasted chicken, we might want to get into the spirit of things by remembering some of President Bush’s Rosh Hashanah greetings over the years:

* 2001: “Laura joins me in sending best wishes for a blessed Rosh Hashanah.”
* 2002: “Laura joins me in sending our best wishes for a blessed holiday spent with family and friends.”
* 2003: “Laura joins me in sending our best wishes for a blessed Rosh Hashanah.”
* 2004: “Laura joins me in sending our best wishes for a blessed Rosh Hashanah and a sweet New Year.”
* 2005: “Laura and I send our best wishes for a blessed Rosh Hashanah. L’shanah tovah.”
* 2006: “Laura and I send our best wishes for a peaceful Rosh Hashanah.”
* 2007: “Laura and I send our best wishes for a blessed Rosh Hashanah and shanah tovah.”

And 2008: “Laura and I send our best wishes for a meaningful Rosh Hashanah and L’shanah tovah.”

Extreme Mortman

Let My People Go!

September 29, 2008 at 9:57 pm

A happy Rosh Hashanah?

Not if you’re Jewish, a Democrat, and a member of the U.S. House of Representatives.

A report today by CNN’s Jessica Yellin:

“The Democrats, I can tell you what I understand is next. They are trying to bring this to another vote ideally. They’re not letting Jewish members go home.  You know it’s on the eve of the Jewish holiday, Asking everybody to stay put and see if they could have another vote.”

Which makes us wonder, if a Jewish Democratic member voted against Pelosi, is he/she expected to atone for that sin on Yom Kippur?

Nancy Pelosi Jewish scarf Syria

Congress

Speaking Of Market Timing

September 29, 2008 at 9:09 pm

Tomorrow’s stock market results may be the biggest indicator yet of the Republicans’ fortunes on Election Day.

Why?  Because it’s the last day of the month for the market, and for many folks the last month they will see monthly statements for their 401(k)’s and IRA’s.  And presumably it will all be bad news.   The results for October’s returns will likely hit and be seen after Nov. 4.

So no doubt there are many Republicans tonight praying for the Dow Jones to gain a thousand points of light Tuesday.

stock market

The Heather Outside Is Frightful

September 29, 2008 at 8:48 pm

Time was when Heather Locklear looked fantastic in a cop’s uniform.

Heather Locklear T.J. Hooker

Now, on the other side of the law, she looks like this…

Heather Locklear mugshot

Hollywood

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