"At some point, I gave up waiting for the end. There was no scandal or reversal, I assumed, that could sink the system.
Then came Meredith Whitney with news. Whitney was an obscure analyst of financial firms for Oppenheimer Securities who, on October 31, 2007, ceased to be obscure. On that day, she predicted that Citigroup had so mismanaged its affairs that it would need to slash its dividend or go bust. It’s never entirely clear on any given day what causes what in the stock market, but it was pretty obvious that on October 31, Meredith Whitney caused the market in financial stocks to crash. By the end of the trading day, a woman whom basically no one had ever heard of had shaved $369 billion off the value of financial firms in the market. Four days later, Citigroup’s C.E.O., Chuck Prince, resigned."
Then came Meredith Whitney with news. Whitney was an obscure analyst of financial firms for Oppenheimer Securities who, on October 31, 2007, ceased to be obscure. On that day, she predicted that Citigroup had so mismanaged its affairs that it would need to slash its dividend or go bust. It’s never entirely clear on any given day what causes what in the stock market, but it was pretty obvious that on October 31, Meredith Whitney caused the market in financial stocks to crash. By the end of the trading day, a woman whom basically no one had ever heard of had shaved $369 billion off the value of financial firms in the market. Four days later, Citigroup’s C.E.O., Chuck Prince, resigned."
It's never been simpler to watch some of the very best online films … Gentry select some choice flicks for your enjoyment - turning up some lost gems and old favourites…
factoid of the day:
there is only one american still alive that fought in world war one. he is 107 yo.
there is only one american still alive that fought in world war one. he is 107 yo.
amatller chocolate
momofuku milk bar and bakery
pork and egg bun: pork belly, deep fried soft poached egg, cucumber, hoisin, scallions
sign me up!!
pork and egg bun: pork belly, deep fried soft poached egg, cucumber, hoisin, scallions
sign me up!!
great meal at wd50 last nite and i highly recomand the soup and the pork ribs should anyone be dining there.....
ive always wondered which continent central america was considered a part of. was that ever clear to yous?
a president taking questions from the press? how retro. maybe he can train the press to ask pressing questions. hopefully hell make a habit of it.
i couldnt get through it last time it was on but if youre a tivo person you might want to set it to record the warriors late night tonight on tcm. that it was ever deemed controversial seems utterly ridiculous now.
cindy incidentally
momomore
It is unacceptable that television news brings Tom Delay and Karl Rove on as bona fide political commentators, when both are criminals. The same thing goes for Oliver North. Delay has been indicted on corruption charges and had to step down from his seat in Congress. Rove led a campaign to have the press out a covert CIA operative who was attempting to stop Iranian nuclear proliferation, essentially blowing her cover and that of her contacts to Tehran (i.e. he is a traitor).
There was a time when individuals so tainted with crime made themselves unacceptable in polite society, including on television.
Instead, these monsters are being given air time. CNN brought Delay on to accuse Barack Obama of being a "Marxist." To have that shameless embezzler given a platform to smear an honorable man just made my blood boil.
Folks, we need an organization that can blanket the corporate media with emails of complaint every time they bring on a criminal and parade him as a legitimate commentator. If they blow us off, it would be time to get up some advertiser boycotts.
i got purged from this comment thread within 5 minutes for suggesting that dennis ross who obama has leaned on for cred with the aipac crowd had neocon tendencies albeit in a clintonian vein even as i concluded that i hoped for the best. i wouldnt doubt that klein and ross are sympatico.
Warsaw
Brooklyn, NY 11222
Fri, 12/12/08
08:00 PM Butthole Surfers
on sale: Fri, 11/07/08 12:00 PM
Brooklyn, NY 11222
Fri, 12/12/08
08:00 PM Butthole Surfers
on sale: Fri, 11/07/08 12:00 PM
forgive but dont forget
Civility? Go fuck yourself right in the tabernacle.
Wayne's World -- Bill Foster handily retains the seat he won in a special election, keeping the House safe for physics. This seat, whose district included Aurora Il, was held by Hastert before his retirement.
key facts
NEWSWEEK has also learned that Palin's shopping spree at high-end department stores was more extensive than previously reported. While publicly supporting Palin, McCain's top advisers privately fumed at what they regarded as her outrageous profligacy. One senior aide said that Nicolle Wallace had told Palin to buy three suits for the convention and hire a stylist. But instead, the vice presidential nominee began buying for herself and her family—clothes and accessories from top stores such as Saks Fifth Avenue and Neiman Marcus. According to two knowledgeable sources, a vast majority of the clothes were bought by a wealthy donor, who was shocked when he got the bill. Palin also used low-level staffers to buy some of the clothes on their credit cards. The McCain campaign found out last week when the aides sought reimbursement. One aide estimated that she spent "tens of thousands" more than the reported $150,000, and that $20,000 to $40,000 went to buy clothes for her husband. Some articles of clothing have apparently been lost. An angry aide characterized the shopping spree as "Wasilla hillbillies looting Neiman Marcus from coast to coast," and said the truth will eventually come out when the Republican Party audits its books.
