Was (not was)

Fail blog shows signs and situations that fail to deliver the message. But you can’t get more accurate than this washed out sign of Washington Mutual (now known as “Was”).

Conspiracy theories:
1. Was it an irate employee?
2. Did Con Ed show their displeasure at not being paid the utility bills?
3, Are the Talking Heads behind this?

Source: Fail Blog

Was Washington Mutual

Was Washington Mutual

Obama vs. McCain: The 4th debate

Just a night after the third debate, Obama and McCain met again at the Alfred E smith memorial dinner in Manhattan. The dinner only allows apolitical humorous speeches and pitted the two campaigners against each other. Perhaps a sure sign of a more mature democracy, the two candidates had some very funny jabs at each other in their respective speeches. You can see the full speeches on youtube.com

 

Lessons lessons lessons

Another article on lessons learnt, this time by Fareed Zakaria in Newsweek. In his usual balanced way, he articulates how this crisis may actually force Americans to kick the debt laden habits of old and get back to the basic economics of living: do not consume more than you can earn. And there is no free lunch. You pay now, or you’re in debt.
Zakaria: A More Disciplined America

Which brings me to a very interesting point that Volcker made on the Charlie Rose show on PBS last week. I’ll post that in a separate blog.

Credit crisis – The Blame game

McCain’s playing “pin the donkey”, Obama’s playing “it’s elephantiasis, stupid”, and the rest of the establishment is searching for a sitting duck. Wall Street execs, Fannie and Freddie, dishonest mortgage brokers, the Fed, Greenspan, derivatives, AIG, deregulation, CRA, short selling, rumors – all of these have been blamed so far. And we’re not done yet.

In the meantime, Victor Davis Hansel writes an article on Real Clear Politics about lessons to be learnt from the crisis. The last paragraph is worth noting. It takes us back to the basic core values that seem to have gotten lost in the midst of the boom.

http://www.realclearpolitics.com/articles/2008/10/wall_street_101.html

Pretty simple, really.