[Allan from Fallbrook]

Scaredy: Oy vey (for the anti-Semites among us). Clinton did NOT lie about fellatio. Clinton lied about suborning perjury. HUGE difference. It makes me realize what an excellent job the Clintonistas did spinning it that way.

Clinton was deeply embroiled in the Iraq fiasco as well, he simply had the good sense not to invade. Unfortunately for him, however, he has the Iraqi Liberation Act of 1998 and all the various pronouncements of his Administration regarding WMD and the need for “regime change” as his legacy, along with those murderous sanctions and the two year long bombing campaign at the end of his presidency.

Speaking of war crimes: Which President started the policy of extraordinary rendition? Hint: It wasn’t Bush.

And as far as our precious civil liberties go: Check out Clinton’s support of the NSA Echelon and Carnivore programs.

There aren’t political parties anymore, there’s just the maintenance of power and the status quo ante. You think there’s a difference between Clinton and Bush in terms of the “dick” quotient? Forget the front side, and look at the back: They’re all the same asshole, just wearing different colors.

[Allan from Fallbrook]

John and FLUW: Best holiday wishes to you both as well as everyone else. May you all have a safe and happy holiday season.

John, and remember: Nils carborundum illigitimi. Keep the faith, brother.

[Allan from Fallbrook]

John and FLUW: Best holiday wishes to you both as well as everyone else. May you all have a safe and happy holiday season.

John, and remember: Nils carborundum illigitimi. Keep the faith, brother.

[Allan from Fallbrook]

John and FLUW: Best holiday wishes to you both as well as everyone else. May you all have a safe and happy holiday season.

John, and remember: Nils carborundum illigitimi. Keep the faith, brother.

[Allan from Fallbrook]

John and FLUW: Best holiday wishes to you both as well as everyone else. May you all have a safe and happy holiday season.

John, and remember: Nils carborundum illigitimi. Keep the faith, brother.

[Allan from Fallbrook]

John and FLUW: Best holiday wishes to you both as well as everyone else. May you all have a safe and happy holiday season.

John, and remember: Nils carborundum illigitimi. Keep the faith, brother.

[Allan from Fallbrook]

Dave: A couple of things. First, you are approaching this as a banker, and I’d like to approach this an accountant. A cornerstone of the financial system is trust, from both a banking and an accounting perspective. The Enron/Arthur Andersen debacle showed what happens when a company (Andersen) ostensibly there to protect the public trust, abuses it for personal and company gain. We’ve seen the parallels on the banking side this year and it’s led to the demise or acquisition of some the largest players in the market. You made the point some time ago that this situation wasn’t driven by anything other than crappy assets and it was an easter egg hunt to find out who had what crappy assets that they were hiding off book. Similar to LTCM in 1998, it isn’t the size of the company in question, it’s how big their obligations are, and how difficult it is to unwind them. Until we have some level of better transparency, this problem is going to persist and the markets will remain frozen. No trust, no lending.

Second, there is not a politician at any level of American government that is willing to “bell the cat” when it comes to telling the American people the true state of wages, income and standard of living. Things have been going downhill since the 1970s and we’ve papered it over at every level with debt financing. Our manufacturing capability is a shadow of what it once was and we’ve gone from the world’s largest creditor to the world’s debtor. I don’t see Obama, or anyone else for that matter, having a truly honest dialogue with the American people on this subject, because it would be political suicide. Many of the efforts of Paulson, Bernanke, Pelosi, et al, are nothing other than a means of extending the status quo ante and thus avoiding having to have that conversation at all.

[Allan from Fallbrook]

Dave: A couple of things. First, you are approaching this as a banker, and I’d like to approach this an accountant. A cornerstone of the financial system is trust, from both a banking and an accounting perspective. The Enron/Arthur Andersen debacle showed what happens when a company (Andersen) ostensibly there to protect the public trust, abuses it for personal and company gain. We’ve seen the parallels on the banking side this year and it’s led to the demise or acquisition of some the largest players in the market. You made the point some time ago that this situation wasn’t driven by anything other than crappy assets and it was an easter egg hunt to find out who had what crappy assets that they were hiding off book. Similar to LTCM in 1998, it isn’t the size of the company in question, it’s how big their obligations are, and how difficult it is to unwind them. Until we have some level of better transparency, this problem is going to persist and the markets will remain frozen. No trust, no lending.

Second, there is not a politician at any level of American government that is willing to “bell the cat” when it comes to telling the American people the true state of wages, income and standard of living. Things have been going downhill since the 1970s and we’ve papered it over at every level with debt financing. Our manufacturing capability is a shadow of what it once was and we’ve gone from the world’s largest creditor to the world’s debtor. I don’t see Obama, or anyone else for that matter, having a truly honest dialogue with the American people on this subject, because it would be political suicide. Many of the efforts of Paulson, Bernanke, Pelosi, et al, are nothing other than a means of extending the status quo ante and thus avoiding having to have that conversation at all.

[Allan from Fallbrook]

Dave: A couple of things. First, you are approaching this as a banker, and I’d like to approach this an accountant. A cornerstone of the financial system is trust, from both a banking and an accounting perspective. The Enron/Arthur Andersen debacle showed what happens when a company (Andersen) ostensibly there to protect the public trust, abuses it for personal and company gain. We’ve seen the parallels on the banking side this year and it’s led to the demise or acquisition of some the largest players in the market. You made the point some time ago that this situation wasn’t driven by anything other than crappy assets and it was an easter egg hunt to find out who had what crappy assets that they were hiding off book. Similar to LTCM in 1998, it isn’t the size of the company in question, it’s how big their obligations are, and how difficult it is to unwind them. Until we have some level of better transparency, this problem is going to persist and the markets will remain frozen. No trust, no lending.

Second, there is not a politician at any level of American government that is willing to “bell the cat” when it comes to telling the American people the true state of wages, income and standard of living. Things have been going downhill since the 1970s and we’ve papered it over at every level with debt financing. Our manufacturing capability is a shadow of what it once was and we’ve gone from the world’s largest creditor to the world’s debtor. I don’t see Obama, or anyone else for that matter, having a truly honest dialogue with the American people on this subject, because it would be political suicide. Many of the efforts of Paulson, Bernanke, Pelosi, et al, are nothing other than a means of extending the status quo ante and thus avoiding having to have that conversation at all.

[Allan from Fallbrook]

Dave: A couple of things. First, you are approaching this as a banker, and I’d like to approach this an accountant. A cornerstone of the financial system is trust, from both a banking and an accounting perspective. The Enron/Arthur Andersen debacle showed what happens when a company (Andersen) ostensibly there to protect the public trust, abuses it for personal and company gain. We’ve seen the parallels on the banking side this year and it’s led to the demise or acquisition of some the largest players in the market. You made the point some time ago that this situation wasn’t driven by anything other than crappy assets and it was an easter egg hunt to find out who had what crappy assets that they were hiding off book. Similar to LTCM in 1998, it isn’t the size of the company in question, it’s how big their obligations are, and how difficult it is to unwind them. Until we have some level of better transparency, this problem is going to persist and the markets will remain frozen. No trust, no lending.

Second, there is not a politician at any level of American government that is willing to “bell the cat” when it comes to telling the American people the true state of wages, income and standard of living. Things have been going downhill since the 1970s and we’ve papered it over at every level with debt financing. Our manufacturing capability is a shadow of what it once was and we’ve gone from the world’s largest creditor to the world’s debtor. I don’t see Obama, or anyone else for that matter, having a truly honest dialogue with the American people on this subject, because it would be political suicide. Many of the efforts of Paulson, Bernanke, Pelosi, et al, are nothing other than a means of extending the status quo ante and thus avoiding having to have that conversation at all.

[Allan from Fallbrook]

Dave: A couple of things. First, you are approaching this as a banker, and I’d like to approach this an accountant. A cornerstone of the financial system is trust, from both a banking and an accounting perspective. The Enron/Arthur Andersen debacle showed what happens when a company (Andersen) ostensibly there to protect the public trust, abuses it for personal and company gain. We’ve seen the parallels on the banking side this year and it’s led to the demise or acquisition of some the largest players in the market. You made the point some time ago that this situation wasn’t driven by anything other than crappy assets and it was an easter egg hunt to find out who had what crappy assets that they were hiding off book. Similar to LTCM in 1998, it isn’t the size of the company in question, it’s how big their obligations are, and how difficult it is to unwind them. Until we have some level of better transparency, this problem is going to persist and the markets will remain frozen. No trust, no lending.

Second, there is not a politician at any level of American government that is willing to “bell the cat” when it comes to telling the American people the true state of wages, income and standard of living. Things have been going downhill since the 1970s and we’ve papered it over at every level with debt financing. Our manufacturing capability is a shadow of what it once was and we’ve gone from the world’s largest creditor to the world’s debtor. I don’t see Obama, or anyone else for that matter, having a truly honest dialogue with the American people on this subject, because it would be political suicide. Many of the efforts of Paulson, Bernanke, Pelosi, et al, are nothing other than a means of extending the status quo ante and thus avoiding having to have that conversation at all.

[Allan from Fallbrook]

scaredy: You are of course advocating that Clinton be tried for war crimes as well, correct?

I would think the “murder” of 500,000 Iraqi women and children would merit a visit to the Hague.

The partisanship and lack of any sort of reasoning or forethought here makes me want to retch.

It’s like TheBreeze with his moral infantilism and Republicans = Bad and Democrats = Good nonsense.

How about assembling the facts and then arguing your point based on the merits of same?

[Allan from Fallbrook]

scaredy: You are of course advocating that Clinton be tried for war crimes as well, correct?

I would think the “murder” of 500,000 Iraqi women and children would merit a visit to the Hague.

The partisanship and lack of any sort of reasoning or forethought here makes me want to retch.

It’s like TheBreeze with his moral infantilism and Republicans = Bad and Democrats = Good nonsense.

How about assembling the facts and then arguing your point based on the merits of same?

[Allan from Fallbrook]

scaredy: You are of course advocating that Clinton be tried for war crimes as well, correct?

I would think the “murder” of 500,000 Iraqi women and children would merit a visit to the Hague.

The partisanship and lack of any sort of reasoning or forethought here makes me want to retch.

It’s like TheBreeze with his moral infantilism and Republicans = Bad and Democrats = Good nonsense.

How about assembling the facts and then arguing your point based on the merits of same?

[Allan from Fallbrook]

scaredy: You are of course advocating that Clinton be tried for war crimes as well, correct?

I would think the “murder” of 500,000 Iraqi women and children would merit a visit to the Hague.

The partisanship and lack of any sort of reasoning or forethought here makes me want to retch.

It’s like TheBreeze with his moral infantilism and Republicans = Bad and Democrats = Good nonsense.

How about assembling the facts and then arguing your point based on the merits of same?

[Author]

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