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Mandos's picture

Cooking with Mandos

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Let it not be said that Mandos does not bring the yum, if absurdly spicy food is to your taste. Let it also not be said that Mandos is not up on his Bahb Dohle impressions.

I was visiting close relatives very recently and raided the pantry to make dinner completely out of ad hoc ingredients which I didn't measure, and hence what I made will never be made again. If I could find a few spoonfuls at the bottom of an old jar, I used it. And if I may say so myself, it was delicious, a culinary leprechaun of deliciousness that has been let go for all eternity. But here is the vague guideline from memory on how to repeat this experiment. Read below the fold...

DCblogger's picture

Conscientious objectors in Israel

Raised to Be Heroes

They will fight for their country, they will die for their country, but not in the West Bank and Gaza Strip. And although they act on conscience, they pay a steep personal price. Featuring haunting accounts from the front lines, Raised to Be Heroes introduces the latest generation of Israeli soldiers to selectively object to military operations undertaken by their country.

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CR: Banks "leaving money on the table 'all day long....'"

Why? Why?

Why does Lord Eschaton hate Obama? Doesn't he love ponies? What's wrong with him?

Seriously, when Atrios is just as pissed off and cranky as I am, it's time for me to elevate my game. Read below the fold...

geneo's picture

Alabama State Treasurer "Hunkering Down"

It's a little tough to post this right now, considering all the disintegration that's being documented by other folks here, but I do feel the need to stay on it.

Alabama State Treasurer Kay Ivey spoke to some Republicans in Huntsville yesterday and she said some things that I find interesting about Alabama's Pre-Paid College Tuition Program.

The most interesting is this quote Mooncat highlights as part of a very helpful post on open meetings ahead of Tuesday's board meeting.

Ivey told the breakfast audience at Trinity United Methodist Church that she has "been hunkered down" with the board and financial risk experts to find solutions to shore up the program for the short term.

Read below the fold...
Xenophon's picture

Paradigm Shift: Gulag America

Saw some shit today I hadn't seen since I was young. Not a good sign when the police go rabid. What was it Sarah said? "I don't give a damn about financial records or postings." Of course not. Why would the reality of housing scandals, corrupt police, inner-city drugs, and financial take over be of any significance? Read below the fold...

I thought the FDIC was for protecting my bank deposits, not for lending money to hedge funds to buy toxic assets with

Apparently, Hank Timmy doesn't agree:

[T]he Federal Deposit Insurance Corporation will set up special-purpose investment partnerships and lend about 85 percent of the money that those partnerships will need to buy up troubled assets that banks want to sell.

Read below the fold...
Mandos's picture

Brad DeLong writes the FAQ for the Paulson/Geithner plan

Brad DeLong has a condensed FAQ of the Geithnerist POV on the bailouts. Naturally, to read it as intended, you have to make the first assumption is that it (the bailout) is being done under good faith.

Q: What is the Geithner Plan?

A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally undervalued assets and, as patient capital, holding them either until maturity or until markets recover so that risk discounts are normal and it can sell them off--in either case at an immense profit.

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As credit froze and the bailouts came, BoA insiders loaned hundreds of millions to each other

So who said lending stopped? Charlotte News & Observer:

Bank of America vaulted into the top 10 banks for insider lending last year with an increase of more than $358 million, much of it coming as credit markets froze and mounting financial calamity threatened the industry's survival.

For at least seven years, the bank's quarterly insider lending never exceeded $300 million and was often less than half that. But by the end of 2008, it had jumped to $624 million.

The dollar gain was the biggest of any bank in the country, a 135 percent hike from a year earlier. The average for all banks with insider loans was 5.7 percent.

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So much for the "good corporate citizen" concept on card check

Bloomberg:

Starbucks Corp., Whole Foods Market Inc. and Costco Wholesale Corp. are offering a compromise on union-backed “card-check” legislation [Employee Free Choice Act, EFCA] that U.S. business groups are spending millions of dollars to defeat.

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Too big to fail is too big

(See "Too Big Has Failed" [PDF], from the Fed's Thomas M. Hoenig). Jeebus, Barney, you're one of the best, and you're serving out this codswallop:

“There’s still a need for a systemic-risk regulator,” Representative Barney Frank, the Massachusetts Democrat who chairs the House Financial Services Committee, said on March 20. “The argument for the Fed alone has lost a lot of political support. I think that’s now got to be re-looked at.”

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198 Methods of Non-Violent Action

This is a a great list, and especially appropriate for Sundays.

Via Hipparchia, who really should have helped us (and by"us" in this context, I really mean "me") remedy our lack of imagination earlier. This reminds me of Chris Alexander's work on design pattern.

And a way, we could look at what the banksters are doing as 85: "Merchants' "general strike." Read below the fold...

Appalling racism on DU

US Rep. Corrine Brown (D-Fla) is a not always well-spoken Congresswoman. Some racist joker on Youtube took one of her short House floor speeches and jazzed it up with loops and splices. A DU jagoff linked to it, and general hilarity
ensued. (I'd quote some of this shit, but then you'd have to ban me.) Read below the fold...

Sarah's picture

IF you could read any book you wanted NOW, what would you choose?

I think I'll go down to the public library and borrow Gone With The Wind again.
You?

PS -- The Old Farmer's Almanac is NOT a book. It's time-and-tides and phases-of-the-moon and planting advice and (bad) weather forecasts. So no, that doesn't count. If you're going to send me somewhere to read periodicals about gardening, at least let it be Mother Earth News. Read below the fold...

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