Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
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At Columbia University last Friday, legendary hedge fund manager George Soros shocked his audience, proclaiming …
”We witnessed the collapse of the financial system. It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.“
Soros went on to say that …
The crisis is actually more severe than the Great Depression …It’s like watching the demise of the Soviet Union, and …
There is no prospect of a recovery any time soon.
Kind of reminds me of Eric Holder’s speech…you know, the “Thanks for electing a President of color who appointed an Attorney General of color, and by the way, you’re all cowards.”
Why are people so adamant about having everything done their way, and then just sit around and squawk that things are so bad, once it happens?
Regulators are in part to blame because they “abrogated” their responsibilities, Soros, 78, said. The philosophy of “market fundamentalism” was now under question as financial markets have proved to be inefficient and affected by biases rather than driven by all the available information, he said.
“We’re in a crisis, I think, that’s really the most serious since the 1930s and is different from all the other crises we have experienced in our lifetime,” Soros said, adding that the Federal Reserve had created several by lowering interest rates.
I’ve heard all these talking points before. With weaker regulation, people looked after their own selfish interests and ruined things.
Trouble with that is, what are we hoping will revive, exactly? Something called “the economy,” right? Can anyone tell me what an economy is…other than a bunch of people looking after their own selfish interests?
In fact, since these greedy selfish people are just people, and regulators are just people — it’s a little like arguing what color to paint a bomb you’re going to drop on a city, isn’t it? I mean, what exactly is it about regulators that makes them wise and un-greedy?
All I can think of is motivation. Those filthy robber barons are motivated toward a healthy bottom-line. Huh. You know, if what we’re bitching about is unhealthy bottom-lines, I don’t see how their objectives are different from ours. People like Soros have had many chances to explain this to me, and I must be too dense to figure it out because it remains a mystery. Regulators, on the other hand, aren’t really motivated toward any one thing…their job, when you get down to it, is to get in the way when decisions are made too quickly for the benefit of the bottom line. To be a fly in the ointment, a pain in the ass. They represent everything-else. They’re the opposition.
But getting back to the subject of this post. How decisively does an election have to culminate in a triumph for Mr. Soros’ interests, before he stops being such a depressing little gnome? This is a guy who has ruined national economies for his own personal benefit. The more I think of it, the more his lecturing us about greed, seems one and the same as Eric Holder lecturing us about cowardice.
I think this needs to go in the memory file, for the next time we’re presented with an opportunity to do things the way these gentlemen want us to. You know, it’s true throughout all of life, anytime someone demands you do something rather than asking nicely…
Thing I Know #52. Angry people who demand things, don’t stop being angry when their demands are met.
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Here’s a little sum’n, sum’n about Soros and our economy that is rather interesting –
“Soros’s Quantum Endowment Fund returned 8 percent last year. That compared with an average loss of 18 percent by hedge funds, according to data compiled by Hedge Fund Research Inc. of Chicago.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ay0FPxGdth_k&refer=home
That’s a 26 percent (on average) swing according to my math.
Dude scares the crap out’a me and to think he’s connected to Pres. Obama…
- tim | 02/24/2009 @ 14:12All I can think of is motivation.
Exactly. What is Soros shorting these days?
- Cris | 02/24/2009 @ 14:44Remind me again how Mr. Soros came into so much money that he could buy the Democrat Party.
While we’re at it. Does he hang out with T. Boone Pickens?
Both are recognized experts, above the average bartender, because……?
- CaptDMO | 02/24/2009 @ 19:05