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The Daily Planet, Vol. 158

Pat Buchanan

“Obama’s White House thus enlisted in the long and successful campaign to expel Christianity from the public square, diminish its presence in our public life, and reduce its role to that of just another religion.”

Christianity is not a religion, it is a group of believing Christians of different faiths and it includes all people who believe. Since when did Christianity become a religion?

I love how this guy would be considered a pundit worthy of a paycheck from MSNBC when he cannot even think critically or relay that critical thinking to paper and pen.

» Posted By SueInCa On October 26, 2011 @ 1:46 pm

Cher
so many great articles today. It just took me an hour to get through them all. I was pretty incensed about NARAL. All the Dems in congress and no one brings this up for debate with all the abortion bills the repukes have tried to pass? They should be screaming it from the rafters. Almost makes me want to go join with the Pink Ladies.

» Posted By SueInCa On October 26, 2011 @ 1:41 pm

Occupy Wack Street

Cher
That does not even bear thinking about right now. I am afraid I would move to Costa Rica…………………….

» Posted By SueInCa On October 25, 2011 @ 4:13 pm

The Biggest Loser
Days of our Miserable Lives
As The Stomach Turns
I’m a Loser, Get Me Out of Here
OutLaw and DisOrder
So You Think You Have a Chance
Republifornifacation
America’s Next Top Nobody

» Posted By SueInCa On October 25, 2011 @ 3:44 pm

And a perfect one for each and every one of them without the gym and the challenges:

THE BIGGEST LOSER

You don’t have to change the name, just take away the healthy parts, they will fit right in. That pic of Michelle eating that big corn dog proves that.

» Posted By SueInCa On October 25, 2011 @ 3:34 pm

The Daily Planet, Vol. 157

Cher
I had sent one of . those articles that appeared at Reuters to my investment banker at BofA/Merrill Lynch. He explained exactly the same thing as Yves except he says in his 25 or so years in banking he has never seen the FDIC pay out, but rather find investors to take over a bank and assume the liabilities. The above article is a little more comforting should BofA really end up in Chapter 11. No wonder people are trying to get out front to protect the idea their reublican friends would have us all believe that Dodd Frank is worthless bill. You know how they all hate Barney Frank especially. After all he did call one of theirs a dining room table.

» Posted By SueInCa On October 25, 2011 @ 10:28 am

Getting It Wrong In Afghanistan: Victory and Loss in 2002 and Today

Khirad
Now remember Bush was the “decider”. I always have to laugh at that. Just because you are a pigheaded jerk does not mean you are a decider.

» Posted By SueInCa On October 27, 2011 @ 1:52 pm

You can blame Reagan for the Mujahedin when he abandoned them in the 80’s. I did not mean to imply that you were not aware of American Emperialism, just to point out that it has been going on for years. The PNAC were the ones who decided on Iraq. I think 9/11 gave them the perfect storm to start with Afghanistan then move to Iraq. After all they said so themselves, “we need a pearl harbor like incident”. I don’t believe they ever had any intent on winning anything in Afghanistan as they almost completely left the military to languish after their invasion of the sovereign country of Iraq.

With all his faults, Mubarak got it right about Bush. He said for Bush to attack Iraq would establish terrorists in a nation that was free of terrorists in 2001.

» Posted By SueInCa On October 27, 2011 @ 1:47 pm

Murph

While I would like to blame Bush entirely for the mess in Afghanistan, our need to establish “Democratic Empires” started long before Afghanistan. Bush should have learned from the Russians but that is water under the bridge. Here is a piece written by Howard Zinn that I think you will find interesting. Especially the part about Justifying Empire.

http://www.tomdispatch.com/post/174913

» Posted By SueInCa On October 27, 2011 @ 12:33 pm

Weekend Music Thread: Better the Second Time Around?

The Second Time Around
Shalimar

https://youtu.be/xz4YQZ01Q_A

» Posted By SueInCa On October 22, 2011 @ 3:52 pm

GOP to Nevada: Drop Dead

Bito
Read this article from the Washington Post by Elliot Spitzer. He was attempting to out the Bush administration regarding the consumer protection agencies and how they completely dismantled them shortly before he was caught with a prostitute………………

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html

» Posted By SueInCa On October 22, 2011 @ 4:39 pm

KT

That is what getting out of the corp world felt like, freedom and serenity. I never realized how stressed I really was. I was traveling sometimes two weeks out of every month, one week in McClean VA for my staff there and then trips to customer locations with staff for projects. I had alot of miles racked up but I did the best thing in the world with them. Two trips to Hawaii and what we saved in airfare we stayed at the Hilton Hawaiian Village hotel. Much better than working.

I read Sidhartha many many years ago and my interpretation of the book was that all of our activities help to shape our world. No one activity can bring us nirvana, it takes many experiences and some never reach a complete state. I know I have not, but I am content.

» Posted By SueInCa On October 22, 2011 @ 4:09 pm

adtnext
Some people are blind and dumb and will never admit that republicans have done more damage than any other party.

» Posted By SueInCa On October 22, 2011 @ 3:17 pm

KT
I know plenty but I would still rather have them on my side. I was caught up in that existence while I was working, more money was always the mantra but when I was laid off for the first time, I got off the wagon and have never been corporate since. I wish it was the Beatles who changed me, but a kicking in the butt from a corp is probably just as effective.

» Posted By SueInCa On October 22, 2011 @ 3:15 pm

Bito
I think you touched on the real issue, some banks are still not solvent. If they were, the Fed could start unloading the toxic assets back to them and it has not happened yet. The BIG LIE is ongoing.

» Posted By SueInCa On October 22, 2011 @ 11:44 am

KT that is probably true but there are liberals out there that are just like him. They will sell their souls for what they want, just like Mittens. Not everyone is a pure lib like you and I lol.

» Posted By SueInCa On October 22, 2011 @ 11:42 am

Kt
Oh I can, Mittens is an idiot, one step away from being a full fledged GOPer. By that I mean he has the ability to be a critical thinker but he also is desperate to win the nomination so he acts like a GOPer in a pandering way to show “he is just like them”. Truth is I don’t think he really is, I think there is more liberal in him than he wants to let on.

» Posted By SueInCa On October 22, 2011 @ 10:24 am

Atdnext

Great piece. I was one of the lucky ones who got out of Nevada right before the crash. We sold our home for 250k but unfortunately for the buyers they are now trying to unload it for 118k. Then we bought in CA and were lucky to get out with 8k selling our condo for 110k after we had paid 175k four years ago. To give you an idea how messed up things are, the city where we lived controlled the appreciation of those condos and according to their calculations that condo should have sold for 234k. Their calculations did not take into account increased foreclosure rates.

Not many in Congress really care about what happened to the “people” they are supposed to be representing, with the GOP the worst of all. The truth is you are not going to find many people who are still in the black worrying too much about “the other guy”. I believe our country was deliberately pushed into what happened and were given the permission to “just go shopping” in order to keep the people from having a free moment to really think about what was going on or questioning how in the world they could all of a sudden afford a half million home without a salary increase. They wanted to believe this was normal and this Occupy movement is making those same people who were in on it very nervous because they are being exposed. They got away with it because the American people(for the most part) took those instructions and followed them to the natural conclusion: mountains of debt and one step from financial ruin. The GOP most likely are still going on the assumption that people are just too worried about their finances to really step out and speak up. Occupy proves them wrong and a GOPer never likes to be proven wrong nor will they ever see the world as it really is. Part of the reason they try to beat up on Liberals all the time?, open mindedness and critical thinking is not natural in their world.

» Posted By SueInCa On October 22, 2011 @ 10:20 am

A Radical Economic Solution – Stop Paying Banks For Credit Card Debt

Adlib

I know with my husband it is a matter of “brand awareness”. He knows BofA but not how the credit union interbranch system would work. We still maintain an account with his credit union but only in the event that we decide to change. It is easy to remember a BofA atm but not so easy to remember all the different banks you can use in conjunction with the credit union account. I know them but he does not and I think that is probably something alot of people take into consideration. I used to be the Account Manger for Ralphs Grocery at Wells Fargo. Ralphs Grocery chain was one of the first major chains to accept debit and credit cards so you can kind of call them pioneers in the business, right? Well their VP that I worked with decided to use his ATM card one day in an emergency. The ATM ate his card because he tried his pin too many times. This from a person who was in charge of the entire debit/credit program for Ralphs Grocery and he had never used his own atm card, so you just never know.

Even so, being back in the bay area we may still make the change. We are way more familiar with this entire area than we were of the Sacramento area. We spent all but 8 years living here.

» Posted By SueInCa On October 21, 2011 @ 6:12 pm

Adlib
That is what I thought too. Too bad I don’t know the first thing about writing a screenplay

» Posted By SueInCa On October 21, 2011 @ 6:00 pm

Cher
Ahhh that is more like it. I would have had to do the same thing.

» Posted By SueInCa On October 21, 2011 @ 3:46 pm

CL
I think Chrysler was the first in line but one thing did happen, Lee Iacocca did go in and re-organize the company and brought it back to a healthy status. The thing this bailout did was to open the door. There was also the bailout of what is now Amtrack at the same time or just before Chrysler. Then the S&L in the late 80’s. It just went high speed in 2008.

I have a better story than you though. We went to buy a new Thunderbird in 92. We found a real nice turbo that was a bit used but decided we liked it so started negotiations. The guy’s first offer was 1200 a month….mind you we had a 17,000 dollar down payment and the car was just under 29k. I told him he must be smoking so he went back and still came back with 800, when he left to negotiate again, I grabbed the paper he was working on(it had our SS#’s and told Tony let’s get the heck out of here. The guy followed us to our car and was trying to make a deal through my sunroof. We went to another ford dealer and I told my husband if they asked, we are just looking. He had to use the restroom and did not come back for awhile so I went looking for him. He was sitting in a T-Bird Limited Edition on the showroom floor. The guy saw me coming and he said, “Mrs. D—–, your husband told us what happened, believe me when you leave here today you will have the car you want, with reasonable payments”. We bought the car and had payments of 256 for 18 months.

» Posted By SueInCa On October 21, 2011 @ 3:44 pm

Cher
LOL I read that when it first came out but shameless self promotion? No freakin way. I am just surprised you could remember it, I am having trouble remembering from day to day, you know?

» Posted By SueInCa On October 21, 2011 @ 3:34 pm

Adlib
You are right. I would love to see that happen, in fact I have a screenplay idea kind of in the Ann Rule genre where someone goes around offing all the big bankers and they are sitting up in those ivory towers wondering who is next. Of course it will never happen but a movie would sure give them something to think about, wouldn’t it? Can you imagine Blankfein worrying if a serial killer is going to strike him next?

In your scenario, the banks would hit a spin that could take them out of control. There is no way they could make a change in operations that fast to keep up with the delinquency increases. And suing anyone? Forget about it, too many people to sue.

» Posted By SueInCa On October 21, 2011 @ 2:43 pm

Javaz it all changed when wall street and the banks realized they could sell a loan, wall street would bundle it up with other securities and sell them off to unsuspecting buyers. In fact they could not produce enough loans for the demand, consequently the door was opened for liar loans and loans to be approved with less than stellar credit. When the banks realized they would only be responsible for the amount of time it took to get the loan to wall street, they took advantage of the system. It also used to be that trade lines on a credit report were better paid off but open. As of 2007, the banks wanted 3 trade lines with balances in order to process a loan. That is how messed up the credit field got. In 2003, I sold a home for 525k that I bought just the year before for 425k. We were buying another home that we were putting 130k down on and we got an unconditional approval from National City Mortgage with no jobs and we were honest about only having a retirement income coming in. We both went to work when we moved to that state but for all they knew we did not have jobs but it was approved anyway.

» Posted By SueInCa On October 21, 2011 @ 12:57 pm

Adlib
I have seen people here and there on blogs supporting this idea and as a former “repsonsible” banker, I agree with it. Let me explain why. I was in banking from 1982 through 1998. During that time, I never once experienced anything on the bank’s behalf that would jeopardize their Fed Audit. That Fed audit was the most critical review for the bank during those years. And because of those audits, the banks were fairly clean. Of course I am talking national banks, not savings and loans who were under different rules and scrutiny. I would never have heard in all my years with Wells Fargo a bank officer telling a customer, just take the loan now, you can refinance in a couple of years or…..just walk away. There were some banks who had different card types depending on your financial status and I worked for a bank who issued one of those cards. This was back in the 80’s and the interest rate on that card was 19% apr. The people who qualified for those cards were the exact people who could least afford credit. Once an account went into delinquency, it was pretty much the end of the line for that customer. Overlimit and Late fees, plus interest would eat up any minimum payment they made. I was on a committee between the fraud and collection departments and we finally convinced Marketing to either get rid of the portfolio or substantially change it, which they did, they modified the cardholder agreements so customers would have a chance. What did that do? It reduced the claims of fraud(to get out of paying) and collections went way down.

Instead of doing this now, the banks keep ramping up the cost to the customer. I know that when a bank sends you a new agreement what constitutes agreement to the new rules, a purchase on that card. Most people do not know that and get stuck under the new rules.

As a former banker it goes against everything I was taught about credit however the banks are also not the same banks that I worked for all those years either. When Glass Steagal was repealed, the banks went wild and acted totally irresponsibly. And the Fed used it as an excuse to relax their audit requirements if not stop them entirely. Then as you explained, the banks kept getting more and more breaks from Congress while the people got nothing.

Where am I going with this? I can totally see this happening and the banks throwing in the towel. They would be so shocked they would more than likely not know how to respond at first. Their collections departments are no where near staffed to handle a flood of 5, 30, 60 days delinquent accounts and it would probably blow up their systems. When they got over the shock of that flood, then they would have to regroup and decide what to do. Like you said with so many people going delinquent, they would be in a tight spot. I can also see why people would want to do this, I have even mentioned it to my husband a time or two. Hell we are getting into our sixties, we have savings and 401k’s that would sustain any purchase of big ticket items we need and like you said, after 7 years we would be clean again, plus we would be able to decrease the amount we take from his 401k right away and still save money. Of course having the nerve to actually do so is another story. We have it ingrained into our psych that you need to be responsible and no matter how dishonorable the banks and wall street have behaved, the American people are better than that.

» Posted By SueInCa On October 21, 2011 @ 12:32 pm

#OccupyLasVegas: The Winner of Last Night’s Republican Debate?

Bito
Infotainers do not need to read the bills, they are talkers, not reporters. She was just as lazy on CNBC

» Posted By SueInCa On October 19, 2011 @ 3:53 pm

Javaz
I don’t think student loans were ever a write off in a BK. These for profit colleges are making money and the professors in these schools also made money in the credit bubble by writing papers on certain corporations, of course, saying how stable they were. And not one professor I saw thought they did anything wrong collecting upwards of 40k for one paper. Take a look at some of the big ivy league schools and see how much their professors are making on the side with their various side jobs. It is almost criminal. If you have not yet seen it, watch Inside Job. It will open your eyes for sure. There is still losses that need to be written off and not just student loans. The Fed cannot hold those toxic assets forever.

» Posted By SueInCa On October 19, 2011 @ 3:11 pm

OWS, You May Be Being Had

adlib
that would make sense, the media is always the last to catch up. Look at CNN’s sudden love for the Teapers, late to the party as usual. And they would have us believe they are not controlled by corporatespeak

» Posted By SueInCa On October 23, 2011 @ 2:03 pm

Adlib

How funny, I came to this very same conclusion just this morning while watching Howard Kurtz on CNN. The media is looking for a leader to use as a scapegoat and it is not working so it is driving them insane. I am glad I wrote my thoughts here. The Mayor of Oakland marched with the protesters, then this week the city served them with an eviction notice which they promptly ignored. I wonder if the tents are symbols of the tent city set up across the Potomac for President Hoover to see during the depression. Pretty clever if they are.

» Posted By SueInCa On October 23, 2011 @ 12:58 pm

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