Mish highlights some nice quotes form Nassim Taleb. I found this bit particularly poignant:
Normally debt would get destroyed and turn to air. Debt is a mistake between lender and borrower, and both should suffer. But the government is socializing all these losses by transforming them into liabilities for your children and grandchildren and great-grandchildren. What [...]
KD catches Sheila Bair trying to pull a fast one. Even more fascinating when you realize these fucking banks just pulled a fast one on Ms. Bair in Q3. Don’t say you wasn’t warned! ROFLMAO!
Explore: Level 3 assets.
Paul’s Boutique to get the ‘20th Anniversary’ treatment? (Pitchfork) – please don’t ‘remaster’ this recording!
New Blank Dogs track posted from upcoming album on In The Red Records (Myspace) – looking forward to buying this in multiple formats…
“Papa” tract (Chick) – nutty xtians vs nutty catholics… I couldn’t make this shit up!
Letter to Hank Paulson, from [...]
If you believe this, I have some troubled-assets I’d like to sell you.
A vicar attended hospital with a potato stuck up his bottom – and claimed it got there after he fell on to the vegetable while naked.
The clergyman, in his 50s, told nurses he had been hanging curtains when he fell backwards on to [...]