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Tanta,
What a roll you're on today!!
First there was this... "(o) operating with a mentally-defective overpaid consultant who thinks we're kidding about this" (which reminded me of the perils of coffee and keyboards).
... and now THE BAND.
This weekend is a success already.
Thanks, Pat. I'd actually behave like this all week, if it didn't create problems for our Calculated Riskistas who read the blog at work. (YouTube? YouFirewall.)
Otherwise . . . it's 2:17 on day 1 of the weekend and I'm still on coffee, kids . . .
AZ Mortgage Fraud Indictments
Twelve people, suspected of being part of a sophisticated white-collar crime ring led by an ex-convict, have been indicted involving a mortgage-loan scam stretching from Arizona to Nevada to California.
The defendants, including a real estate agent, college students and family members living in the three states are accused of defrauding lenders out of $8 million. Group members led the high life by using phony incomes, Social Security numbers, bank accounts and assets to get loans for upscale homes and luxury cars, according to the 38-count indictment handed up by a federal grand jury in Phoenix.
The group is charged with conspiracy, money laundering and fraud.
They'll either get 3-8 years at a minimum security pen or a VP position @ Lincoln Savings as part of their work release program.
Great video! Can't beat The Band doing Dylan.
What does it mean if I had no idea who this was? I'm either too young, or maybe I was just too much of a nerd... Bob Dylan I know. The Band... hmmm...
Outsider, honey, you just put the load right on us. We're here to help.
The Band is, well, A Defining Moment for A Certain Generation.
"Music From Big Pink" is only $9.99 on iTunes. Go buy it as a Memorial Day present for yourself.
With a name like Frank Scarfone it seems like you could get Guido to take care of this problem.
A good introduction to The Band would be the 1978 Marty Scorsese film "The Last Waltz" documenting The Band's farewell performance. I taped a VH1 program about the film in 1998. A DVD is available on Amazon :
The Last Waltz (1978)
Anytime I mention The Band my wife always chimes in that Robbie Robertson was Faye Dunnaway's boy toy for awhile. I take her word for it.
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What a thing to return to! The Band!
If you haven't seen Festival Express, the movie this performance comes from, get ready for a treat. The Band, The Dead, a soon to pass Janis Joplin, the Flying Burrito Brothers and more. Spectacular.
I am not a huge fan here, but, this read was worthwhile-
The US Mortgage Market - Overexposed and Overrated
With a name like Frank Scarfone it seems like you could get Guido to take care of this problem.
Guido was probably the developer.
Okay, the Flying Burrito Brothers is drawing a blank too...
But I was baby boomer! I was! Okay, I was tail end, but I grew up on Crosby Stills Nash & Young! Joni Mitchell! And, okay, Dan Fogelberg...
Well, guess I can't skip classes on Saturdays either. I can see I have a lot of ignorance to make up for.
I wait to be enlightened...
It's good to be back home and connected to the internet...
I had heard repeatedly when the Big Pink album was released that Dylan played with the Band. 35 years later the proof surfaces. I thought that the rumors were based upon the painting by Bob Dylan on the album cover.
All I really know is that a guy I trade with claims his mother went to Bob Dylan's wedding in Hibbing at
about the time my mom started calling me a commie.
"Okay, the Flying Burrito Brothers is drawing a blank too..."
More of a West Coast band; an early folk/country band, no huge hits, but durable. Wikipedia will tell you more than you ever want to know.
No condo glut in my area; they never built many. Lots of "for sale" signs, though.
Just heard a new wrinkle on the buyer incentive front. A small time building contractor told me that he's got a deal with a real estate agent i which she offers prepaid "gift cards" for his services as a purchase incentive; no big screen TVs here, just a couple of guys with power tools to add those extra shelves and outlets you really wanted. Of course, no way is this factored into the reported home price.
Anyway, it's keeping him busy, and of course most of the time the new buyers keep him on to do more work.
Aw, but the Flying Burrito Brothers did cover "Sin City", which sounds ALL TOO FAMILIAR in the context of the current housing market:
"This old town is filled with sin
It will swallow you in
If you've got some money to burn
Take it home right away
You've got three years to pay
But Satan is waiting his turn
The scientists say
It will all wash away
But we don't believe any more
Cause we've got our recruits
And our green mohair suits
So please show your I.D. At the door
This old earthquake's gonna leave me in the poor house
It seems like this whole town's insane
On the thirty-first floor a gold plated door
Won't keep out the Lord's burning rain "
[...]
C'mon, outsider. Even my gen-me (or whatever we're calling the latest) nephew knows The Band. Maybe you should enlighten us: Did you not listen to the radio ever? Classical music snob but you know the most-played artists of your day?
Robbie Robertson's "Storyville" is one of the finest albums of the 90s. I was a teenager at the time, so it was my first introduction to his music. I still listen to it on the iPod, and several of the songs are sprinkled throughout my various playlists. It's definitely in my top ten favorite CDs of all time. I bought it based on a glowing review in Rolling Stone, and it prompted me to seek out some of his prior work with The Band. They are truly one of the greatest rock bands in history!
"On this side of the border, Warren Buffett has called hedge funds "a huge fad," and that "most hedge funds will not be able to justify their outlandish fees over the long term and they will disappear." He added, "On Wall Street there are innovators, imitators and total incompetents. Im afraid that the majority now are run by the latter two categories."
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Okay, wait a minute... buy the music on itunes? Dale has The Band on several of his ipod playlists? I rest my case. You all are too YOUNG for me!
No, I was not a classical music snob. My 2nd biggest confession, after not knowing The Band per se, is that classical music makes me depressed. I don't know why. Unenlightenment once again.
I knew where every track break was in the middle of songs on my James Taylor Sweet Baby James 8-track tape. No, I was no nerd. I was no mere young'un. I am bona fide baby boomer, if tail end. I WAS HIP!
I just don't know who the heck The Band was. Maybe I need replacement RAM chips. Or maybe no one else knows either, and just won't admit it... c'mon everyone... who here never heard of The Band besides me?
Maybe I need replacement RAM chips.
I'm holding out for a free reincarnation upgrade...
who here never heard of The Band besides me?
She who cannot read an article in the Times about self-described victims trying to back out of contracts without immediately starting to hum "I Shall Be Released" has not only heard of The Band, but has known and loved it enough for a certain free-association mechanism to occur that seems mysterious to the rest of the world.
And yes, every time I read about OFHEO wanting to reduce the GSE portfolio holdings, I hum "The Weight" ("take a load off Fannie / And-and-and put the load right on me").
I assume merely that the rest of you will put up with it, not that you will relate to it.
YouTube - The Band - The Weight
And yes, every time I read about OFHEO wanting to reduce the GSE portfolio holdings, I hum "The Weight" ("take a load off Fannie / And-and-and put the load right on me").
Now that my wife is working 'outside the home' & making good money... I'm humming 'Up On Cripple Creek' just about everyday.
And 'yes' she is a drunkard's dream...
i think BiBi (B. Bernanke
has said that FED doesnot garantee freddie and fannie.
so lets say in a hypothetical event should they fall, will there be a big lawsuit to force the costs of fannie and fredie (from now on lents call them FiFi
on the state?
revro - it would become a 'political event' not a 'legal one'... pretty hard to sue the federal gov't if it doesn't want to get sued...
I suppose bond holders could try to sue the feds for 'enforcement' of existing statutes but that gets them nowhere since the federal backing for fannie & freddie is only 'implied' not statutory. Congress could change that but then maybe not.
so lets say in a hypothetical event should they fall
It usually helps to define "failure," then figure out what else would have to be happening for that failure to occur, and then ask yourself what the biggest problem or priority of the taxpayers is likely to be in that situation.
Hint: the GSEs would have to run out of an amazing amount of money and salable assets before they had to tap the treasury. Of course it's not impossible to run out of an amazing amount of money, but events of that magnitude often change people's general outlook on life. FDR learned that one.
Photo
Lots of pictures of Dylan playing with Robertson. Apparently an earlier version of the Band was the Hawks. The above picture has Dylan, Mickey Jones and Robbie Roberston in 1966
Lots more here
Photos of the Band and Bob Dylan
Ticket stub and picture of a concert with the Hawks. Note that the Hawks get no billing. As I remember it the name 'The Band' was kind of an in joke, perhaps in response to this 1966 tour where it does look like the Hawks got any independent recognition
Photo
The Band? Flying Burritos? I can't even use the excuse"if you remember the sixties..."