In which a group of graying eternal amateurs discuss their passions, interests and obsessions, among them: movies, art, politics, evolutionary biology, taxes, writing, computers, these kids these days, and lousy educations.

E-Mail Donald
Demographer, recovering sociologist, and arts buff

E-Mail Fenster
College administrator and arts buff

E-Mail Francis
Architectural historian and arts buff

E-Mail Friedrich
Entrepreneur and arts buff
E-Mail Michael
Media flunky and arts buff


We assume it's OK to quote emailers by name.







Try Advanced Search


  1. Seattle Squeeze: New Urban Living
  2. Checking In
  3. Ben Aronson's Representational Abstractions
  4. Rock is ... Forever?
  5. We Need the Arts: A Sob Story
  6. Form Following (Commercial) Function
  7. Two Humorous Items from the Financial Crisis
  8. Ken Auster of the Kute Kaptions
  9. What Might Representational Painters Paint?
  10. In The Times ...


CultureBlogs
Sasha Castel
AC Douglas
Out of Lascaux
The Ambler
PhilosoBlog
Modern Art Notes
Cranky Professor
Mike Snider on Poetry
Silliman on Poetry
Felix Salmon
Gregdotorg
BookSlut
Polly Frost
Polly and Ray's Forum
Cronaca
Plep
Stumbling Tongue
Brian's Culture Blog
Banana Oil
Scourge of Modernism
Visible Darkness
Seablogger
Thomas Hobbs
Blog Lodge
Leibman Theory
Goliard Dream
Third Level Digression
Here Inside
My Stupid Dog
W.J. Duquette


Politics, Education, and Economics Blogs
Andrew Sullivan
The Corner at National Review
Steve Sailer
Samizdata
Junius
Joanne Jacobs
CalPundit
Natalie Solent
A Libertarian Parent in the Countryside
Rational Parenting
Public Interest.co.uk
Colby Cosh
View from the Right
Pejman Pundit
Spleenville
God of the Machine
One Good Turn
CinderellaBloggerfella
Liberty Log
Daily Pundit
InstaPundit
MindFloss
Catallaxy Files
Greatest Jeneration
Glenn Frazier
Jane Galt
Jim Miller
Limbic Nutrition
Innocents Abroad
Chicago Boyz
James Lileks
Cybrarian at Large
Hello Bloggy!
Setting the World to Rights
Travelling Shoes


Miscellaneous
Redwood Dragon
IMAO
The Invisible Hand
ScrappleFace
Daze Reader
Lynn Sislo
The Fat Guy
Jon Walz

Links


Our Last 50 Referrers







« Good Reading / Good Writing | Main | The S Word »

September 22, 2008

Buy it, Henry!

Friedrich von Blowhard writes:

Dear Blowhards,

If you need some comic relief at the prospect of our Secretary of the Treasury, Hank Paulson, using your tax dollars to buy ‘distressed assets’ from financial professionals who make lots more money than you ever will, check out Buy My Shitpile, Henry. (Hat tip to Barry Ritholtz.)

With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their "distressed assets", i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we'd give regular Americans the same opportunity to sell their bad assets to the government.

Don’t hold back! Don’t be modest. Your ‘distressed assets’ are just as good as theirs are…in fact, probably a whole lot better!

Cheers,

Friedrich

posted by Friedrich at September 22, 2008




Comments

I'm watching the opening statements in the Senate Banking hearing on CSPAN now, and both the Democrats and Republicans seem pretty clear that they will modify the Treasury bailout proposal significantly. They will of course do a major bailout, but it doesn't seem like they're going to give the blank check.

Paulson and Bernanke look upset -- this is going to be interesting.

Posted by: MQ on September 23, 2008 10:04 AM



Sherrod Brown -- a good populist Senator -- says his phones have been "ringing off the hook" and the sentiment among Ohioans on the bailout is "universally negative".

Posted by: MQ on September 23, 2008 10:25 AM



We figured that instead of protesting this plan, we'd give regular Americans the same opportunity to sell their bad assets to the government.

But . . . the banks already gave us that deal! Isn't part of the problem here that the regular American turned out to be more of a deadbeat than those banks foolishly banked on?

Posted by: Taeyoung on September 23, 2008 10:29 AM



At this point it feels like the Iraq War all over again, with our elites, led by the Bush Administration, screaming "crisis" and rushing the country into something huge and expensive that no one really understands. The one heartening thing is that this time the American public is screaming "stop."

Bottom line: Americans with dicey loans have been losing their homes in record numbers for many months now. They've swallowed the foreclosures, the bankruptcies, the higher gas prices, the stagnant wages, the never-ending war. With the exception of the one "stimulous" check, no one in Washington has cut them any breaks, offered them any deals. And they've sucked it up. This bailout feels like the final slap in the face.

Posted by: Steve on September 23, 2008 12:10 PM



Thanks friedrich,

All my friends have it now.(with attribution)

Posted by: Ramesh on September 23, 2008 12:25 PM



Pieces of string too short to be of any use. Broken rubber bands.

Posted by: dearieme on September 23, 2008 1:44 PM






Post a comment
Name:


Email Address:


URL:


Comments:



Remember your info?