Daily Archives: February 28, 2009

Obama – no coal, no nukes, it’s propeller beanies for all!

Obama cut off all funding for the Yucca Mountain nuclear waste depository. Harry Reid is delighted as will be anti-nuke activists. If there’s no place to remove waste to, it will be that much easier to stop nuclear power plants. My prediction: we won’t see another coal or nuclear power plant built in my lifetime and I’d be surprised if I even see one powered by natural gas. The goal of these people is to destroy modern civilization and for some some strange reason, we seem to have decided to join them in a collective suicide.

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The Media and soldiers’ corpses

Defense Secretary bowed to his new boss’s pressure and this week modified the Pentagon’s ban on photographing the coffins of soldiers brought back to our country. The New York Times and other scum trumpeted this as a triumph of their desire to “honor our fallen heroes” when of course their intention was to exploit the dead, not honor them. The press wanted to use the pictures to stir up public sentiment against the Iraq war when Bush was running it. Today, the show “On the Media” aired an interview with some guy from Salon who said exactly that. Good for him – he’s the only honest man among the entire swarm of liars.

My prediction: we’ll get coverage of the first bodies to arrive, complete with the standard denunciation of Bush (and Cheney – lest we forget Cheney) and that’s it. It was always about Bush, nothing more. It’s Obama’s war now and there is no longer any need to oppose it.

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The scourge of adjustable rate mortgages

Just heard from a borrower whose adjustable rate mortgage was reset today. His is set to the T bill rate plus 2.375% so his new rate is … 2.875%. He’s probably entitled to sum dat dare stimmulus money, huh?

I’ve suggested that he switch to a fixed in a year or two before the Obama plan reignites inflation. I was the beneficiary of the last great Demmerkrat who wanted to save my soul by stealing my money, Jimmy Carter, and paid 14.5% on my first mortgage. We’re heading back there, I think.

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Lenin predicted it but Wall Streeters don’t read history

Some Obama supporters on Wall Street are beginning to see what they voted for and aren’t all that happy.

Lenin also said: “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”  I wonder who in Washington has read that?

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Just as long as they don’t supply pine cones as TP

Ryan Air to charge for use of toilets? It’s “under consideration.” I suppose guys like me can just open a window but it seems harsh for the ladies. Discrimination!

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Staging a house – worth it?

Stagers insist that it is and here’s another success story. I remain skeptical; I’ve seen plenty of houses sell that were staged and plenty that were empty and I’ve never noticed a difference in the prices they fetched or the speed with which they sold. I do agree with stagers that clearing clutter from a house is always important and absolutely essential if the sellers are packrats, but putting antique tables in parlors and pictures of other people’s children on the walls doesn’t strike me as a worthwhile expense. Your call, naturally.

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Chavez seizes rice factories

First he killed the oil industry, now he’s going after food. Poor Venezuela. All they’ll have left to look forward to are visits from Jimmy Carter and Sean Penn.

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Rant at my boss! I’m letting my puppet indulge in negativism!

Warren Buffet speaks – at my command, of course.

In his eagerly-anticipated annual letter to Berkshire shareholders, Buffett also offered a gloomy economic outlook, saying “the economy will be in shambles throughout 2009 — and for that matter, probably well beyond.”

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Anyone this stupid shouldn’t be armed

Seattle cop caught on video beating the bejesus out of a 15-yearold girl. One of the more amusing parts of my past life was viewing videotapes of my drunken driving clients who swore to me that they were cool, sober and collected when arrested and, on the tape, were revealed to be foul-mouthed, violent inebriates. One (Greenwich) guy kept threatening to call his friend the Governor as he kicked out the rear window of a police car. We got him to go to rehab.

A Ridgefield cop once told me that, as the result of citizen allegations of beatings in police cells, they were forced to install video cameras in the jail, just as was obviously done out in Seattle. “Of course,” the cop explained, “that just means we beat the shit out of them before we get to the station.”

This Washington idiot obviously couldn’t figure out that strategy.

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Late Friday afternoon developments in market

7 Gisborne Pl

7 Gisborne Pl

This Old Greenwich house sold for $1.810 million in April, 1999. The buyers renovated it and added on, then sold it for $2.860 in January ’07. Those buyers tried reselling it for $3.095 but were unable to find a buyer until they lowered its price to $2.5 million on January 27 of this year. It went pretty quickly then, and yesterday was reported as under contract.

718 North Street

718 North Street

 

This North Street property continues to encounter difficulties in finding a buyer, despite it being a nice house on a beautiful setting. It sold for $3.583 in ’01 and was put back up for sale in 2004 at $4.350. It didn’t sell and the owners pulled it from the market until May, 2008, when they again asked $4.350. No takers still, so yesterday it was reduced to $3.2 million.

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Hey, Kids, try this at home!

How to turn a Sharpie into a liquid-fueled rocket. Impress your friends, terrorize your sister. Cool!

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Who will finance our borrowing?

We were already pretty much dependent on the Chinese to loan us the money needed to carry our debt. We’re proposing to quadruple that debt and I wonder, who can afford to fund it? Europe’s in the tank and about to sink to the bottom. The price of oil is trimming the wallets of the Arabs and China is shutting factories and losing its jobs – 20 million so far and getting worse.

What’s the alternative? Zimbabwe has trillions of Zimbabwean dollars, but I don’t know if we want those.

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When to turn state’s witness

Before you spend several hours lying to the S.E.C.  This young woman could probably have skated from her close association with our latest recent Ponzi, Stanford Financial, but thought she could lie her way through. That’s usually a poor decision. You can see what her lawyer thought of her behavior in the second paragraph, below:

According to the F.B.I. affidavit, during the meeting “executive B,” or Mr. Davis, gave her a data drive showing that the Tier III asset group included more than $3 billion in real estate holdings and $1.6 billion that turned out to be a “loan to shareholder,” believed by those present to be Mr. Stanford. The information shocked and upset a number of executives present, all of whom had been told time and again that the firm’s investments were legitimate. A number of them are now cooperating with government investigators.

In her S.E.C. testimony, however, Mrs. Pendergest-Holt did not reveal these details, despite repeated questioning. Thomas V. Sjoblom, a lawyer with Proskauer Rose who represented the firm and who was present during Mrs. Pendergest-Holt’s testimony before the S.E.C., withdrew his counsel the day after her testimony. Two days later, Mr. Sjoblom, who had spent 20 years with the S.E.C. before entering private practice, disavowed all previous oral and written representations he had made to the S.E.C. on behalf of the firm.

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