I feel that I've some some concrete, thought-out points in comments to this post that you completely dismissed because you consider my ideology inferior to yours. That's what I was reacting to. Anytime you want to engage on ideas starting from a position of mutual respect, I'm here.
At least five people -- three in North Carolina, one in Indiana and one in Ohio -- were injured after weapons went off at gun shows Saturday, officials said, at a time when there's been renewed discussion about private gun sales at such shows.
Are you legally liable if you negligently shoot someone at a gun show, or is there a loophole?
No disagreement here. TBTF is one half of the biggest problem. The other is that if enough are pursuing the same risky strategies, it doesn't matter if we've broken them up -- they'll all fail together. And since they're all incented to do whatever makes the most short-term profit today, that's a likely scenario.
We were in Orlando once, to take the kids to Disney World, when we stumbled upon a "country style' Korean restaurant. It had more vegetables and more savory sauces than the usual Korean style, sort of a cross between a stew and a stir-fry. It was awesomely delicious. Afterward, when I complimented them on how good everything was, they said it was their last day serving Korean food, which had never found a market. Starting tomorrow, buffalo wings!
If you prefer "useless platitudes", that works too. Say something with actual content that doesn't begin from "I have all the answers, but you're too stubborn/stupid/ideological" to accept them, we might have the basis for a conversation.
Lyndon Johnson ended his first congressional campaign with an appendix that was about to burst, but he wouldn't stop going door-to-door asking for votes until the polls closed, because he needed to win that badly. He came very close to dying. After I read about that, I couldn't enjoy C-SPAN anymore.
Roger, I honestly do not know what the hell you are going on about. I actually read the pieces you were praising and suggested rules to solve what they thought the problems were. Then you responded as if you hadn't read or understood a word of it. (Something I should have figured out a long time ago.) You also claim to be speaking for James, except that he engaged with what I had to say (and even agreed with some of it), rather than spewing patronizing bullshit. If you want to be taken seriously, you're going to have to actually put some effort in.
The Simon Johnson piece says that the failed banks should have been nationalized rather then bailed out. No argument here. Cohan is saying that Wall Street types should be gambling with their own money, not other people's (as partnerships, not corporations.) So, new rules:
1. Corporations involved in finance will be liquidated and their charters revoked. No new charters will be issued.
2. Failed banks which cannot find an acquirer under normal FDIC procedures will be nationalized. In order to insure a smooth transition, their employees will be retained for a period of not less than six months unless specifically released. During this period, their compensation will be set to current general services rates.
Have you ever read the details of the assassination of Archduke Franz Ferdinand? Until Princip actually shot him and his wife, it's quite similar:
At 10:10 am, Franz Ferdinand's car approached and ?abrinovi? threw his bomb. The bomb bounced off the folded back convertible cover into the street.The bomb's timed detonator caused it to explode under the next car, putting that car out of action, leaving a 1-foot-diameter (0.30 m), 6.5-inch-deep (170 mm) crater, and wounding a total of 20 people according to Reuters.
?abrinovi? swallowed his cyanide pill and jumped into the Miljacka river. ?abrinovi?'s suicide attempt failed as the cyanide only induced vomiting, and the Miljacka was only 13 cm deep. Police dragged ?abrinovi? out of the river, and he was severely beaten by the crowd before being taken into custody.
I'm curious: how many people who clicked on the link and saw it didn't work said to themselves "Oh, it ends in '.jp'. It'll work if a change it to ".jpg'", and how many just gave up?
Does anyone remember the story from Zen and the Art of Motorcycle Maintenance? The narrator has a friend who's an art professor. They're having some beers one night, the friend is going on about different theories of modern art, and the narrator, fed up, says, "C'mere. Let me show you my latest work". It's a broken chair he's re-gluing, with some twine wrapped around and around to hold it while the glue sets. "Wow," says his friend, genuinely impressed. "Where did you learn all of this?"
My first job out of school was doing refinery automation for Chevron, We'd build systems in the Bay Area, and then travel to the various refineries (Pascagoula, El Segundo in LA, Salt Lake City, Perth Amboy, etc ) to install them. Never Hawaii, though: the boss always handled that one personally I shouldn't complain, though. The previous generation of systems was built on-site, so instead of a few weeks in, say, Pascagoula, it was most of a year.
And, a complete tangent. The other day, I went to BevMo to buy some Bulleit bourbon, which had been highly recommended. Looking for it, I noticed they also carried Bundaberg ginger beer, so I picked that up too. At the register, I felt compelled to reassure the cashier that I knew better than to mix them.
Funny how the image didn't come out -- the same syntax worlds on MD. Anyway, it's http://www.shopold52.com/uploads/store/thumbnail/mult210-Reeds_GingerBeer.jpg
On “Would Glass-Steagal Have Prevented the Mortgage Crisis?”
I feel that I've some some concrete, thought-out points in comments to this post that you completely dismissed because you consider my ideology inferior to yours. That's what I was reacting to. Anytime you want to engage on ideas starting from a position of mutual respect, I'm here.
On “Dear Mike Malloy:”
If he'd said the same thing about Obama, he'd already have a three-book contract with Regnery.
On “Too late for the gun symposium…”
Then there's this:
http://www.cnn.com/2013/01/19/us/north-carolina-gun-show-shooting/index.html
At least five people -- three in North Carolina, one in Indiana and one in Ohio -- were injured after weapons went off at gun shows Saturday, officials said, at a time when there's been renewed discussion about private gun sales at such shows.
Are you legally liable if you negligently shoot someone at a gun show, or is there a loophole?
"
If one was a good guy and the other was a bad guy, the system worked.
On “Would Glass-Steagal Have Prevented the Mortgage Crisis?”
No disagreement here. TBTF is one half of the biggest problem. The other is that if enough are pursuing the same risky strategies, it doesn't matter if we've broken them up -- they'll all fail together. And since they're all incented to do whatever makes the most short-term profit today, that's a likely scenario.
"
Disagree with what? You're said nothing of substance.
On “Should the Left Fear (Or Hate) Its Wonks?”
We were in Orlando once, to take the kids to Disney World, when we stumbled upon a "country style' Korean restaurant. It had more vegetables and more savory sauces than the usual Korean style, sort of a cross between a stew and a stir-fry. It was awesomely delicious. Afterward, when I complimented them on how good everything was, they said it was their last day serving Korean food, which had never found a market. Starting tomorrow, buffalo wings!
On “Would Glass-Steagal Have Prevented the Mortgage Crisis?”
Why accuse me of “spewing patronizing bullshit”?
If you prefer "useless platitudes", that works too. Say something with actual content that doesn't begin from "I have all the answers, but you're too stubborn/stupid/ideological" to accept them, we might have the basis for a conversation.
On “Before you sit down with your wings and beer…”
Lyndon Johnson ended his first congressional campaign with an appendix that was about to burst, but he wouldn't stop going door-to-door asking for votes until the polls closed, because he needed to win that badly. He came very close to dying. After I read about that, I couldn't enjoy C-SPAN anymore.
On “Coca-Cola, Big Tobacco, and Why the Personal Responsibility of the Consumer Should Not Be Allowed to Excuse Corporate Malfeasance”
"Smallpox immunizations are so horse and buggy era".
On “Would Glass-Steagal Have Prevented the Mortgage Crisis?”
Roger, I honestly do not know what the hell you are going on about. I actually read the pieces you were praising and suggested rules to solve what they thought the problems were. Then you responded as if you hadn't read or understood a word of it. (Something I should have figured out a long time ago.) You also claim to be speaking for James, except that he engaged with what I had to say (and even agreed with some of it), rather than spewing patronizing bullshit. If you want to be taken seriously, you're going to have to actually put some effort in.
On “Should the Left Fear (Or Hate) Its Wonks?”
Or opening diplomatic relations with an enemy rather than demonizing and threatening them?
On “Would Glass-Steagal Have Prevented the Mortgage Crisis?”
The Simon Johnson piece says that the failed banks should have been nationalized rather then bailed out. No argument here. Cohan is saying that Wall Street types should be gambling with their own money, not other people's (as partnerships, not corporations.) So, new rules:
1. Corporations involved in finance will be liquidated and their charters revoked. No new charters will be issued.
2. Failed banks which cannot find an acquirer under normal FDIC procedures will be nationalized. In order to insure a smooth transition, their employees will be retained for a period of not less than six months unless specifically released. During this period, their compensation will be set to current general services rates.
Non-activist enough for you?
"
Corporations can have free speech the day I can transfer all my debts to a subsidiary and let it go bankrupt.
"
But as Sorkin notes, it was primarily investment banks that failed, not commercial banks or combined commercial/investment banks.
The banks are failing.
It's a problem.
You don't have to tell me it's a problem.
OK, I won't. But you know what?
What?
It's a problem.
On “Assassination Attempt In Bulgaria”
Have you ever read the details of the assassination of Archduke Franz Ferdinand? Until Princip actually shot him and his wife, it's quite similar:
At 10:10 am, Franz Ferdinand's car approached and ?abrinovi? threw his bomb. The bomb bounced off the folded back convertible cover into the street.The bomb's timed detonator caused it to explode under the next car, putting that car out of action, leaving a 1-foot-diameter (0.30 m), 6.5-inch-deep (170 mm) crater, and wounding a total of 20 people according to Reuters.
?abrinovi? swallowed his cyanide pill and jumped into the Miljacka river. ?abrinovi?'s suicide attempt failed as the cyanide only induced vomiting, and the Miljacka was only 13 cm deep. Police dragged ?abrinovi? out of the river, and he was severely beaten by the crowd before being taken into custody.
On “Coca-Cola, Big Tobacco, and Why the Personal Responsibility of the Consumer Should Not Be Allowed to Excuse Corporate Malfeasance”
I'm curious: how many people who clicked on the link and saw it didn't work said to themselves "Oh, it ends in '.jp'. It'll work if a change it to ".jpg'", and how many just gave up?
"
Does anyone remember the story from Zen and the Art of Motorcycle Maintenance? The narrator has a friend who's an art professor. They're having some beers one night, the friend is going on about different theories of modern art, and the narrator, fed up, says, "C'mere. Let me show you my latest work". It's a broken chair he's re-gluing, with some twine wrapped around and around to hold it while the glue sets. "Wow," says his friend, genuinely impressed. "Where did you learn all of this?"
"
Mr. Potoatohead is the missing link!
Try this.
(Those mid-westerners, always dropping their 'g's)
"
My first job out of school was doing refinery automation for Chevron, We'd build systems in the Bay Area, and then travel to the various refineries (Pascagoula, El Segundo in LA, Salt Lake City, Perth Amboy, etc ) to install them. Never Hawaii, though: the boss always handled that one personally I shouldn't complain, though. The previous generation of systems was built on-site, so instead of a few weeks in, say, Pascagoula, it was most of a year.
"
This was when I used to install systems at the Pascagoula refinery, so before about 1986.
"
You're in Colorado. Think of them as candy joints.
"
And, a complete tangent. The other day, I went to BevMo to buy some Bulleit bourbon, which had been highly recommended. Looking for it, I noticed they also carried Bundaberg ginger beer, so I picked that up too. At the register, I felt compelled to reassure the cashier that I knew better than to mix them.
"
Quite seriously, you'd like the older stuff even better.
"
Funny how the image didn't come out -- the same syntax worlds on MD. Anyway, it's http://www.shopold52.com/uploads/store/thumbnail/mult210-Reeds_GingerBeer.jpg