640/4 = 160 weeks of closures.

I don't see any problem here.

at least now I have ebay banner ads instead of the Leggs Hanes Bali site

Most FDIC job postings are "NTE" , not to exceed 2 years.
I'm thinking that will change.

At least they are posting jobs....

I'm kind of curious about the culture at a place like that. The culture at a place where layoffs are coming within the next year is pretty toxic. We had a CEO replacement (CEO retired) where I was. Everyone was running around like a chicken with his head cut off trying to justify his existence.

badger wrote:

I'm kind of curious about the culture at a place like that. The culture at a place where layoffs are coming within the next year is pretty toxic. We had a CEO replacement (CEO retired) where I was. Everyone was running around like a chicken with his head cut off trying to justify his existence.

You should talk to my wife - she has been through multiple waves of layoffs - rehires - more layoffs. The place is absolutely schizo. FDIC can't be too unlike that.

Rajesh wrote:

Reminder, Daylight Savings Time begins tonight. Government is interfering with your biological clock.

That issue alone makes moving to Arizona attractive.

DST sort of illustrates that bad ideas never seem to go away.
Is there a Gresham's Law for laws?

I did my best to help.

Sorry it fell short of the glory.

dryfly wrote:

Means the NET reduction was one bank out of 640... at this rate it will take 640 weeks or 12 years 3 months.

I sure would like to see a chart on that.,.

tell your cousin, the redhead with the big eyes, "Sorry about the rash."

Blackhalo wrote:

I sure would like to see a chart on that.,.

The interesting weeks are when we accumulate... add more bad banks than are euthanized by Sheila. In those weeks the horizon goes to infinity and beyond.

sm_landlord wrote:

DST sort of illustrates that bad ideas never seem to go away.

When I was a kid, it was justified: "So the children had light on their walks to school".

When kids stopped walking to school, it was: "It saves energy!"

When a study disproved that, it now stands: "It would be too disruptive to change now!"

That's weak.

daylight savings means we should see the standard, "gas prices went up due to daylight savings" articles.

I've yet to see any justification for this rationale, I'm assuming it must be that many people are too stupid to realize they have headlights. Or it is completely bogus like most other explanations for market moves.

DCRogers wrote:

Gas prices unexpectedly went up due to daylight savings...

Revenues (or mortgage apps, or retail sales) are down due to fewer hours in the reporting period.

RayOnTheFarm wrote:

Did he rejoin Bair's army, or is he still here with a different nick ?

He was just on last night...

I think he was posting last night. I checked in quickly to see whether sheila brought home the bacon for me (shakes fist in her general direction) but didn't stick around to read.

I love daylight savings time. I never changed the clock in my
car, so I don't have to change it now. (It wasn't right even 2ce
a day!)

Juvenal Delinquent wrote:

So you are saying the banks are merely threading water?

I'm saying Sheila isn't doing her job. Move the product or move on.

Turn over = Inventory divided by [Outgoing minus Incoming].

If she keeps adding to the incoming [new banks on the list] then she needs to increase the rate of the outgoing [BFF closures & cures]... else this is going to take FOREVER.

Simple inventory management. Do your job Sheila.

I have read that daylight savings time was actually instituted at the request of the Kingsford charcoal company who paid handsomely into campaign coffers for the law... Kids going to school!! hahaha!!!

ShadowInventory wrote:

who paid handsomely into campaign coffers for the law... Kids going to school!! hahaha!!!

I guess that "It's for the Chiiiildren" line has some history.

I keep losing time in my jalopy and the clock was off by about 48 minutes after a few years, and my wife coud take it no more and ruined my time-space continuum experiment by setting the clock back to reality.

Juvie's car clock rules the world!!

(He could reset it 48 minutes a minute or 2 each day,
and gaslight his wife, except she'd no doubt figure it out
in a day. I image Juvie is ummm, lively to live with. )

lawyerliz wrote:

What is the GS level of these people?

iz in ur payroll.

dryfly wrote:

Simple inventory management. Do your job Sheila.

They also violate the "FIFO" rule of inventory -- first in, first out. There's no reason that there's not a clearly-defined (and timed) pathway for the resolution of enforcement actions -- some of the banks have been on there for five years, for goodness sakes; many others have been closed without even passing through purgatory status. It's chaos.

All 4 of the banks closed this week, were closed by state regulators. The assets were then transfered to the FDIC (acting as receiver).

Could it be the state regulators who are dragging their feet on closing more banks ?

ShadowInventory wrote:

Kids going to school!!

Daylight saving time - Wikipedia, the free encyclopedia

yeah, maybe, but the guy that headed it up died

Sigh of relief, not up to level.

DCRogers wrote:

some of the banks have been on there for five years, for goodness sakes;

Sheila must not have open order [to close] those banks - in inventory mgmt you only ship the open orders. Time to obsolete those banks or ship them.

Sure, at first I thought the car was embezzling from me, and it knew all about how I had been the cause of it's assorted bumps, bruises, panes, etc, along with the ignomy of being run into a few times by other autos obviously envious of mine from behind, and maybe it thought I wouldn't miss a second here, a second there?

volker the viking wrote:

Daylight saving time - Wikipedia, the free encyclopedia

That just reminded me of the billion dollar boondoggle in 2007 when they changed the DST change dates. I had to update a whole server farm, some of them manually because patches were not available.

OK, discussing DST is a bit like discussing the future of ultra-short EFT's (yeah, that hurts) but a quick story.

A few years ago I was at an Elderhostel in Canada and found that (among other reasons) the Canadians had a hate on for Bush II as around 2006 he unilaterally declared the US would move DST up by four weeks; this just a month or so before it was to happen.

The Canadians, being good (subservient) neighbors, had been adhering to the time changes in neighboring US states. But this blindsided them as they were all set for the expected date and it was quite a deal to make changes so late.

They were not happy.

EDIT: Jives with sm_landlord's comment; I had the year wrong.

Well I was happy. I loved the year it was dst all year round.

They thought they could send Alan Thicke here and there wouldn't be any repercussions?

? !! Sooooooooo-eeeeeeee.

Come little .

Here's a Hoocoodanode for you:

What Is That Whistling Sound?: Deflation Shows Up In Qatar

Oh, my, people fall for stuff like this?

as I've posted, I think a few mtges will prove unenforceable,
but, it will be like winning the lottery.

Now there are 210 silent guests on line.

Say something, I'm bored, and I'm dangerous when I'm bored.

The thing to do is almost always the opposite of what everyone else
is doing.

proponderance of the evidence suggests that emerging market equities and bonds are the herd.

bANK fAILURE wrote:

proponderance of the evidence suggests that emerging market equities and bonds are the herd.

That is my read as well. But who knows when the herd will turn?

I put in so many icons it closed on me.

Based on Friday's experience, seems like s under the
mattress may be the safest example. They SAY I got my money back, but if
they hadn't yanked it back, what protection would I have have had.

:sheep: :cow: :cow: :cow:

bANK fAILURE wrote:

golds intermediate term downtrend, 850 might be a buying opportunity.

You think it will even get that far down?

bANK fAILURE wrote:

golds intermediate term downtrend, 850 might be a buying opportunity.

Yah. And? When? S&P will be a buying opportunity at 580 too.

I think you are more likely to see 1200 S&P before you see 580.

A realtor hate crime?

Does that count?

We used to say that about lawyers

I think you are more likely to see 1200 S&P before you see 580.

Obviously - given no surprises.

So there can't be a hate crime against a white by definition?

The guy had a 10m or whatever house in Hawaii, with ponies, cows and sheep,
and he felt the need to getaway to Colorado?

Maybe he knew they were comin' after him.

White straights are so special any hate just rolls right off.

White straights are so special any hate just rolls right off.

Hate always sticks.

I asked a couple of days ago, but is anybody forming any new banks?

Hey, that's the opposite of what everybody else is doing!

There is enough prejudiced to go around between all groups here, so it kind of evens out.
Reminds of the SNL skit with Eddie Murphy. "Kill my landlord" - He rented me a room I couldn't afford, kill my landlord, kill my landlord.

Kauai_Kahuna wrote:

Reminds of the SNL skit with Eddie Murphy. "Kill my landlord" - He rented me a room I couldn't afford, kill my landlord, kill my landlord.

Hey!!!

I guess I'd better improve my screening process....

lawyerliz wrote:

Things and people have rather got better since then.

Things may have gotten better since then. People, I wouldn't bet on.

lawyerliz wrote:

I am soothing myself by reading again about the Black Plague.

More , please.

Gotta go, places to see, people to go, and yes, that is a erism.

Some time before the plague--25? There had been a horrific
famine. (as opposed to a "normal" famine.) Europe was teetering on the brink with over population
for quite a while.

The thing is, we don't want to deal with exponents and power laws with
regard to population control because the world is sporadically extremely
dangerous and deadly so we HAVE to be able to breed like lemmings
after megadeaths to survive. As do other animals and plants.

Call it unintelligent design.

Then, when we are really overcrowded and pressured, we do
awful things to each other. Plus, in most times and places, when
somebody in the upper classes falls, it is very very far to fall, so
they try to steal and/or hoard as much as possible.

lawyerliz wrote:

Europe was teetering on the brink with over population for quite a while.

Overcrowded cities with poor sanitation contributes to, if not causes, plagues. Breeding like lemmings invites megadeaths. The more we eliminate the common causes of death, the more we invite the uncommon causes.

Yeah, but the Black Plague came from China. Marmots and fleas
and plague germs, oh no. Marmots and fleas and plague germs, oh,
no.

If populations had been lower, then maybe fewer pecentage wise would
have died. But really, who knows?

You can blame the Mongols, I suppose, but not for the usual reason,
but the reason that they opened up trade over the continent, which is
supposed to be a good thing.

lawyerliz wrote:

but the Black Plague came from China.

The Black Plague came from China via the Turks. If you live like civilized people with a functioning medical profession, the plague was a minor problem. If you live in squalor with superstitious cranks in positions of authority, especially the so-called "doctors", the plague brings nations near to collapse.

skewed wrote:

Now there are 210 silent guests on line.
Say something, I'm bored, and I'm dangerous when I'm bored.

"After the US peaked in the early '70s we used imported oil to keep the party going, but that was more expensive - not in terms of notional $ per barrel, but in the cost of an expanding empire and the military to drive it. Also we created a culture of debt to go along with it, and naturally the sociopaths figured out how to milk a population who had accepted absurd debt levels as "normal". Once people became confused between debt and wealth, we saw no need to actually produce anything and accepted farming all that out. That in turn created large industrial rivals for that already expensive oil (or at least accelerated that process).

Just as the debt culture was manipulated to create a bubble of insane proportions with world demand at an all time high, the world production peaked and the increase in fuel cost popped the bubble and kicked a teetering economy over the edge. Now the party is getting very strange, and it might be nice to go home, but it's somehow hard to find the door...."
--Twilight

skewed wrote:

But the traditional Chinese system did continue until ~1800

Mao, Deng and their successors are pretty much traditional emperors, just with different titles and non-hereditary (so far.)

There are some female Chinese ex-pats who are writing mystery
novels now, and they are referring to "red princes" and "red princesses".

I find it weird.

My take is that Mao really tried to revolutionize Chinese culture, with unfortunately nasty methods, but he didn't really succeed. Be that as it may, I've been quite impressed by the cosmopolitan outlook and good English of young people coming here from mainland China.

Why is this list unofficial?

skewed wrote:

Now there are 210 silent guests on line.

You just lost several wankers

Yep, religious types often do this.

You leave well enough alone, and the kids and grandkids
can't stand it any more.

If we just leave Iran ALONE, it will implode by itself.

Rajesh wrote:

Mao, Deng and their successors are pretty much traditional emperors, just with different titles and non-hereditary--

Good point, The Cultural Revolution was about feudalism, and Confucian family dogma, and had little to do with Marx.
China is a country that is a Corporate Feudal State.

Doc Holiday wrote:

Our golf course thing is almost at critical stage, and crap-loads of fur about to fly!

Hey, even Republican Golfers are feeling the pain. We need compassion, then we will turn those courses into vegetable gardens.

And in other religious news, the evening news was beating
up on the pope--a confrontation from before he became pope
was actually shown--for failure to get rid of pedophiles.

And this fundy
Texas guy is changing history and schoolbooks for the
nation.

trouble is, the report wasn't specific enough to be interesting.

For example they had some pro-slavery quotes from Jefferson
Davis. (This was supposed to be a bad thing.)
I think that reading them would be interesting in a horrific
sort of way, and could spark some heavy high school discussion.

And, surprise, surprise, he doesn't like Darwin.

He got unelected, but doesn't plan to change his ways during his
lame duckness.

Cool, I guess, keep us up to date.

lawyerliz wrote:

Texas guy is changing history and schoolbooks for the
nation.
trouble is, the report wasn't specific enough to be interesting.

Liz- More data from the liberal center.
Texas Conservatives Win Curriculum Change - NY Times

ghostfaceinvestah wrote:

640/4 = 160 weeks of closures.

It's where the job growth is going to come from. Between staffing up at the Census Bureau and the FDIC the UE rate will surely stay below 12%.

adornosghost wrote:

Good point, The Cultural Revolution was about feudalism, and Confucian family dogma, and had little to do with Marx.

Communism & feudalism is pretty similar... peasant is to comrade what lord is to party boss.

China is a country that is a Corporate Feudal State.
I don't know about feudal--the hereditary aristocracy only had the power to appoint bureaucrats to administer the far-flung provinces. But it is true that that the current system is not Marxist.

Hahahahahahahahahahahahahah

Ed - Mtn View wrote:

Heritage Bank

Never eat at a place called Moms, never play poker with a guy named Doc............

what's the difference between Corporate Feudal State ( China ) and inverted totalitarianism ( America ) ?

you get a for best answer

dryfly wrote:

Communism & feudalism is pretty similar... peasant is to comrade what lord is to party boss.

Well, we are not speaking of Marx, but Russia in 1935.
One must give the Soviets credit on some levels--
In 50 years, they went from a country of 70% of the population was feudal serfs, to putting a man in space.
Of course, hierarchy always favors elite's. just look at the USSR, or the USA.

texas eliminating teaching the doctrine of separation of church and state

emphasizing that america is a jewish christian country

taking jefferson out of the discussion of the enlightenment and replacing him with aquinas
(jefferson was a deist)

downplaying some civil rights and cultural diversity issues

some other stuff....., who cares

when i spent a summer with my my parents who lived in san antonio

i was amazed at how many people when we were discussing science (geology..brother and dad oil exploration and marketing petro chem)

over and over they told me earth was 6000 years old and dinosaurs lived with adam an eve and then died out in noahs great flood which also btw carved out the grand canyon

i was amazed

mock turtle wrote:

over and over they told me earth was 6000 years old and dinosaurs lived with adam an eve and then died out in noahs great flood which also btw carved out the grand canyon
i was amazed.

The poor bastards are so frightened of the groundless nature of their desperate lives, that any story that makes some sense they will cling to, no matter how embarrassing or imagination challenged.

dryfly wrote:

I got that from a class in Modern History I took in college.

My thesis was on anarchism and the Russian Revolution.
I spent some time on the subject.

The opposite of THEBRO?

Rajesh wrote:

The official FDIC problem bank list with 750 banks is officially secret.

You all can keeping calling them problem banks, but I'll be calling them opportunity banks.

Yves on Lehman fraud:

BNN Video Player

YouTube - Boxing- Ben Folds Five

Im doin Ben Folds tonight.

adornosghost wrote:

The poor bastards are so frightened of the groundless nature of their desperate lives, that any story that makes some sense they will cling to, no matter how embarrassing or imagination challenged.

One of my wife's friends used to teach high school science. One of the local fundie churches teaches that men have different number of ribs than women (because Adam had a rib removed to make Eve). The church youth would come to class sure that this was true. She would show them models of male and female skeletons, and they've have a crisis of faith right there in third period.

That kind of "fact"-based faith is very rigid and very fragile. It only survives if you keep your fingers in your ears, eyes closed and sing "LA-LA-LA" constantly in a loud voice. None of which are good survival tactics in a changing world. While many fundie churches are tight-knit organizations with strong internal support systems for members, I will observe with interest how well such belief systems fare in the next ten years.

Bob Dobbs wrote:

I will observe with interest how well such belief systems fare in the next ten years.

They may be vibrant and ascending in numbers.
A Corn Pone Hitler would seal the deal, and looking at the rise of right wing populism, it is a real probability.

adornosghost wrote:

Corn Pone

""You tell me whar a man gits his corn pone, en I'll tell you what his 'pinions is."'

I :heart: Mark Twain

... Broadly speaking, there are none but corn-pone opinions. And broadly speaking, corn-pone stands for self-approval. Self-approval is acquired mainly from the approval of other people. The result is conformity. Sometimes conformity has a sordid business interest -- the bread-and-butter interest -- but not in most cases, I think.

adornosghost wrote:

They may be vibrant and ascending in numbers.
A Corn Pone Hitler would seal the deal, and looking at the rise of right wing populism, it is a real probability.

It is a possibility -- one I've readily admitted. But to be "vibrant and ascending in numbers," they'll have to deliver something to the populace. Security in some form; food, lodging, health care, whatever. The Nazis rose to power because they took care of their followers in a time when no one else was, and harnessed the rage. Some fundie or non-fundie outfit might do this, but I'm not sure the current members would be willing to bankroll it -- them being told all this time that all they have to do for salvation is get right with their personal savior. Pretty tight with their pocketbooks, many of them.

Nancy Pelosi is Dr. Evil in a red dress

I wonder what the plan is for these - throw more money at them and reward them for their greed and incompetence?

Doc Holiday wrote:

Evil in a red dress

Devil with the Blue Dress...

Tim waiting for 2012 wrote:
The Dropout Economy - 10 Ideas for the Next 10 Years - TIME
Pretty lame, but useful in that it is a definite sign that we are getting closer to capitulation, albeit capitulation fully engaged in and

Tim waiting for 2012 wrote:

The Dropout Economy - 10 Ideas for the Next 10 Years - TIME

"Some predictions....in the year 2050, the nation-state will still be the dominant form of political organization, with a few new nation-states added to the UN. The US will still be the dominant global economic and military power, even if China has a somewhat larger GDP because of its larger population. Most energy will still be derived from fossil fuels, and nuclear power will will account for an increasing share of global electricity production, while wind and solar power will still be negligible. Most people will get from place to place by means of cars, buses, taxis and planes, not fixed rail. Thanks to bio-tech advances, people will live longer and healthier lives."

i wonder what color the sky is on the planet this being lives on?