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Fuchs:

Sadly I must agree. Little that is established is allowed to fail, especially in the financial world. We made noises about not letting things be to big to fail but the banking world is...

That isn't an exception to policy. It is still a policy to torture. If we torture but only sometimes and keep it quiet, we still torture. That is just an attempt to convince ourselves we aren't...

If it is done by intel agencies doesn't that make it a de-facto approved policy?

We all have our faults. But at least my mother liked me.

Or alternatively- http://www.youtube.com/watch?v=C6cxNR9ML8k

Backwards Observer:

When did this turn into improv night?

I'm still laughing at that. Castlevania is doomed!

Surferbeetle:

That Open Secrets site had an interesting quote by an airline captain. I'm sure he still has his job. You can do a lot as a captain, sometimes it's sort of fun.

Yep. That's what they all say.

(stage direction: that is to be said in a drawling Clint Walker sort of way. Like when he said to Kim Novak in a movie "Just because I talk slow don't mean I'm...

$#!t you're right! It works!

(Your response made me laugh.)

Backwards Observer:

You provide good links.

That one says more or less that the good stay good and the bad stay bad. Our elites, to me, seem to be trending bad. I don't know why either. ...

I did understand. Though I had to read it real slow and then put my thinking cap on and cogitate hard before I got it. Because, wow, if government provides perverse incentives and subsidizes moral...

Hell yea. Sometimes when people act upon opinions that differ from mine, damn right they lack moral courage or moral foundation. If an officer messes with a prisoner and another officer doesn't say...

That was a great paper. It is filled with all kinds of insight. It gives me hope that what a Sergeant said to a fearful Iraqi in Brandon Friedman's "The War I Always Wanted" is still somewhat true....

Oh I forgot to comment on this. Fannie and Freddie may have their name on the check, but it is my money they are spending. That makes that check much easier to write.

As far as that hundred...

I do too understand stuff. Honest. I understand the offsides rule in soccer/football and I understand why when the Kuwaiti team long ago tried to depend on that they ended up failures. So that is...

Fuchs:

There is something in what you say about poor regulation and oversight since the 80s. We gave up a lot of the rules that we established during the Depression in the interest of what...

Next time an airplane breaks up in flight and people are investigating to find out where the exact point the fracture began was, I am going to write them and tell them the important thing is that the...

I understand that if all those loans had not been forced to be made the whole thing would not have happened. I understand to that one reason all the various shenanigans went on was because the gov...

I think it does because I think it is clear that there is a right path. We have to cut the expenditure on entitlements. There is no way around that. That may be discussed, but it isn't acted upon....

Yep. I'll go with all of that as contributing factors. Fannie and Freddie were mixed up in all of this and they were widely believed to be no risk because no matter how bad they screwed up, the gov...

It may have everything to do with it. Our elites seem to have come not only to the conclusion that in order to gain and retain power they have to tell people that they can have their cake and eat it...

Pushed beyond your limits you were, sort of like Cincinnatus leaving his plow. Well maybe not exactly but I had to work a Latin word in here somehow.

Nope not false, true. Regardless of the...

Fuchs:

Like I said, the whole thing boils down to bad home loans. Everybody piled in but if those loans had been repaid at the rates good home loans were, the problems would not have happened.
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What more can you say about torture beyond it being a tool of the weak and the twisted?

The entities that made the bad loans did so because they were forced to by the gov. Gov oversight made sure that they made the gov imposed quotas of loans to people who were poor risks. So the big...

The first thing that popped into my head after reading this was an image of us private individuals as the sturdy draft horse pulling the plow under the wise direction of an experienced plowman, the...