Posted on 10/08/2008 8:15:25 AM PDT by TSchmereL
AND NOW . . . amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke. . . it is time for . . . that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-the-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, the Mandarin of Talk Radio, with talent on loan from G-d, at the cutting-edge of societal evolution, with half his brain tied behind his back — just to make it fair, the all-knowing, all-caring, all-sensing, all-feeling, Maha-Rushie! America's anchorman, truth detector, and doctor of democracy. A Real Man, a living legend, a way of life. Commander in Chief of U.S. Operation Chaos. Chief Waga-Waga El Rushbo of the El Conservo Tribe. Chief of the Patriotism Police. A Weapon of Mass Instruction. El Rushbo (a little Spanish lingo, there). He is the man who is running America (you know it and I know it). He knows the Democrats like every square inch of his glorious naked body. He is ready to do what he was born to do--that's host. Get ready to what you were born to do--that's listen (and post your comments on the Rush Limbaugh LIVE Radio Thread).
Credit default swap from post #37 continued;
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/02/AR2008100203890_2.html
There is no federal regulation of the credit-default swap market, but the Securities and Exchange Commission has asked Congress for that authority in what would be a sweeping extension of its responsibilities.
“This potential for unfettered naked shorting and the lack of regulation in this market are a cause for great concern,” SEC chairman Christopher Cox said. Any change is not likely to happen until Congress returns in January.
Hi CC dear.
Too many trolls and whiners on the debate thread last night. EEUUWW
Hello sweets. Amen to that.
LOL.
ROFLMAO!
Good afternoon, megaTRHOWTHEBUMSOUT!dittos from Biggirl, Podunk Catlover REPORTING IN!!!!!!!! PING!!!!!!!! :) =^..^=
Listened to the second debate, Sen. McCain at least is hitting back, but more needs to be done.
Hi.
Do you have the link for the debate thread?
Ah, would it were true!
umm...If Tom is jurrasic Park, what is McCain?
Clint is still worked up from DWS last night.
Someday!
Rush says the LA Times called the debate “a tie”.
I heard somewhere (I wish I had a citation) that the CDSs market is notionally $35Trillion. On about $3 trillion in insured mortgages. They were describe as simply gambling on defaults.
Think about the fees that Goldman, Morgan, Lehman, etc. made to set these. If you back out the profits from these it is no wonder the stocks are down and some are gonzo alonzo. Without these profits the big-BDs would be a shadow.
LOL!
“McCain looked like Yosemite Sam after the dynamite failed to go off.”
Credit default swap continued from post #37
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/02/AR2008100203890_2.html
For Sallie Mae, the annual cost of purchasing a credit-default swap insurance policy has roughly doubled in the past week to $1.6 million for every $10 million in bonds, according to Bloomberg. That price, according to Bloomberg, suggests a 74 percent chance that Sallie Mae will default on its debts within five years.
Yesterday Sallie Mae’s chief executive Albert L. Lord sought to fight off the perception that his firm was on shaky ground. He said in a SEC filing that the firm is “liquid and well capitalized.” He cited a new program put in place by the Education Department that not only guarantees the loans, but also directly funds them.
With the federal government behind the firm, Sallie Mae is reducing its reliance on private lenders to raise money to issue student loans.
Mark Kantrowitz, publisher of FinAid, a Web site that provides financial advice for students, said he did not understand why Sallie Mae’s credit-default swaps soared this week. But the firm faces problems, he said.
The rising cost of borrowing because of the turmoil in the credit markets is squeezing its profits. If these rates continue to stay high, he said, Sallie Mae may struggle to pay its debts.
No, but big deal. I call the debate a tactical draw, but since McCain is behind, that's a strategic win for Obamunist.
Hi EagleandLiberty! Rush is on a roll from the start!
How's East Hartford/Huskieville?
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