BREXIT was this crisis' "Bear Stearns" moment. You don't want to wait until the "Lehman moment" hits to prepare.
Conspiracy Theories Debunked ...
So why doesn't everyone else? And with a record $8.3 trillion in deposits in the US system currently, this is not even being metaphorical.
Dilbert is a terrorist? Who would have thought it?
"we plan to waste it on complicated hedging strategies that even we don't understand"
no, i don't think Dilbert "gets it"...
Bankers understand their own cons completely...
Too many still believe the Diamond lies of " I wasn't informed...I don't know what happened or how. I am SHOCKED etc" and believe that B.S.
Incredibly, there is still institutional respect and credibility across the land for these criminals (i.e. Jamie Dimon is a savvy investor who "earned" his millions)
In all fairness Dimon did earn his money. In the same way that mob bosses earn money.
Terrorist until proven not guilty.
That implies courts and prosecutions......
no, it's more like "wrist-slaps" and "now run along and don't do that again...for a while....please?" isn't it??
You work at JPM?
Wanna hang out sometime?
Do you like Hockey?
The point was that people are by default seen as (potential) terrorists, only after proving they are not guilty of that fact, the state will assume they aren't. I'm referring to TSA searches for example.
sorry T, i'm always a little cranky and slow in the morning till i get my 1st coffee and cig....
Dude, if your reading ZH or doing anything other than taking a leak or a dump before your first cig and coffee then you ought to get your priorities straight.
... just woke up and got on ZH.. still need to shower and to smoke a bowl.. ut oh
oh my did a drug warrior vote me down... lol
Jamie Dimon. This is the make-up of the NY Fed: meglomanics that ass the buck.
Once OBummer and Co. label you Terrorist you are guilty. And you don't even have to be labelled -- just get out of line and you are guilty/terrorist/fucked.
And one day will be your last ever, as a missile comes down to take you out. No one will be safe.
Except the chosen ones.
We live in interesting times.
Disclaimer, I don't speak Terrorist.
BTW, deposits pass unnoticed via direct in the millions every day.
I wonder who is the bear sitting on the wire with a paw in the waters for money, uh salmon, yes salmon.
Read Gravity's Rainbow
Hopefully he can help wake up one or two of the sleeping masses.
What makes you think that those who read the cartoon will "get it"?
It's still not clear. Do you realize how much research an average reader would have to do to understand "cross-selling"? Then that leads one to the divining of the implications for the general well-being of the reader. The arrogance of the financially literate is astounding.
Now, if sit-com starring Charlie Sheen could be developed on the thesis, all would be well.
i don't know what cross-selling is, but i "get it."
cross-dressing at a different level ;-) - Ned
i figured...but thanks for the link...isn't the internet a marvel...
Sure, but as I pointed out, knowing what it is doesn't help much to the average fella in knowing what it causes. It outrages the typical ZH reader but flies over the head of the lumpenproletariat.
Cross-selling is big business in some places.
Reading something such as a article in the old way with it's many words is difficult for some.
A comic can easily skim off the dross out of the crucible.
I'd laugh it it wasn't so painfully true. But I digress, where are the rioters? Where is the revolution on this Bastille Day 2012?
Where the fuck is John Corzine?
Stupid bloody sheep.
The revolution doesn't start until the EBT cards have zero balance.
The stupid part is cutting off the EBT card before the crash
will be perceived as a scheme by the right to hurt the poor.
Letting the system crash under the weight of EBT type payments
will be perceived as a scheme by the right to hurt the poor.
Any idea what the ratio of "EBT type payments" is to Medicare D?
they will glitch those cards, as to crack the whip, to drive the sheople to the paddock.
Celebrating Bastille Day is like celebrating Kristallnacht, the Cultural Revolution, or the Great Purge. Stupid bloody sheep indeed.
I would've added Bernanke in the background making copies, but I guess this comic is close enough.
The towel is only "free" after lending money at a negative rate.
Comedy and satire are the most powerful forms of social and poliitcal commentary....
Lenny Bruce would have disagreed with you. His story shows what happens when truth gets in the way of slap-stick humor. Fart jokes will take one only so far when greater social truths are the goal.
The exception proves the rule....
I'll raise you one Satyricon, and if you call, I'll come back with Dante and may choose to throw in a Twain or Carlin...
Let us also not forget Galileo and his " Dialogue Concerning the Two Chief World Systems"....
Looks like you won this hand. You may now drag the pot.
Without a doubt Carlin was the absolute master, with Twain a close second. All the others you mention are relevant only in retrospect. Even in their day, they were the ZH of comprehension. You forgot H. L. Mencken and Ambrose Bierce. (Ooops, I just showed my hole cards.)
FINANCE, n. The art or science of managing revenues and resources for the best advantage of the manager. The pronunciation of this word with the i long and the accent on the first syllable is one of America's most precious discoveries and possessions. -- A. Bierce
Very good hole cards indeed.... \hatttip
Kind of forgotten but with a ton of keen political humor was Will Rogers..
"The only difference between death and taxes is that death doesn't get worse every time Congress meets" - Will Rogers.
Will Rogers never met Obamacare.
Call it for what it is...
A modest rework of RomneyCare which was based on the Republican counter to Hillary Care in the 1990s...
If it seems like a clusterfuck, well it is, only because it maintains coporate welfare for the Health Insurance companies (aka Medicare)...
Hmmm, not a mention of Swift?
Here, in case you forgot:
Yes, Swift was a player in his time....
Omission implies no disrespect...
Just bustin yer ballz
Medicare cuts payments to doctors by 25% January 1.
Thank god half of the good old people have DIED prior to this Abomination called Obamacare.
I finished a medical procedure last week and the paperwork to sign has exploded both in number and legalese.
BTW, I pay cash when the bills come in.
Without a doubt Carlin was the absolute master...
Love where you're going with all that, but to pick the nit: Bill Hicks was THE absolute master.
He was prepared to die for his beliefs. Carlin was phenomenal, but a tad too safe--he worked steady in the biz for near 50 years.
Hicks had a bad few years, for sure, but being a visionary doesn't often earn the best ratings.
How come there's no posting on the Visa-Mastercard $7.25bn "settlement" with retailers??? - story broke over 12hrs ago!
Also links in well to the Olympics; VISA being the official sponsor. I remember the great deal they got here in the UK; the ONLY way payment could be made to buy official Olympic tickets was with a VISA Debit/Credit card (no joke, made the news here) - proprietary currency! So it's now all fine WITHIN THE UK for VISA credit to have legal tender primacy over GBP STERLING??? .... sure there was supposed to be some "law" against some such.....
Well, there you go again... Falling back on the rule of law. How quaint.
That's going to be awesome. They potentially have a industry ending decision there.. They've "green-lighted" retailers to charge additional fees to consumers. J6P may not be very informed but they sure will notice a 2 to 3% increase in the bill from that fee. They may actually move to debit cards or even cash. Retailers will try to pass on the fee but will ultimately have to eat it to keep the customers.
Should be interesting to watch how it pans out.
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