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Let the gaming begin!

The kind of people who figure out how to game Geithner-san's auction for toxic assets are already hard at work. Here's

Let's see an example. "Bank" has a mortgage-backed security (MBS) with original par (nominal) value of $100. In 2008 Bank "marked-to-market" and now values the MBS at $95 in its books. But we all know that this MBS is worth a lot less, maybe less than $60, but Bank won't acknowledge reality.

Read below the fold...

PSA of the Day: Conficker worm scheduled for activation April 1st--April Fool's joke or real threat?

Per this post by Tina at The Agonist, Microsoft thinks it's a real threat and is offering reward for finding author, etc. It has gone through several very sophisticated versions.

Commenter graham posts NYTimes article snippets and link for Enigma's free detector/removal tool.

I am not a expert in this stuff, but seems worth checking out. Read below the fold...

Sarah's picture

When Stupid Attacks

Thread: 

Texas has for so long been an example of how not to do just about anything you cared to name involving state government, that tonight's news out of the State Senate really depresses me. Some years back, in a fit of uncharacteristic freeheartedness, the Texas legislature enacted a rule saying any Texas high school student who finished in the top 10 per cent of his/her graduating class was guaranteed admission to any state university. Evidently that's giving too much leeway to kids based on their intellect: today the Texas Senate voted to cut that rule so that only 60% of any freshman class could be made up of those graduates. Read below the fold...

geneo's picture

"Alabama's AIG"

Alabama Representatives Craig Ford and Johnny Mack Morrow have taken a step toward finding a way to stabilize Alabaman’s Prepaid Affordable College Tuition program by introducing two bills to provide funding from the state. They are referring to the PACT fiasco as Alabama’s version of AIG.

One of the bills will provide short-term funding from the state’s unclaimed property and capital improvement funds. The other will provide $150 million over the next five years from the Alabama Trust Fund. This is a welcome development. Too much of the discussion among policy-makers has been behind closed doors up to this point. I am glad to see someone finally stepping up with a public proposal. It would be an even better proposal if it included a provision for some type of public accounting for the way the PACT money was handled. Read below the fold...

vastleft's picture

Interview with "Good Book" author and Slate.com editor, David Plotz

Vastleft: David, thanks for making the time for this chat, which will be posted on Correntewire.com and Bible Study for Atheists.

David Plotz: I'm glad to be here. Fire away. Read below the fold...

Single payer pix from Iowa Health Care forums

We'll have more from the Iowa Health care forums shortly, including (we hope) a very interesting YouTube and an interview with one of the speakers, but these pictures should whet your apetite:

OntheTable Read below the fold...

Talking sense on the drug war in Mexico

Obama's SoS:

The United States is at least as responsible as Mexico for the violent drug wars that are roiling its southern neighbor because of an insatiable U.S. market for narcotics, the failure to stop weapons smuggling southward and a three-decade "war" on drugs that "has not worked," Secretary of State Hillary Clinton said Wednesday.

Read below the fold...
vastleft's picture

There's more than one way to skin a cat, Hillary

The Secretary of State, on the relationship between U.S. illicit-drug use and Mexico's escalating violence:

"Our insatiable demand for illegal drugs fuels the drug trade," she said.

Listen to Uncle Walter:

Read below the fold...

Sarah's picture

A petty and small minded critique of my own

Bobby Jindal is still a GOP favorite. Athenae, over at First Draft, nails the M$M on this in her commentary today. But there's more to the menace Jindal poses than his oversold aura of "not a fat old white guy and still a staunch Republican." From the Politico piece:

Tuesday night, Jindal was playing to a friendly crowd at the National Republican Congressional Committee's annual March Dinner.

Read below the fold...
Caro's picture

Politics and Media Headlines 3/25/09

Politics and Media Headlines 3/25/09 Read below the fold...

elixir's picture

If you don't like petty, small minded critique, don't read this.

A casual story confirms my uncomfortable feeling that President Obama is not always the magnanimous, self deprecating gentleman he presents. I categorize this under "having fun at someone else's expense" Read below the fold...

Wednesday Morning Lo-Fi blogging

RL calls. Speaking of urban gardening...

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