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6841 [lbo-talk] The Crisis in Germany -- rank: 1000

On Oct 6, 2008, at 8:03 AM, Angelus Novus wrote: > The plan is to guarantee private deposits (checking, > savings, and forward accounts) to the tune of 1000 > billion euro. This primarily seems designed to > prevent a run on the banks by average citizens, rather > than to protect the assets of companies. I guess > that's "social democracy" for you. The U.S. has been doing it for 70 years. And that ain't social democracy. Doug

Document Size:	5013
Author:	Doug Henwood
Date:	Mon Oct 6 09:24:51 PDT 2008

6842 [lbo-talk] question for those opposed to the bailout -- rank: 1000

On Oct 4, 2008, at 7:48 PM, Carrol Cox wrote: > I never made an argument, but if I had it would have been that it > was a > bad joke to discuss it on this list as if anyone's opinion here made > the > slightest difference. A classic example of sandbox politics. Never discuss anything. Just let the big boys take care of things and wait for...something.

Document Size:	5103
Author:	Doug Henwood
Date:	Sun Oct 5 12:38:55 PDT 2008

6843 [lbo-talk] question for those opposed to the bailout -- rank: 1000

On Oct 4, 2008, at 5:58 PM, Gar Lipow wrote: > One thing that the left and right seemed to agree on is this "Mark to > Market" thing. Doug, or someone who knows - is this as > counterproductive a quack nostrum as it seems? Or is there a net > benefit for someone besides wall street in letting banks inflate their > estimates of asset value again? Isn't this kind of thing part of how > we got into this mess to begin with. Suspending mark to market is a kind of "for ...

Document Size:	5866
Author:	Doug Henwood
Date:	Sun Oct 5 12:38:13 PDT 2008

6844 [lbo-talk] no anal required -- rank: 1000

I'm so disappointed. I'd love to see Sarah strap one on, throw old John boy over the back of the sofa, and plow her point home. Doug

Document Size:	4555
Author:	Doug Henwood
Date:	Sun Oct 5 12:26:52 PDT 2008

6845 [lbo-talk] question for those opposed to the bailout -- rank: 1000

On Oct 4, 2008, at 4:59 PM, shag wrote: > i was following the conversations, but i never got a good handle on > why people were opposed to the bailout. i am trying to see if i can > sum of the various classes of argument, and you can correct me: > > for some, it was obviously that the bailout was crap because it > wasn't radical enough. we should have used this as an opportunity to > force wall st types and their lackeys in congress to make important > changes to the syst ...

Document Size:	5684
Author:	Doug Henwood
Date:	Sat Oct 4 14:15:45 PDT 2008

6846 [lbo-talk] of actors and politicians -- rank: 1000

Almost every word in the definition is obsolete or irrelevant, but who's counting? On Oct 4, 2008, at 12:41 PM, Chris Doss wrote: > > > Does anybody still believe this definition? > > --- On Fri, 10/3/08, Charles Brown <charlesb at cncl.ci.detroit.mi.us> > wrote: >> ^^^ >> CB; Fascism is the open ( as opposed to veiled)terrorist >> rule of the >> most reactionary, chauvinist, jingoist sector of finance >> capital in the >> state-monopo ...

Document Size:	5494
Author:	Doug Henwood
Date:	Sat Oct 4 12:14:38 PDT 2008

6847 [lbo-talk] business plan -- rank: 1000

HEARD ON THE STREET, by Peter Lattman from The Wall Street Journal. A humbled Goldman Sachs quietly demonstrated this past week that it still knows how to exploit the weak for profit. http://online.wsj.com/article/SB122308135404404255.html?mod=djemheard

Document Size:	4775
Author:	Doug Henwood
Date:	Sat Oct 4 05:11:26 PDT 2008

6848 [lbo-talk] of actors and politicians -- rank: 1000

On Oct 3, 2008, at 6:09 PM, sawicky at verizon.net wrote: > I'm more skeptical of the bailout. > > At least, I think I am. Why's that left? Plenty of right yahoos are too. Down the road to socialism, you know. Though maybe they're onto something. Doug

Document Size:	4885
Author:	Doug Henwood
Date:	Fri Oct 3 15:15:56 PDT 2008

6849 [lbo-talk] House rejects bailout -- rank: 1000

On Oct 3, 2008, at 5:13 PM, martin wrote: > On Oct 3, 2008, at 2:02 PM, shag wrote: > >> ceiling blowing smoke rings. >> >> think of it like that. I engage in such delights because this fuck >> is boring. >> >> >> shag > > Let someone argue that such silly posturing adds nothing to the > list ! <g> That someone would not be me. Shag is an esteemed and valuable member of this list. Doug

Document Size:	5071
Author:	Doug Henwood
Date:	Fri Oct 3 14:28:27 PDT 2008

6850 [lbo-talk] Blinder & Hubbard: don't lift FDIC insurance caps! -- rank: 1000

[too late now...] FDIC Caps Should Be Retained: Alan S. Blinder, R. Glenn Hubbard 2008-10-02 22:01:00.0 GMT Commentary by Alan S. Blinder and R. Glenn Hubbard Oct. 3 (Bloomberg) -- As the financial crisis that began with subprime mortgages deepens and spreads, the air is full of bold ideas -- some good, some bad. One clear and present danger is that some pretty good ideas might morph into pretty bad ones as panicky people lose sight of the basic objective of whatever rescue package is adopted: t ...

Document Size:	11724
Author:	Doug Henwood
Date:	Fri Oct 3 13:57:51 PDT 2008

6851 [lbo-talk] more vulgar polling data -- rank: 1000

[from Greenberg & Carville's Democracy Corps] By a 47 to 42 plurality, voters say they want their representative in Congress to support the 700 billion dollar plan to purchase troubled mortgage assets as modified by Congress to include limits on CEO pay and repay taxpayers in the long-term. Perhaps more important, in an explicit partisan match-up pitting the named Democratic candidate versus the named Republican candidate in each district, the right Democratic message in support of the ...

Document Size:	7094
Author:	Doug Henwood
Date:	Fri Oct 3 13:53:58 PDT 2008

6852 [lbo-talk] of actors and politicians -- rank: 1000

On Oct 3, 2008, at 4:46 PM, sawicky at verizon.net wrote: > It feels great to be to the left of Henwood. How are you that?

Document Size:	4722
Author:	Doug Henwood
Date:	Fri Oct 3 13:50:29 PDT 2008

6853 [lbo-talk] of actors and politicians -- rank: 1000

On Oct 3, 2008, at 3:35 PM, Charles Brown wrote: > Fascism is the open ( as opposed to veiled)terrorist rule of the > most reactionary, chauvinist, jingoist sector of finance capital in > the > state-monopoly/imperialist phase of capitalism. The US is very much > in > the state-monopoly , finance capitalism, imperialism stage and so it > is > potentially fascist. My god, Charles, you alternate reciting century-old Leninist catechism and liberal Democratic talking points ...

Document Size:	5183
Author:	Doug Henwood
Date:	Fri Oct 3 13:17:28 PDT 2008

6854 [lbo-talk] Market to Congress. The bailout won't work -- rank: 1000

On Oct 3, 2008, at 4:03 PM, Bob Morris wrote: > Since Thursday, when the Senate voted yes on the bailout and passage > by the > House seemed probable, the DOW has dropped 500 points. Hardly a vote > of > confidence in the bailout. (Or maybe it would have dropped anyway.) Two points. They rallied earlier in the week on the assumption that some bailout would pass. Actual passage is an anticlimax. As the Wall Street nostrum goes, buy the rumor, sell the news. And second, in past c ...

Document Size:	5386
Author:	Doug Henwood
Date:	Fri Oct 3 13:16:20 PDT 2008

6855 [lbo-talk] Financial collapse or financial consolidation? -- rank: 1000

On Oct 3, 2008, at 2:42 PM, Jordan Hayes wrote: > Brad Delong quipped (in response to a question about a "Euro- > bailout") that the government of Switzerland isn't big enough to > recapitalize the Union Bank of Switzerland :-) The gov of Deutschland isn't big enough to recap Deutsche Bank either, is it?

Document Size:	5078
Author:	Doug Henwood
Date:	Fri Oct 3 11:50:39 PDT 2008