Therapists urged not to change gay lifestyle. And I agree -nothing wrong with a Nancy boy shrink and he shouldn’t change a thing. But this same group saying “do nothing” announced last week that denying global warming was a sign of mental illness. Somehow, I have a suspicion that the American Society of Psychologists is more about politics than psychology. Somehow.
Daily Archives: August 9, 2009
President of MADD denounces Obama for “Beer Summit”. The man was enjoying a beer in his backyard and is unlikely to drive a car himself for at least four and possibly eight more years, so where is MADD’s place in this discussion? MADD achieved its goal of strengthening drunk driving laws – not that that prevented the Taconic Parkway massacre – and now has morphed into a temperance movement. Call it mission creep or an organization without a cause, this sort of nonsense only serves to make MADD look – well, mad.
This speed gizmo has been parked up the street from me for over a week and it’s still there today, even though it’s the dead of summer and the most boring nights of the year are upon us. What the heck are our local boys up to? Back in my days as a teenaged moron, my friends and I would have hit this thing the first night it was placed there, towed it to police headquarters and left it in a patrol car’s parking space. Is today’s generation too well-behaved to succumb to this invitation? Busy cramming for their SATs? Coked out and in a stupor on their parent’s living room couch? Whatever the reason, it doesn’t speak well for their initiative.
The Rove house at 6 Gilliam Lane is gone. That’s right, Carl Rove, evil-doer of the Bush regime, was living quietly and anonymously here in Riverside during all those years of the Bush machine’s machinations and plotting, directing world-wide evil from his paneled library, all while posing as a mild-mannered geologist. But he’s moved on and national security demanded that he take the house’s secrets with him. Staff photographer Edgar Martins, braving all, snuck onto the site to take this picture.
A reader thoughtfully points out that while we’re waiting for Antares to get its day in the sunshine in Greenwich Time, a wait that now appears may be a very long one, there’s always Patriot Bank to play with. The bank reports its latest earnings here: I invite any one of you financial wizards to interpret the results for us here but am I wrong to think that “non-accruing loans” aren’t a good thing? * So when they go (way) up, and earnings change to losses, that’s bad, right? Interesting that the bank insists that their building loans for Greenwich spec houses are fine and dandy because, so far as I can see, properties like 516 Round Hill Road, which has $6 million of Patriot’s money sunk into a foundation and a tear-down frame, or 14 S. Baldwin Farms, another $6 million for a house that’s unfinished, unwanted and perched above a swamp, aren’t looking so good. Of course, S. Baldwin is now owned by Patriot, so I guess it’s an asset now, not a bad loan. Lucky for them, and ya gotta give Patriot loan officer Marty Noble for another coup to be recorded in the annals of smart lending.
* at least, the definition doesn’t sound very good, but what do I know?
Asset, usually a loan, that is not earning the contractual rate of interest in the loan agreement, due to financial difficulties of the borrower. Nonaccrual assets are loans in which interest accruals have been suspended because full collection of principal is in doubt, or interest payments have not been made for a sustained period of time. A reserve for possible loan losses is set aside for these loans, and any payments received from the borrower are applied first to principal, and then to loan interest due. According to the guidelines of banking regulators, a loan with principal and interest unpaid for at least 90 days is considered a nonaccrual loan, unless the lender has adequate collateral. Consumer loans and residential mortgage loans are generally exempted from these guidelines. For bank bookkeeping purposes, a nonaccrual loan is recorded as a Cash Basis Loan, that is, a loan in which interest is credited as earned income only when payments are collected from the borrower. See also Nonperforming Asset; Real Estate Owned; Renegotiated Loan; Workout Agreement.
Remember Fred DiPascall? He was Bernie Madoff’s “go to” guy, the one all the Madoff “victims” said they talked to about their accounts including Walter and the boys. He was arrested soon after Bernie was and then disappeared from view. I’ve always said he was talking – who wouldn’t after watching your co-conspirator get 150 years? – and that when the feds had milked him, he was going to bring down the House of Madoff. Milking is done and he’s pleading guilty next week. [bad link before - sorry] You don’t get a plea deal from the government if you don’t deliver the goods – see, Madoff, Bernie, 150 year sentence, above – so the fact that DiPascall’s got a deal means he’s told what Bernie wouldn’t: who else was in on the scam.
So who gets bracelets next week? Ruth? Andy and Mark? Uncle Peter? I’m rooting for all of them, and maybe a few more like (don’t take this personally, guy) Walter and maybe that fat ex-Madoff lady in Darien – remember? She of the “fund for investing with women and minorities for a more just society fund” that dumped everything with Bernie in exchange for huge fees? Her – I’d like to see her standing in the dock, too.
UPDATE: Business Insider is thinking along the same lines and also mentions Walter Noel as a juicy target. Not that anyone wants to see the poor old codger marched off to prison, mind you, but it would enrich the story.