Commentary
Plaxico Burress Wins Award for Retarded Behavior
NY Giants wide receiver, Plaxico Burress, is the winner of the brand new W.A.R. award, which will become a weekly addition to Splendid Marbles. First, let me discuss the award itself. W.A.R. stands for “What A Retard.” Now, I will establish the parameters used to define retarded behavior, because there seems to be a lot [...]
Citigroup is back from the Dead - for now
It was another Sunday night rescue for the folks at the U.S. Treasury, the Federal Reserve and the newest addition to the cast of the Wall Street crisis and financial bailout drama, the Federal Deposit Insurance Corp. (FDIC). This time the dynamic trio swooped in to arrange a bailout of Citigroup, the struggling U.S. banking [...]
Drama Highlights Auto Execs Testimony
It was the House version of “Car Talk” yesterday, according to the Washington Post, as members, both Republican and Democrat, swapped stories about their GM and Ford vehicles. This was disclosed in a article entitled “Auto Execs Fly Corporate Jets to D.C., Tin Cups in Hand.” The camera-loving representatives also had a field day with [...]
Beware Clowns Bearing Financial Advice
A friend of mine sent me a link to a YouTube video (after jump) featuring Peter Schiff, president of Euro Pacific Capital, and longtime critic of the debt-fueled U.S. economy. The video is comprised of interviews on financial news channels in 2006 and 2007 – before the subprime meltdown morphed into a full-blown Wall Street [...]
The NY Times Stinks at News Analysis
Should General Motors file receive a financial bailout from the U.S. government, or should it be left to deteriorating market conditions that will lead to a bankruptcy filing? This is the question put forth by a NY Times “News Analysis” piece entitled “G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout .” Unfortunately, this article [...]
Treasury Department Needs P.R. Help Now!
The U.S. Treasury should hire a competent public relations firm and send Neel Kashkari, the department’s rude, abrasive Bailout Czar to charm school. According to the NY Post, America’s newest czar gave a Putin-like performance during a brief question and answer session after he delivered the keynote speech at a Midtown Manhattan conference packed with [...]
AIG Gets More of Your Money
What the hell is going on with American International Group(AIG)? First the U.S. government tossed the embattled insurance giant an $85 billion credit line in September – when it decided to let Lehman Brothers file for bankruptcy – and that was increased by $38 billion last month. The spiraling cost of the AIG bailout seems [...]
Captain Obama Takes the Helm
I am very glad that Democrat Barack Obama won the presidential election yesterday, defeating his Republican rival, John McCain. I read a slew of articles today from the major papers - both left and right. My thoughts are a meaty stew of emotion at the moment ( I’m sorry for that last bit about stews [...]
What Does this Historic Election Mean to You?
This is an historic election - no matter whether the Democrats or the Republicans win. Just look at all the dramatic quotes concerning the 2008 election:
Here’s what CNN had to say:
“No matter how they vote, Americans will make history today. They may pick the first black U.S. president. Or the oldest first-term president and the [...]
Obama’s Got Much More Than Kool-Aid
With just days to go in the 2008 election, Democratic presidential nominee Barack Obama hit the prime time airwaves last night (videos after jump) with a thirty minute infomercial for the broad American public, followed by a spot on The Daily Show with Jon Stewart, where he conceded the faint likelihood of his snagging too [...]
