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TheBreeze
ParticipantIt’s a good thing we had a Republican in office when 9/11 happened or we never would have caught the guy responsible. Oh wait. Never mind.
By the way, I’m going to laugh my ass off when we catch Bin Laden shortly after Obama takes office. The Republicans have shown that they are unable to find their collective asses with both hands when it comes to fighting terrorism.
ParticipantIt’s a good thing we had a Republican in office when 9/11 happened or we never would have caught the guy responsible. Oh wait. Never mind.
By the way, I’m going to laugh my ass off when we catch Bin Laden shortly after Obama takes office. The Republicans have shown that they are unable to find their collective asses with both hands when it comes to fighting terrorism.
ParticipantIt’s a good thing we had a Republican in office when 9/11 happened or we never would have caught the guy responsible. Oh wait. Never mind.
By the way, I’m going to laugh my ass off when we catch Bin Laden shortly after Obama takes office. The Republicans have shown that they are unable to find their collective asses with both hands when it comes to fighting terrorism.
ParticipantIt’s a good thing we had a Republican in office when 9/11 happened or we never would have caught the guy responsible. Oh wait. Never mind.
By the way, I’m going to laugh my ass off when we catch Bin Laden shortly after Obama takes office. The Republicans have shown that they are unable to find their collective asses with both hands when it comes to fighting terrorism.
ParticipantI think this guy’s a little late to the party. The DOW has already lost almost 2,000 points in a little over a month. If he had said this a month ago, I would consider him a genious.
That said, I wouldn’t be surprised to learn that 6,000 U.S. banks are technically insolvent right now. If all banks marked everything on their books to market tomorrow, 6,000 insolvent banks may look like a drop in the bucket.
In any event, I hope the Fed gets out of the way and lets whatever is going to happen happen. I’d like to see a nice whoosh down that wipes out some major players. We have too much ‘capacity’ in the ‘financial industry’ and that needs to go away. The sooner it happens, the better in my opinion.
Oh, and there was some dude on here a while back predicting DOW 8,000 and I mocked him. At this rate, we’ll be there pretty soon. 🙂
ParticipantI think this guy’s a little late to the party. The DOW has already lost almost 2,000 points in a little over a month. If he had said this a month ago, I would consider him a genious.
That said, I wouldn’t be surprised to learn that 6,000 U.S. banks are technically insolvent right now. If all banks marked everything on their books to market tomorrow, 6,000 insolvent banks may look like a drop in the bucket.
In any event, I hope the Fed gets out of the way and lets whatever is going to happen happen. I’d like to see a nice whoosh down that wipes out some major players. We have too much ‘capacity’ in the ‘financial industry’ and that needs to go away. The sooner it happens, the better in my opinion.
Oh, and there was some dude on here a while back predicting DOW 8,000 and I mocked him. At this rate, we’ll be there pretty soon. 🙂
ParticipantI think this guy’s a little late to the party. The DOW has already lost almost 2,000 points in a little over a month. If he had said this a month ago, I would consider him a genious.
That said, I wouldn’t be surprised to learn that 6,000 U.S. banks are technically insolvent right now. If all banks marked everything on their books to market tomorrow, 6,000 insolvent banks may look like a drop in the bucket.
In any event, I hope the Fed gets out of the way and lets whatever is going to happen happen. I’d like to see a nice whoosh down that wipes out some major players. We have too much ‘capacity’ in the ‘financial industry’ and that needs to go away. The sooner it happens, the better in my opinion.
Oh, and there was some dude on here a while back predicting DOW 8,000 and I mocked him. At this rate, we’ll be there pretty soon. 🙂
ParticipantI think this guy’s a little late to the party. The DOW has already lost almost 2,000 points in a little over a month. If he had said this a month ago, I would consider him a genious.
That said, I wouldn’t be surprised to learn that 6,000 U.S. banks are technically insolvent right now. If all banks marked everything on their books to market tomorrow, 6,000 insolvent banks may look like a drop in the bucket.
In any event, I hope the Fed gets out of the way and lets whatever is going to happen happen. I’d like to see a nice whoosh down that wipes out some major players. We have too much ‘capacity’ in the ‘financial industry’ and that needs to go away. The sooner it happens, the better in my opinion.
Oh, and there was some dude on here a while back predicting DOW 8,000 and I mocked him. At this rate, we’ll be there pretty soon. 🙂
ParticipantI think this guy’s a little late to the party. The DOW has already lost almost 2,000 points in a little over a month. If he had said this a month ago, I would consider him a genious.
That said, I wouldn’t be surprised to learn that 6,000 U.S. banks are technically insolvent right now. If all banks marked everything on their books to market tomorrow, 6,000 insolvent banks may look like a drop in the bucket.
In any event, I hope the Fed gets out of the way and lets whatever is going to happen happen. I’d like to see a nice whoosh down that wipes out some major players. We have too much ‘capacity’ in the ‘financial industry’ and that needs to go away. The sooner it happens, the better in my opinion.
Oh, and there was some dude on here a while back predicting DOW 8,000 and I mocked him. At this rate, we’ll be there pretty soon. 🙂
ParticipantHere’s some more info on Somalia for you, AN:
[quote]
Journalist Kevin Sites, after a trip to anarchic Somalia, reported that “Somalia, though brutally poor, is a kind of libertarian’s dream. Free enterprise flourishes, and vigorous commercial competition is the only form of regulation. Somalia has some of the best telecommunications in Africa, with a handful of companies ready to wire home or office and provide crystal-clear service, including international long distance, for about $10 a month.”[17] Abdullahi Mohammed Hussein of Telecom Somalia stated that “the government post and telecoms company used to have a monopoly but after the regime was toppled, we were free to set up our own business”,[18] The World Bank reported in 2007 that only about 1.5% of the population had a telephone[14] resulting in the emergence of ten fiercely competitive telephone companies.[19] According to the CIA World Factbook, private telephone companies “offer service in most major cities” via wireless technology, charging “the lowest international rates on the continent”,[3] while The New York Times has noted the private provision of mail services.[2] The Economist cited the telephone industry in anarchic Somalia as “a vivid illustration of the way in which governments…can often be more of a hindrance than a help.”[20] Gaalkacyo, a desert town in the central Somalia, was provided with streetlights by local entrepreneur Abdirizak Osman, who expanded his enterprises from telecommunications to power generators, not only lighting the town but also supplying free electricity to the local hospital.[19] Since the fall of the government, dozens of private newspapers, radio and television stations mushroomed (Mogadishu has two fiercely competing TV stations[19]), with private radio stations or newspapers in almost all major towns.[/quote]
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
I bet you would love it there, AN. No rules, regs, or government to get in the way of your capitalist dreams.
ParticipantHere’s some more info on Somalia for you, AN:
[quote]
Journalist Kevin Sites, after a trip to anarchic Somalia, reported that “Somalia, though brutally poor, is a kind of libertarian’s dream. Free enterprise flourishes, and vigorous commercial competition is the only form of regulation. Somalia has some of the best telecommunications in Africa, with a handful of companies ready to wire home or office and provide crystal-clear service, including international long distance, for about $10 a month.”[17] Abdullahi Mohammed Hussein of Telecom Somalia stated that “the government post and telecoms company used to have a monopoly but after the regime was toppled, we were free to set up our own business”,[18] The World Bank reported in 2007 that only about 1.5% of the population had a telephone[14] resulting in the emergence of ten fiercely competitive telephone companies.[19] According to the CIA World Factbook, private telephone companies “offer service in most major cities” via wireless technology, charging “the lowest international rates on the continent”,[3] while The New York Times has noted the private provision of mail services.[2] The Economist cited the telephone industry in anarchic Somalia as “a vivid illustration of the way in which governments…can often be more of a hindrance than a help.”[20] Gaalkacyo, a desert town in the central Somalia, was provided with streetlights by local entrepreneur Abdirizak Osman, who expanded his enterprises from telecommunications to power generators, not only lighting the town but also supplying free electricity to the local hospital.[19] Since the fall of the government, dozens of private newspapers, radio and television stations mushroomed (Mogadishu has two fiercely competing TV stations[19]), with private radio stations or newspapers in almost all major towns.[/quote]
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
I bet you would love it there, AN. No rules, regs, or government to get in the way of your capitalist dreams.
ParticipantHere’s some more info on Somalia for you, AN:
[quote]
Journalist Kevin Sites, after a trip to anarchic Somalia, reported that “Somalia, though brutally poor, is a kind of libertarian’s dream. Free enterprise flourishes, and vigorous commercial competition is the only form of regulation. Somalia has some of the best telecommunications in Africa, with a handful of companies ready to wire home or office and provide crystal-clear service, including international long distance, for about $10 a month.”[17] Abdullahi Mohammed Hussein of Telecom Somalia stated that “the government post and telecoms company used to have a monopoly but after the regime was toppled, we were free to set up our own business”,[18] The World Bank reported in 2007 that only about 1.5% of the population had a telephone[14] resulting in the emergence of ten fiercely competitive telephone companies.[19] According to the CIA World Factbook, private telephone companies “offer service in most major cities” via wireless technology, charging “the lowest international rates on the continent”,[3] while The New York Times has noted the private provision of mail services.[2] The Economist cited the telephone industry in anarchic Somalia as “a vivid illustration of the way in which governments…can often be more of a hindrance than a help.”[20] Gaalkacyo, a desert town in the central Somalia, was provided with streetlights by local entrepreneur Abdirizak Osman, who expanded his enterprises from telecommunications to power generators, not only lighting the town but also supplying free electricity to the local hospital.[19] Since the fall of the government, dozens of private newspapers, radio and television stations mushroomed (Mogadishu has two fiercely competing TV stations[19]), with private radio stations or newspapers in almost all major towns.[/quote]
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
I bet you would love it there, AN. No rules, regs, or government to get in the way of your capitalist dreams.
ParticipantHere’s some more info on Somalia for you, AN:
[quote]
Journalist Kevin Sites, after a trip to anarchic Somalia, reported that “Somalia, though brutally poor, is a kind of libertarian’s dream. Free enterprise flourishes, and vigorous commercial competition is the only form of regulation. Somalia has some of the best telecommunications in Africa, with a handful of companies ready to wire home or office and provide crystal-clear service, including international long distance, for about $10 a month.”[17] Abdullahi Mohammed Hussein of Telecom Somalia stated that “the government post and telecoms company used to have a monopoly but after the regime was toppled, we were free to set up our own business”,[18] The World Bank reported in 2007 that only about 1.5% of the population had a telephone[14] resulting in the emergence of ten fiercely competitive telephone companies.[19] According to the CIA World Factbook, private telephone companies “offer service in most major cities” via wireless technology, charging “the lowest international rates on the continent”,[3] while The New York Times has noted the private provision of mail services.[2] The Economist cited the telephone industry in anarchic Somalia as “a vivid illustration of the way in which governments…can often be more of a hindrance than a help.”[20] Gaalkacyo, a desert town in the central Somalia, was provided with streetlights by local entrepreneur Abdirizak Osman, who expanded his enterprises from telecommunications to power generators, not only lighting the town but also supplying free electricity to the local hospital.[19] Since the fall of the government, dozens of private newspapers, radio and television stations mushroomed (Mogadishu has two fiercely competing TV stations[19]), with private radio stations or newspapers in almost all major towns.[/quote]
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
I bet you would love it there, AN. No rules, regs, or government to get in the way of your capitalist dreams.
ParticipantHere’s some more info on Somalia for you, AN:
[quote]
Journalist Kevin Sites, after a trip to anarchic Somalia, reported that “Somalia, though brutally poor, is a kind of libertarian’s dream. Free enterprise flourishes, and vigorous commercial competition is the only form of regulation. Somalia has some of the best telecommunications in Africa, with a handful of companies ready to wire home or office and provide crystal-clear service, including international long distance, for about $10 a month.”[17] Abdullahi Mohammed Hussein of Telecom Somalia stated that “the government post and telecoms company used to have a monopoly but after the regime was toppled, we were free to set up our own business”,[18] The World Bank reported in 2007 that only about 1.5% of the population had a telephone[14] resulting in the emergence of ten fiercely competitive telephone companies.[19] According to the CIA World Factbook, private telephone companies “offer service in most major cities” via wireless technology, charging “the lowest international rates on the continent”,[3] while The New York Times has noted the private provision of mail services.[2] The Economist cited the telephone industry in anarchic Somalia as “a vivid illustration of the way in which governments…can often be more of a hindrance than a help.”[20] Gaalkacyo, a desert town in the central Somalia, was provided with streetlights by local entrepreneur Abdirizak Osman, who expanded his enterprises from telecommunications to power generators, not only lighting the town but also supplying free electricity to the local hospital.[19] Since the fall of the government, dozens of private newspapers, radio and television stations mushroomed (Mogadishu has two fiercely competing TV stations[19]), with private radio stations or newspapers in almost all major towns.[/quote]
http://en.wikipedia.org/wiki/Anarchy_in_Somalia
I bet you would love it there, AN. No rules, regs, or government to get in the way of your capitalist dreams.
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