Bank Failure Preview

in

Gee, was the two year 50:1 drop in the 2 year share price [Advanta] a hint?

Hey this is becoming a real sport, pre-game show and everything! Wink

CR - any bets on the DIF losses today? I will take the over on $4 billion.

There are already plenty of color commentators around here. Now all we need are cheerleaders.

Vonbek777 wrote:

Hey this is becoming a real sport, pre-game show and everything!

Just iced down the beer - now all we need is the cheerleaders.

Wow - we both had the same thought!

who was the primary regulator that dropped the ball on Advanta?

EDIT: seems as if it was the FDIC itself this time (at least for the bank)...

Hmmm .... ground beef, onion and jalapeno, or sausage onion and pepper? Gotta put my order in early today. Might be a big line.

Already got the beer lined up : Spaten Munich Optimator. If I have one for each BF, I'll be face down in my za.

I'm shocked that two guys would be thinking of scantily clad women.

LaJolla?

FDIC employees will be drawing straws for that takedown.

Winston wrote:

I'm shocked that two guys would be thinking of scantily clad women.

After being at the Tampa Bay/Green Bay game last week, they were a nice distraction.

Crumbled bacon, jalapeno, pineapple, and red pepper. Really like that combination.

Vonbek777 wrote:

Hey this is becoming a real sport, pre-game show and everything!

Is there a line out of Vegas yet?
Wink

I still can't get over the cage dancers at the new Cowboys stadium...Here look at the cage dancers, and by the way we are family friendly...that one gets a chuckle out of my wife.

Hey this is becoming a real sport, pre-game show and everything

I wanna see some Erin Andrews / Erin Burnett, uh, "interviews"

Vonbek777 wrote:

pre-game show and everything

HA!!! Too funny. (Where are the macho bear commercials).

Kelo decision disasterous insulting conclusion:
Pfizer has pulled out, leaving a wasteland.
Pfizer and 1,400 Jobs to Leave New London, Connecticut - NYTimes.com

The Kelo decision hurt me.
It was one of my final illusion-killers.
CR, I think you should feature this.

black dog wrote:

LaJolla?
FDIC employees will be drawing straws for that takedown.

If the choices are LaJolla or closing the Washita State Bank in Burns Flat, OK (another PCA from last month), I wonder which one the closing agents would choose.

If you want CR to see something then send it to him via email.

Here's a nice Kelo link. So pathetic and so not surprising.

Pfizer, Kelo and the eminent domain ghost town

Pigged OT

EvilHenryPaulson (profile) wrote (in reply to...) on Fri, 11/13/2009 - 3:37 pm

ResistanceIsFeudal wrote:

Electrical infrastructure is one of the few things we still manufacture here and it's primarily for our own use.

Really? I know in BC the big gear is outsourced to one of a few dominant producers globally

Imports are somewhere around 40%, much lower for transmission-class, of a $7B or more market IIRC.

Newbie 101 wrote:

The Kelo decision hurt me.

What do you mean? Is Kelo a person?

You'd better cast your BFF Poll vote NOW; while there is still time...
Does the FDIC Order Anchovies? Beer Laughing out loud

After being at the Tampa Bay/Green Bay game last week, they were a nice distraction.

What do you expect when a team named after a body of dirty water plays a team from a small (and shrinking) town?

Mebbe CR can re-run one of the threads on through the weekend for a replay.

I hate to see a ballplayer get injured, but I'd love to see a bone sticking out of a bank's leg.

"What a terrible thing to see, let's view it again."

NOTaREALmerican wrote:

Is Kelo a person?

More of a nonperson in the new regime. No Kelo home, no Phizer R&D facility. Just the destruction of the American Dream.

Is Kelo a person?

And all this time I thought it was simply 2.2 lbs

Newbie 101 wrote:

Oops. Here's the link.

Huh. I vaguely recall this. Interesting.

There's a better article on Pfizer and Kelo in today's NY Times.

Pfizer to Leave City That Won Land-Use Suit - NY Times

Here's an important sentence:

"Pfizer spent $294 million on a 750,000-square-foot complex that opened in 2001."

That's 750,000 square feet that now will be useless, that nobody will want and eventually will be torn down.

Such a big, wealthy country. So much waste.

You got me with that one, just snorted coffee through my nose. That hasn't happened in a few days. Time to reset the keyboard days without accident sign.

rich, yeah ... another example of overbuilding.

best to all

rich wrote:

Such a big, wealthy country. So much waste.

Yeah, isn't that true. Everything is "destoyable" here.

Newbie: Pfizer also got slapped with some lawsuits regarding Neurontin and probably is going to lay off elsewhere too. ( IIRC) I'm sorry you got caught up in that mess. Pfizer bought Wyeth (IIRC) which had a plant way, way north near Rouses Point in NY State, it since was sold again and is operational I think making generics. I can try and find more info if you want it. Perhaps that could be a place where there is some employment. I hope that helps a little.

Pfizer...

...and notice that their property taxes would be reduced by 80% for 10 years, starting in 2001.

steelhead wrote:

Ah, the joys of crony capitalism.

I'll see if I can poke some liberals here....

Isn't this just another example of how taxing companies eventually leads to unexpected consiquences. Eventually, you can't tax companies as it's all passed to the consumer anyway. But, companies are constantly playing cities and state off each other for "tax breaks". Seems to me there should be NO corporate taxes of any kind.

SNAFU (profile) wrote on Fri, 11/13/2009 - 2:04 pm

Got the following from TBP ref. Nat Gas:

What are the pros and cons of using NG? Is it just cost of implementation? I like the 'less polluting than coal' for power generation possibilities. Comments please!

*From the desk of T. Boone Pickens

Army.

We reached our goal of 120 bi-partisan cosponsors of the NAT GAS Act (H.R. 1835) way before 11/20.

Our efforts are having an impact!

You know the numbers on natural gas: 2,000 trillion cubic feet of reserves in the continental United States; more than 100 years worth -- enough to fuel our heavy truck fleet, provide electrical power to our homes and businesses, plenty for cooking and heating, and more than enough remaining for other crucial uses like fertilizer and chemical production.

Congressmen Dan Boren (D-OK), John Sullivan (R-OK), and John Larson (D-CT) have shown true leadership in helping their colleagues to see how important passing the NAT GAS Act is to America's energy future.

We are keeping the pressure on, and we've got our eye on the goal: Get this bill passed in the House and the Senate, signed into law by President Obama, and begin reducing our dependence on foreign oil.

If you haven't already, click here to email your Member of Congress today and ask them to cosponsor this important legislation.

Let's keep this momentum going.

Boone

*

NaR-that may work if the companies that sell crap here actually make it here..... My Head Just Exploded

And NOT makes the perfect cast in the LiberalLunkers 2009 Fishermen's Classic....
Seems he's using live bait.

I'll see if I can poke some liberals here....

I consider myself a liberal and don't feel tweaked at all. Ultimately it is always the individual that ends up holding either the short or long end of the stick.

The issue is which class of individuals gets which end.

PS - And now, more than ever, the individuals affected are not necessarily within our national borders.

NOTaREALmerican wrote:

Seems to me there should be NO corporate taxes of any kind.

Ok, but on the flip-side, companies should be responsible for site-cleanup, environmental damage and held to account on these matters, with first priority in bankruptcy being to fix any damage.

Look at the mess that the car companies have left behind. Oh, and what a freakin' surprise, all the polluted land is attached to bad GM, and bad Chrysler...

When will the two parties in power and in decay admit that Kelo v New London was their Dred v. Scott? Their battle win lost the war.

Uncle Ar wrote:

that may work if the companies that sell crap here actually make it here.....

But, just tax the recipients of the dividends, as income. Some person eventually has to be getting the loot from someplace. Tax them. Who cares what the company does or were it sells. Just tax the people for their income.

We're about 200 years too late, but can you imagine today's America if all the extraction industries had been required to clean up after themselves from day one?

That's very kind of you, but I wasn't affected personally. It was the principle, suddenly becoming clear, that hurt.

Jonathan wrote:

Ok, but on the flip-side, companies should be responsible for site-cleanup, environmental damage and held to account on these matters, with first priority in bankruptcy being to fix any damage.

Sure, that makes sence. I'm talking about "plain" taxes (i guess).

NaR, we all know capital gains aren't income, who are you trying to fool here?

I don't think either party has an exclusive franchise on parasitic corrupt county machines in NY.

Back temporarily on topic.

I've got the FDIC Failed Bank web-site on one of my tabs. Bet I'm not alone.

Are they really allowed to just decide to not fund the bank? If I were the FDIC I'd want that money going in ahead of the DIF.

NOTaREALmerican wrote:

Isn't this just another example of how taxing companies eventually leads to unexpected consiquences.

Some might argue that many of the consequences are expected or at least known, that companies often have an information advantage in this regard, and that many of the unexpected consequences can be classified as negative externalities and as such are paid for by those who do not benefit from the company profits.

Oh I'm sorry I misunderstood. Be prepared, watching what is happening in this economy is a process. Just when I think after years of being upset off and on that I've seen it all, understand how screwed we are and come to an uncomfortable peace with it; something else in short order makes me look like this: Pitchforks and Torches Sick My Head Just Exploded

Rob Dawg wrote:

When will the two parties in power and in decay admit that Kelo v New London was their Dred v. Scott? Their battle win lost the war.

My, you are optimistic today. I don't think they will ever give up. The motivation to use the power of government to favor one's friends and enrich oneself is too powerful. Government is a an Octopus to complement Goldman's Squid, but with a bigger beak.

Life is just a bowl of negative externalities.

Uncle Ar wrote:

who are you trying to fool here

Ok. But still, the current bizarre tax system isn't resulting in "payments" either (if you believe all the liberal sites showing the corporations don't pay any taxes). All the current system does is encourage lying and lawyers.

Rob Dawg wrote:

Dred v. Scott

not that I knew any better, but internet says it was Dred Scott v. Sandford, aka the Dred Scott decision
edit: unless there is another similar case name at the supreme court, the scott v sandford was about declaring slaves could never be citizens and thus covered by the constitution

sm_landlord wrote:

The motivation to use the power of government to favor one's friends and enrich oneself is too powerful.

Too powerful. Isn't THAT a bit mild. It's human nature to aid your buds. Why wouldn't people in government aid their buds?

It was the last hurrah of my youth, in a way. We were RVing out west, sort of shopping for a homestead, a doomstead. The Kelo decision alone is not what stopped us, but it was one factor.

Thanks EHP, that was rattling around my skull...something didn't sound right.

I'm missing the connection of Kelo to slaves here.

I'm not, but then again my family a few generations back were half breed sharecroppers, what do I know.

Is Lawyer Liz taking a long weekend or something?

Duke,
You mentioned my 'homeroom'...why use garbage or internet junk as sources or references (or no sources to make an argument) when there's plenty of published research in the 'higher learning' disciplines that's relevant...might be kinda stuffy I know bit it is informative...

EHP,
So I take it you may believe this 'swine flu' came from unsanitary hog farms (from seeing a few of your posts on this topic) and not from a chemisty, pharma, or bio-research lab...where research is done and vaccines are created from live viruses, using some samples possibly taken from earlier flu pandemics...

Vonbek777 wrote:

I'm not, but then again my family a few generations back were half breed sharecroppers, what do I know.

! Ok. I'm totally confused. What's the connection? You mean property rights?!

Rob Dawg wrote:

When will the two parties in power and in decay admit that Kelo v New London was their Dred v. Scott? Their battle win lost the war.

Why don't you make reversing that a plank on your Yeller Dawg party platform?

She said busy day with foreclosures and I think she said evictions, poor Liz. I wouldn't want to be in her shoes for anything.

picosec wrote:

Life is just a bowl of negative externalities.

What! You ALWAYS know what you're gonna get?!
Wink

Cinco-X wrote:

Why don't you make reversing that a plank on your Yeller Dawg party platform?

Ok. got it. The constitution as a religion gambit.

Well, still, regardless of whether emanate domain is constitutional or not, it still appears that taxing corporations leads to abuses by the VERY smart lawyers of the corporations, that get to play the cities off each other.

It is funny how the boogeyman in Kelo has utterly disappeared. Rapacious RE developers and corporations eager to build new facilities have a strange way of not being tremendous presences during depressions.

Vonbek777,
Here's one to smoke a cigar over...OT but is Shiekh Mohammed guilty as charged of 'masterminding and carrying out 911'?
EHP & Duke...what do you think?

I find that funny too Hollywood. All the talk of that TransTexas corridor has died down too. Imagine that.

merchants of fear
yup. it is the simplest explanation, and the significant mutation that led to swine flu was at the August 1998 North Carolina outbreak at Hog Slat Inc (edit: not Smithfield Foods, they come up elsewhere, my mistake)
few more links: ISS - Swine flu genes traced to North Carolina factory farm
MotherJones.com | Advertisement
Swine Flu Ancestor Born on U.S. Factory Farms | Wired Science | Wired.com
Swine flu: is intensive pig farming to blame? |
Environment |
guardian.co.uk

BBC NEWS | Programmes | File on 4 | Swine flu's farming connection?
and a 1996 report by 60 minutes where local residents were worried that factory pig farms (in NC went from 2mn hogs to 10mn hogs within the 1990s) were screwing up the local water by illegally dumping waste
Pork Power - 60 Minutes - CBS News

We're sounding more like the USSR near its collapse, every day. This stuff makes me crazy, there's no excuse.

By MATTHEW PERRONE, AP Business Writer Matthew Perrone, Ap Business Writer – 2 hrs 31 mins ago

WASHINGTON – Federal health regulators have found tiny particles of trash in drugs made by Genzyme, the second time this year the biotechnology company has been cited for contamination issues.

The Food and Drug Administration said Friday that bits of steel, rubber and fiber found in vials of drugs used to treat rare enzyme disorders could cause serious adverse health effects for patients.

Despite those problems, the FDA said the products would remain on the market, because there are few alternative treatments.

FDA regulators say doctors should closely inspect vials for particles before injecting them into patients. Doctors should return the product to Genzyme if they suspect contamination, the agency said. Physicians should also watch for potential allergic reactions, blood clots and other problems in patients.

full article here: http://news.yahoo.com/s/ap/20091113/ap_on_bi_ge/us_genzyme_drug_contamination

merchants of fear wrote:

masterminding and carrying out 911

What happened to crazy Al Kyda #2?

CalculatedRisk (profile) wrote (in reply to...) on Fri, 11/13/2009 - 5:02 pm

rich, yeah ... another example of overbuilding.

best to all

Not just overbuilding (which makes it on-topic to your site), but the destruction of the civic myth, which in my opinion has been the theme of the commentary for the couple of years I've been visiting here.

I don't have an opinion because I don't have anywhere near the knowledge to guess about Khalid Sheikh Mohammed, and I don't care because I think trying to choose a single mastermind misses any relevant point

Thx for the links EHP...'swine flu' musta traveled down to the hog farms in Mexico City or developed within those farms somehow as this was the apparent origination site of the virus? The investigations in the hog farms around Mexico City found no swine flu virus there I thought...I'll check out your links...just some initial thoughts...

I got a call at 7 this morning from my dad....he was irritated as all get out over this 'development'...he couldn't even talk about it really other than say this was very bad move and bad for the country. I think he thinks it will dig up more harm than provide closure for 9/11 families. I haven't had my brainstorm session yet honestly about it. I never liked the enemy combatants thing. If we were at war, we were at war. There are rules that apply to enemies that don't wear uniforms. Should have followed that, IMHO. This whole thing has been a cluster from day one, and things aren't improving.

NaRm,
bin Laden still did the funding allegedly so this connection will have to be traced and validated in the 911 trial I would think...

Newbie 101 wrote:

but the destruction of the civic myth

Just wondering, how old you are? (Note: I'm not being insulting like: Ha Ha Ha, you still believe in civics, are you wet behind the ears. ha ha ha. No, I'm more interested because I see the "civic myth" as being part of the genetic behavior of people and some people discover that civics is a myth soon than later). So, just wondering when you discovered the myth part.

Kelly Capital is proud to announce on Friday the 13th the world's first pair of 100x leveraged ETFs: Kelly Daily Nasdaq 100 Bull 100x Shares (SOAR) and Kelly Daily Nasdaq 100 Bear 100x Shares (SINK). The investments seek to replicate, net of expenses, 10,000% of the daily performance of the Nasdaq 100 Index in the case of SOAR, and 10,000% of the inverse daily performance in the case of SINK. The funds will invest at least 80% of assets in securities that comprise the index. They will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The funds are nondiversified.

"These are intended for attentive traders only," said Kelly Capital Chief Executive Officer Jason Kelly at the press conference following the launch party in New York City. "The extreme leverage employed will cause both funds to go bankrupt within the course of most trading days. However, those paying attention during the day will be able to maneuver in and out of the funds before they crash to zero."

Kelly Capital will reset and relaunch the funds at the beginning of each trading day. The company is in talks with the Security and Exchange Commission (SEC) about the possibility of relaunching the funds after lunch should they go bust in the morning session, but the SEC is balking. SEC spokesperson Ben Meriwether remarked, "We recognize the right of investors to employ as much leverage needed to find fortune or ruin in a day, we just aren't sure of the need to extend that right twice per day."

And it continues, news from the Twilight Zone :

FT.com / US / Economy & Fed - White House hits out at plan to strip Fed powers

“No regulator had a perfect record leading up to the crisis,” said Mr Wolin (deputy Treasury Secretary) at the American Bar Association. “But in our view, the Federal Reserve is the agency best equipped for the task of supervising the largest, most complex firms.”

Hey, nobody is perfect, therefore, choose the group to regulate that has no interest in doing that task. Great. Just great...

Vonbek777 wrote:

I got a call at 7 this morning from my dad....he was irritated as all get out over this 'development'...he couldn't even talk about it really other than say this was very bad move and bad for the country. I think he thinks it will dig up more harm than provide closure for 9/11 families. I haven't had my brainstorm session yet honestly about it. I never liked the enemy combatants things. If we were at war, we were at war. There are rules that apply to enemies that don't where uniforms. Should have followed that, IMHO. This whole thing has been a cluster from day one, and things are improving.

Just waiting for KSMs lawyers to start issuing subpoenas for all the CIA and NSA records - BHO can then get out all the stuff that his rabid base wants to get released about the government's efforts to disrupt the terrorists, and he can blame it on the judge.

Vonbek,
Yes and the 'waterboarding' will have to be considered in a '911' trial I would think and its reliability in getting an accurate 'confession'...all the evidence brought by prosecutors will have nothing to do with the 'waterboarding' confession...it will have to be real evidence...the Gitmo 'torture' issue will come up again from this trial IMO...

c'mon Sheila, I've got all my money riding on red.

HollywoodHack (homepage, profile) wrote (in reply to...) on Fri, 11/13/2009 - 5:30 pm
It is funny how the boogeyman in Kelo has utterly disappeared

No it hasn't. The principle exposed (that obviously not everyone realizes yet) is that the government owns all housing and everything else, this being even more obvious now. And very gradually, it becomes clear that they own your children, and your body too.
As has been discussed here, they own the productive labor of your unborn grandchildren. What boogeyman has disappeared?

Anyone who has spent any time looking into some legitimate issues (not the tinfoil) surrounding 911 can see this trial could open a 'can of worms'...this could be quite the diversion from Crash aftermath...wonder how much of the '911' trial will be open to the public?

Newbie 101 wrote:

is that the government owns all housing and everything else, this being even more obvious now.

Ah, well, of course they do, in theory. But, don't forget, when we were fighting "the cold war" the concept of Mutually Assured Destruction (MAD) kinda wrapped everybody's property up into one big happy package didn't it? What difference does it make if "the government" incinerates your property (to show them godless commies who's boss) of simply takes it at "fair value"? It's all one big group mess now.

NOTaREALmerican (profile) wrote (in reply to...) on Fri, 11/13/2009 - 5:38 pm
Just wondering, how old you are?

By "the civic myth" I mean't the general expression: all of the things a people believes about itself that makes large-scale cohesion possible, peoplehood, nationhood, etc.

"BHO can then get out all the stuff that his rabid base "

A tendentious way of putting it.

No regulator had a perfect record? Hoocoodafknode.

One of the benefits of the minimum levels of transparency of some gov agencies is that via FDIC and the other regulator sites you can actually tap through to all the enforcement orders and decisions of the others. I had a hunt around OCC last night, and have been looking at the others. The chasm between authorities conferred and enforcement recorded is pretty stark. Some orders have some great "what if" backstory too, like the OCC vs Bank of China (NY) in 2005. And the termination of the action is often frustratingly banal, more like "order terminated, thanks for playing".

C

merchants of fear,
last pig post, but interstate livestock movements via http://www.ers.usda.gov/publications/ldp/jun03/ldpm10801/ldpm10801.pdf
Farrowing in NC (born), shipped to Iowa to be fed/grown, shipped to and then slaughtered in California
since the meat packing industry in North America is dominated by a few US based firms, I wouldn't be surprised if there was high connectivity at earlier stages

'when we were fighting "the cold war" '

Having had some little part in it, I would not put that phrase in quotes. War is war.

Newbie 101 wrote:

all of the things a people believes about itself that makes large-scale cohesion possible, peoplehood, nationhood

That's what the democratic concept is for, i guess. To let people build a common myth without resorting to killing each other first.

Extra Spicy BloodyMarys or beers for BFF?

EHP,
Did I hear oink oink? Rolling Stone's 2006 article on pig fams is riveting, **Boss Hog **
America's top pork producer churns out a sea of waste that has destroyed rivers, killed millions of fish and generated one of the largest fines in EPA history. Welcome to the dark side of the other white meat......

RFK has an article too. ROBERT F. KENNEDY JR. ON SMITHFIELD FOODS CRIMINAL BEHAVIOUR:
......Millions of tons of fecal stew produced by the meat factories has poisoned groundwaters in 34 states with deadly nitrates
...... A spill from one hog lagoon killed one billion fish in the Neuse River in 1995.
...Hog factory contaminants have also fostered outbreaks of a previously unknown microbe, Pfiesteria piscicida, in America’s coastal waters. Pfiesteria, kills billions of fish and causes open sores that won’t heal, severe respiratory illness and brain damage in humans who handle fish or swim in the water.

merchants of fear wrote:

wonder how much of the '911' trial will be open to the public?

Well, based on the current track record it will probably be a sham. But, as we don't have an open and transparent government anymore SOMEBODY will think it's a sham. Would be nice if everything was public.

What time does the FDIC post which banks its taking over?

Not much time left to vote in BFF poll.

Anecdote of the day.

Karma getting back at me? Nah--I get to charge.

The foreclosure that I actually represent the Plaintiff on--a
couple of actual people a small strip shopping center--no
vacancies--have filed their own Hail Mary pass in the form
of a contract with a loan commitment. Except no money
down (!), a loan commitment that is a letter of interest only,
indicating that the Bank hasn't even got a loan application,
and the buyer/borrower is most likely the foreclosure defendant's
mother..

What fun!!

Terry,
I don't want to join the political back and forth, but I don't remember you normally being so charged up, and I'm just wondering if that is in reaction to other posts here or if there was a recent change in your environment outside CR (eg the CARD act or Dodd's bill)

HomeGnome wrote:

Extra Spicy BloodyMarys or beers for BFF?

Some new microbrews to sample, complements of the son (beer of the month club subscription for Christmas last year)

EHP - '...Idon't care because I think trying to choose a single mastermind misses any relevant point.'

A relevant point might be, however, that one of the biggest Crimes of the New Century anyway should at least have a trial in order to convict those responsible for 911.

The FDIC usually starts around 5 or 6 PM ET, and ends by 9:30 PM (although sometimes they announce earlier or later).

best wishes

I asked my Magic 8 Ball and it said "8" for BFF ... including Frontier Bank in Washington.

tncubsfan wrote:

What time does the FDIC post which banks its taking over?

Starting in about 30 minutes, then rolling across the country - they close them as of the close of business local time.

rps wrote:

Pfiesteria

More environmental wachoism. Would the honest hard workin bidness leaders of Merica, the greatest country on earth, be so immoral as to put their own interests above the interests of Merica? No, of course not.

It's occurred to me that the "American Dream" is essentially "the greater fool" mode of operation: stock prices, real estate, bubble of any kind - it all runs into problems when its difficult to find the greater fool to take whatever of your hands. Marketing and Madison Ave. do their best to convince the greater fool. If a bank fails its because they can't find the greater fool.

You can cast your vote at the "Toys" button at the top of the page.
Drop down menu gives you "Polls".
Cast your vote!
You, too, can be a winner!

EvilHenryPaulson wrote:

I don't want to join the political back and forth, but I don't remember you normally being so charged up, and I'm just wondering if that is in reaction to other posts here or if there was a recent change in your environment outside CR (eg the CARD act or Dodd's bill)

Having to deal with Washington on a daily basis over the past 8 months has me beat down EHP. venting.

You will feel the disturbances in the Force, yound Jedi...

C

NOTaREALmerican (profile) wrote (in reply to...) on Fri, 11/13/2009 - 5:49 pm
Newbie 101 wrote:

all of the things a people believes about itself that makes large-scale cohesion possible, peoplehood, nationhood

That's what the democratic concept is for, i guess. To let people build a common myth without resorting to killing each other first.

Now I'm talking to you specifically: Let me make clear that I'm using the older meaning of the word "myth" that is about more than "made-up stories", and has some positive functions in the art of living. Some faith and hope is necessary to live, but one must be strict about what he grants those to.

EHP,
Hog farms should be looked at...in addition to lab experimentation with viruses and the guarantee that no strains can 'escape' or be stolen from government or private research labs handling and developing viruses and developing vaccines or even bio-weapons from live viruses...just another area to look at IMO...

merchants of fear wrote:

a trial in order to convict those responsible for 911

A trial, however, makes it less of a "war". More like a crime. That could be an issue too.

71 bff votes. Let's get it to 80.

rps,
just when I thought I was out, you pull me back in. what really gets my goat about the factory pig farms, is that they drive responsible farmers out of the market or force them to do the same bad practices. Sure prices would be higher, and I'm okay with that. But if we're talking about prices paid to the farmer, then the real question to bring up is why the meatpackers and retailers get all the money, but that would bring up some thorny anti-trust issues that don't jive with getting support for your next election

Newbie 101 wrote:

but one must be strict about what he grants those to

I'm not sure everybody has the same strictness standards.

I have never been comfortable using 'crime' as a descriptor for 9/11. I don't refer to the Japanese bombing of Pearl Harbor as a crime....9/11 holds the same place. The problem is this is a new kind of war, or more appropriately, a revival of an older type of war. We don't have the attention span for fighting a generational conflict, and yet that is what we find ourselves in.

NaRm,
So why weren't these '911' mastermind guys tried for war crimes?

HomeGnome wrote:

You, too, can be a winner!

Unfortunately "we" are all losers in this game.

Vonbek777 wrote:

9/11 holds the same place

Not too me.

NPR had a biggish pig farmer on a few weeks ago--a person,
not a company--who said he was losing money with every pig,
and would be out of business soon if prices didn't go up.

The other shoe to drop from Yahoo: Deficit doubles for government pension insurer
WASHINGTON (AP) -- The government-chartered company (PBGC) that insures the pensions of one in seven Americans said Friday that its deficit this year nearly doubled to $22 billion.....without major changes, such as higher insurance premiums and less risky investments, the fund eventually will require a taxpayer bailout.
..144 new pension plans that failed during the year ended Sept. 30.
..... The PBGC has been in the red for 29 years in its 35 years of operation.

lawyerliz wrote:

NPR had a biggish pig farmer on a few weeks ago--a person,
not a company--who said he was losing money with every pig,
and would be out of business soon if prices didn't go up

Had lunch with the president of one of the farm credit banks last week - loans to hog operations is their biggest problem right now

Have a Rum and Coke and relax.
Or snort a huge line of powdered wasabi!
Choice is yours.

Understood...it doesn't for everyone. I won't argue the point. Suffice to say, my dad was in the office of the general killed at the pentagon two days before the attack. It affected me differently.

I'm paying under $1.50 retail for a number of cuts. Nobody can be making money at that price.

badger wrote:

Nobody can be making money at that price.

They make it up on volume? Property appreciation?

including Frontier Bank in Washington.

I think that there will be a minimum of 2 in Washington, including Frontier. Rainier Pacific ran out of time on Tuesday. We also have not had any closures for quite some time.

My alma mater takes some excess hotel capacity off the market. Not a bad solution I must say.

Dorms go deluxe as universities scoop up hotels - The Globe and Mail

In September, Ms. Tucker moved into McGill's newest residence, the Carrefour Sherbrooke. Up until April, it was the Four Points Sheraton - a swanky 20-storey four-star hotel on the edge of downtown Montreal, just blocks from the university. McGill scooped it up for a cool $18.8-million.

Vonbek777 wrote:

Understood...it doesn't for everyone. I won't argue the point. Suffice to say, my dad was in the office of the general killed at the pentagon two days before the attack. It affected me differently.

My old boss from the late '80s was killed on Flight 11. A really decent guy too-

[The PBGC has been in the red for 29 years in its 35 years of operation]

The Workers' Paradise of Amerika!

badger wrote:

Nobody can be making money at that price.

Farmers are the canaries in the mine for the economy. In the 30's, they were the first ones hit (recall, dumping milk)

Beef cattle are in real trouble too. Don't know about chickens, but the cost of raising chicks is much lower.

alybaba
McGill had hotel-dorms several years ago, I know, giggity giggity

NOTaREALmerican (profile) wrote (in reply to...) on Fri, 11/13/2009 - 6:00 pm

I'm not sure everybody has the same strictness standards.

That would matter less if government were limited.
But government won't stay limited.
And THAT shatters the foundations, not in a small way, but fundamentally.

I'm here, I'm here, but will be off to Merritt Island soon.

Pork shoulder roast 88c / lb at Kroger.

Yeah, and the pain hasn't stopped. Pretty bad when the first thing you talk to your dad about on the phone is do you remember so and so...you were maybe 6, so you probably don't....he punched his ticket today...or worse yet, do you remember the so and so family, you used to play with the oldest boy...he went into the army, just visited him at the hospital, lost both legs and a arm, you should try to write a letter. Military community is big, but it is still pretty small. It is taking a toll.

Vonbek777 wrote:

It affected me differently.

Well, having somebody killed is different but I thought you meant is 911 like Pearl Harbor. 911 is more like the Oklahoma Federal building to me.

Newbie 101 wrote:

But government won't stay limited.

It can't stay limited because there are very smart people, with different standards than you (and I, perhaps), that understand it doesn't benefit them to have it stay limited. Concentrating the loot in one place makes it much easier to steal.

EHP,
RFK jr. has been pig storming for years. His article is a must read. Caution: blood boiling, steam outta ears, hand ear plugs to spouse as decibel levels reach untenable levels....
excerpt: I can tell you that any farmer who signs a contract with Smithfield will become a serf on his own land. Here’s how Smithfield took over the family farms in America.
"......The desperate farmers will sign the contract the way Smithfield writes it.

Typically the contract requires the farmer to use his farm for security and borrow approximately $200,000 to build a warehouse according to Smithfield’s specifications. The company promises him approximately $20,000 per year. The farmer owns the warehouse and pays the insurance and interest to the bank. Under the contract, Smithfield owns the feed and the pigs, but the farmer owns the manure. Smithfield does not pay him enough to legally dispose of the manure.
Smithfield’s contract is typically good for only one-year even though it’s going to take the farmer twenty years to pay off the mortgage.

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