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House Was Right to Reject Deceptive Wall Street Bailout. One That Comes Later This Week Must Protect Taxpayers
Don said: "Response to post #7: If you are domiciled in the Caymans, you won't have to pay Johnny even if he wins the bets with you. Why do you think money gets stashed there? Best, Don Bauder" Don't listen to him, Johnny! Don doesn't know what he is saying. I have every good intention of paying you at least a portion of your winnings, unless unforeseen circumstances dictate otherwise. My reputation is rock solid, you can take that to the bank (WaMu or Wachovia, your choice). Sincerely, Comrade Paulson— September 30, 2008 7:58 a.m.
House Was Right to Reject Deceptive Wall Street Bailout. One That Comes Later This Week Must Protect Taxpayers
By JohnnyVegas said: "I have my money against Big Business on this bet." I'll take that bet. I will then bundle that bet along with a couple of other bets I have going (such as the bet I have against Big Business, and my very lucrative 20-1 bet that the sun won't rise tomorrow.), and will be selling shares from my Cayman Island operation. Paulson has already inquired as to how many shares I will allow the government to buy with your tax dollars.— September 29, 2008 9:32 p.m.
Comerica Park, Chase Field – banks foolish to use stadiums
Another interesting coincidence about Pat Riley is that Tommy Lasorda pitched for Riley's dad in the minor leagues, and used to entertain Pat Riley in the dugout during games when Pat was around 3.— September 26, 2008 2:17 p.m.
Comerica Park, Chase Field – banks foolish to use stadiums
"How about rooting for the Wachovia Wealth Stealers? What about the CitiGroup Credit Card Chargers?" Of course we now have to add the Goldman Sachs capital gains Dodgers.— September 26, 2008 12:55 p.m.
Comerica Park, Chase Field – banks foolish to use stadiums
FYI: Forbes came out with an estimated value of $888 million for the Chargers, putting them firmly in the bottom quartile of NFL clubs. I am not sure how Spanos is able to make a go of it with only $200 million a year in revenue and a rent that has skyrocketed to $2.5 million annually. What other business could survive with it's rent being a full 1.25% of its revenue? Thank goodness the city provides free security for all of the Chargers private events, or they might not have made it this long. The value of the Chargers has only increased twelve-fold over the last 24 years (since Spanos bought them). With that sort of under performance, how can we expect the team to stay here without an injection of half a billion in public funds for a new stadium?— September 26, 2008 12:51 p.m.
Paulson Raked in $27 Million a Year While Heading Goldman, Says Expert Graef Crystal, Who Opposes the $700 Billion Bailout and Also Opposes Compensation Controls
Pat, Paulson didn't exactly sell the stock tax free. Because he was forced to sell the stock, he is allowed to defer the gain. Whatever he buys with the proceeds from the sale assumes the original cost basis, and he will (supposedly) pay tax on any gain at some point in the future. I am sure he has a myriad of wonderful ways to avoid paying his share of taxes on his gains, at least we aren't letting him sell his stock completely tax free. Here is a long and somewhat contentious discussion of the issue, which also includes references to the applicable tax code. http://boards.historychannel.com/topic/Current-Ev…— September 25, 2008 2:18 p.m.
Blog Satirist Says Paulson's Plan for Wall St. Bailout Resembles Nigerian Letter
Oh god, if only it really WAS just an internet scam.... The Daily show last night showed a series of clips of different cable news shows trying to explain just how big is $700 billion. They concluded with a woman pointing to a McDonald's and explaining that $700 billion was the amount it would take to supply 2,000 McDonald's hot apple pies to every single American. That somehow very bizarrely summed up both the magnitude of the problem and what is fundamentally wrong with America in the first place. It was also a hilarious segue into the introduction of the guest for the evening, President Clinton. Clinton said (paraphrasing): That plan may work, because after about 350 pies you forget all about the fact you don't have a house anymore.— September 24, 2008 8:25 a.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
JV, I am still waiting for somebody to explain to me why the only way I can opt out of the government run social security ponzi scheme and have a real pension backed with real money in real investments, is to work for the government.— September 19, 2008 10:13 a.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
Response to #31: JV, speaking of the latimes, I actually just jettisoned my $6/month thurs-sun UT subscription and picked up the LA Times for only $1/week for 7 day home delivery (when you pay for a full year for $52). That price is so cheap, I am worried that they won't make it through the year! I won't miss the local coverage in the UT, because there wasn't much anymore even before these last cuts. Though the rest of the Times is not nearly what it used to be, it is still hands down better than the UT. If anybody is still interested in print, http://www.discountednewspapers.com/ has some pretty good deals, mostly for new subscribers, on some good papers.— September 18, 2008 9:20 p.m.
Face value of derivatives floating around the world is $1.14 quadrillion
FYI: Here is very nice visual of just how big is a quadrillion. http://www.kokogiak.com/megapenny/seventeen.asp— September 18, 2008 1:38 p.m.