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Zuckerman To CNBC: "The Recession Never Ended"

Tyler Durden's picture


Everyone's favorite perma-bullish stand-in for Cramer, Fast Money's Scott Wapner, seemed lost for words when Boston Properties CEO Mort Zuckerman laid down some basic truthiness on the state of the US economy "We have the most stimulative fiscal and monetary policy in the history of this country and here we are three years into the recession and it's not ended. I think we may be heading for an even weaker economy this year than people expect." The righteous REIT ruler went on to note that it is not just the US but Europe (ridiculously high unemployment rates) where he analogizes (rather picturesquely) that it reminds him of "the man who jumps off a 25-story building and as he's hurtling by the sixth floor he says 'don't worry, nothing has happened yet'." Wapner is silenced and changes the topic as we suspect he is stunned at the honest sentiment given the nominal three-year-highs in REIT indices. Truth is indeed stranger than fiat-fiction.


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Wed, 05/02/2012 - 14:30 | 2391788 Nid
Nid's picture

Hey look...they're "First In Business Worldwide..."

Wed, 05/02/2012 - 14:34 | 2391810 cossack55
cossack55's picture

Without my glasses it looks like "First in Bullshit Worldwide..."

Wed, 05/02/2012 - 16:02 | 2392019 markmotive
markmotive's picture

Never ended...and it may never end.

Wed, 05/02/2012 - 17:34 | 2392287 Sudden Debt
Sudden Debt's picture

But on the bright side people EXPECTED it to be less BAD!
must be worth a few hundred points on the dow... At least...

Wed, 05/02/2012 - 17:54 | 2392339 lemonobrien
lemonobrien's picture

well, living in san francisco, i can tell you, the embarcodero center is not where social media companies locate. it has a good independent movie theatre and indian restaraunt.

Wed, 05/02/2012 - 18:21 | 2392356 Muppet Pimp
Muppet Pimp's picture


Wed, 05/02/2012 - 21:56 | 2392770 AldousHuxley
AldousHuxley's picture

embarcadero is where a lot of financial companies operate from.


built by

Trammell Crow largest landlord in US in 1970s


David Rockefeller, grandchild of standard oil.



Wed, 05/02/2012 - 21:53 | 2392767 Buck Johnson
Buck Johnson's picture

It won't end, because our economy will implode.  And when it does it will destroy whats little democracy we have in this country.  Because once the checks stop coming from the govt. and people have nothing they will go nuts.

Wed, 05/02/2012 - 21:58 | 2392776 AldousHuxley
AldousHuxley's picture

"end of recession" is Obama's version of Bush's "mission accomplished"

10 years before its time, not in a good way.

Wed, 05/02/2012 - 14:38 | 2391825 Silver Bug
Silver Bug's picture

Of course it never ended. Sadly we have many more bad years ahead of us. Position yourself correctly! Hold tight to your gold.

Wed, 05/02/2012 - 14:46 | 2391847 tempo
tempo's picture

There will never be a real economic recovery because the West (US and EU) represent the highest cost, most regulated, most litigious, most unrealistic economies in the world. Corporation only push for more entitlements while outsourcing every possible job to the East. Deficits, entitlement and war are the main competitive advantages in the West.

Wed, 05/02/2012 - 15:01 | 2391881 Hippocratic Oaf
Hippocratic Oaf's picture

Hope Mort liked his last 'interview' on CNBS. 


CNBS no longer has any talent.

Wed, 05/02/2012 - 15:21 | 2391945 alfred b.
alfred b.'s picture


   Funny that they switched subject to Murdoch once they weren't getting the favorable and positive answers they expected!   cnbc can't stand the truth!!



Wed, 05/02/2012 - 15:33 | 2391981 jonan
jonan's picture

lol, CNBS, commies N bullshit

Wed, 05/02/2012 - 15:53 | 2392026 SokPOTUS
SokPOTUS's picture

Funny how they can have no talent, while retaining plenty of "talent"; simultaneously.

Wed, 05/02/2012 - 15:10 | 2391913 SheepDog-One
SheepDog-One's picture

'First in business worldwide' with 20,000 avg viewers at a given moment...pretty funny!

Wed, 05/02/2012 - 15:14 | 2391924 oddjob
oddjob's picture

'First In Business Worldwide' with only upticks no less.

Wed, 05/02/2012 - 19:33 | 2392508 Freddie
Freddie's picture

Zuckerman/Zuckerberg voted for Hope & Change.  F him.   Only tards watch TV. TV has enslaved the public so thank morons who watch TV for your serfdom.   They can easily control the sheep with TV.  F TV.

Wed, 05/02/2012 - 20:47 | 2392613 earleflorida
earleflorida's picture

Mort Zuckerman doesn't kiss anyone's ass, period! He's a straight shooter. I've always enjoyed watching him on the McLaughlin Group. Simply said, he's just a good guy, that's filthy rich, but a very generous philanthropist. 


Wed, 05/02/2012 - 14:30 | 2391790 DavidJ
DavidJ's picture


Wed, 05/02/2012 - 14:31 | 2391797 slaughterer
slaughterer's picture

JP Morgan (JPM) CEO Dimon says there was 'give and take' in banks' meeting with the Fed.


HA HA HA HA HAAAAAAAAAAA HAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now I feel better.  

Wed, 05/02/2012 - 15:34 | 2391985 Elwood P Suggins
Elwood P Suggins's picture

Nothing new here.  The FED gave and the banks took.

Wed, 05/02/2012 - 19:23 | 2392489 The Navigator
The Navigator's picture

Yeah, we give, they take

Wed, 05/02/2012 - 14:30 | 2391794 Normalcy Bias
Normalcy Bias's picture

I'm surprised CNBS didn't go to a test pattern seconds before Mort got this out over the airwaves...

Wed, 05/02/2012 - 14:31 | 2391798 Dr. Engali
Dr. Engali's picture

Ugh my age is showing. I just watched a commercial where the Fonz is peddling reverse mortgages to old people.

In the end the banks will own everything I guess.

Wed, 05/02/2012 - 14:36 | 2391816 Normalcy Bias
Normalcy Bias's picture

That ad saddened me, too. I thought Winkler had more integrity than that...

Wed, 05/02/2012 - 15:27 | 2391957 NotApplicable
NotApplicable's picture

Integrity? From a product of Hollywood? LOL

Must be your bias. ;-)


Wed, 05/02/2012 - 15:33 | 2391977 iDealMeat
iDealMeat's picture

exactly..  He's hired/paid based upon him NOT understanding the product he's selling..


Wed, 05/02/2012 - 15:40 | 2391998 Normalcy Bias
Normalcy Bias's picture

Perhaps it's the last vestiges of naivete leaving my body, but Winkler seemed like one of the few Hollywood 'Good Guys.'

Wed, 05/02/2012 - 16:14 | 2392053 Argonaught
Argonaught's picture

Many lose their integrity when they lose their first job (acting) and fail at their second (have you seen his children's books??).  Even the Fonz needs to eat...

Wed, 05/02/2012 - 17:59 | 2392346 Henry Chinaski
Henry Chinaski's picture

I was fired from at least three jobs by the time I was 17.  Nothing gives you a sense of utter worthlessness like getting fired from a minimum (or sub-minimum) wage job.  I  wasn't cut out for french fries and it all worked out in the long run.  I mourn for the young generation who hasn't learned how to find a job, never mind lose it.  There's no reinforcement like failure. 

Thu, 05/03/2012 - 01:32 | 2393074 Temporalist
Temporalist's picture

I've said this before here but I know of someone who fired a collage aged girl for being a terrible worker and her parents showed up and asked for her job back.  She didn't get it back but that just goes to show how mental people have become. 

Wed, 05/02/2012 - 18:26 | 2392402 Westcoastliberal
Westcoastliberal's picture

Like Jimmy Fallon shillin' for Capital One.  So disappointed.

Wed, 05/02/2012 - 19:51 | 2392537 Freddie
Freddie's picture

People who watch TV enable this and enpower their overlords.  Dumb serfs - they traded liberty for a clicker and HD.

Wed, 05/02/2012 - 23:16 | 2392906 cbxer55
cbxer55's picture

Right on! Besides, its nothing but commercial advertisements anymore. No point in watching the fool thing. Try and watch a show, and they keep cutting it out for the rude interruptions. I frikkin hate tv.

Thu, 05/03/2012 - 00:03 | 2392977 TheMerryPrankster
TheMerryPrankster's picture

The commercials are there to show you how inadequate your own life is. How well other people live and how easily you could fix all your problems if you just buy whatever turd they're selling.

The shows are just bait to keep you around for the constant drumbeat of inadequacey.

Television gives you nothing and takes everything away from you and you pay for the priviledge of getting fucked over with your big ass cable bill, that big ass flatscreen on your credit card at 28% interest and the loss of the days and hours of your life that could be spent in better pursuits. Hell sleeping is better time spent than watching television.

Satan's dreambox thats all it is, of course Satan and the CIA  are bedfellows. Keep watching, its what they want you to do.

Thu, 05/03/2012 - 11:59 | 2393009 cbxer55
cbxer55's picture

The big screen is paid for. Paid cash for it as a Christmas present for my wife in 2011. I rarely, if ever bother to even turn it on myself. At least my wife knows how to use the remote to either change channels during the bla-bla-blas, or at the very least mute the audio. She did not use to do that, but even she has started commenting on the amount of commercial interruptions that the idiot box has these days.

She pays the cable bill, its her tv, and her bill. I would not pay for that if you gave me the money do do so. ;-)

And I most definitely agree with you on the sleeping thing. I work night shift just so I do not have to be woken up by an idiot alarm clock every morning. Get up when I want, as early or late as I want.

Thu, 05/03/2012 - 01:38 | 2393079 Temporalist
Temporalist's picture

For those that don't know they actually blatantly advertise products in shows now.  Here is a clip from Colbert that is if nothing but embarassing to all parties involved:


Wed, 05/02/2012 - 14:47 | 2391849 Joe Davola
Wed, 05/02/2012 - 14:55 | 2391867 HD
HD's picture


Wed, 05/02/2012 - 15:17 | 2391936 Whalley World
Whalley World's picture

Winkler - the Fonz

Bernank - the Ponz

Wed, 05/02/2012 - 15:58 | 2392031 Normalcy Bias
Normalcy Bias's picture

Yes, and The "Bernank" 'jumped the shark' a LONG time ago...

Wed, 05/02/2012 - 20:42 | 2392610 krispkritter
krispkritter's picture

The Fonz hawking a 'mortgage' you never have to rep-Ayyyyyyyyy...old actors never die, they just do commercials.

Wed, 05/02/2012 - 14:32 | 2391800 Global Hunter
Global Hunter's picture

They went to a camera shot of all those fast money lunch dooshes, each and every stunned and resigned look on their faces was priceless.

Wed, 05/02/2012 - 14:33 | 2391804 Cone of Uncertainty
Cone of Uncertainty's picture

Hey earnings are up because companies are issuing cheap debt to buy back stock, no problem, chill, this is sustainable.

Wed, 05/02/2012 - 14:33 | 2391805 Strike Back
Strike Back's picture

The fuck.  Zuckerman tells it like it is on the U.S. economy.  Bankster shill redirects to Europe.  Gotta keep that dollar up.

Wed, 05/02/2012 - 15:17 | 2391937 oddjob
oddjob's picture

Ask Mort about 9/11, see if he tells it like it is. Just another maggot in a suit.

Wed, 05/02/2012 - 14:33 | 2391807 Rastamon
Rastamon's picture

oooooooooooooops .... too much truth again


someone kill the satellite feed.... QUICK !!

Wed, 05/02/2012 - 14:33 | 2391808 Joe Davola
Joe Davola's picture

Uh-oh, 10 minutes to Wapner.

Wed, 05/02/2012 - 14:34 | 2391809 Cdad
Cdad's picture

Every once in awhile, even a criminal syndicate Wall Street guy accidentally lets slip with the truth.  

It was a funny interview indeed, as the commentary after the truthy comments went exactly where you would have expected with a positively bullish comment on Simon Property Group, of course.

In the meantime, never mind the moronic paraballa that is the SPG chart, and never mind that the entire retail complex is printing its masterpiece secular top, and never mind the $18.9 billion [that's BILLION] in debt that Simon is carrying, and never mind the 3 year long one way trade in the whole group [powered by mindless HFTs, of course] fact never mind anything...and just listen to the perpetually fading BlowHorn [CNBC] sell side shills as they seek the greatest fools of all to buy the obvious tops.

Also included around this same interview was an attempt to get sheep to buy the top of the housing stocks, which put on a magical ponzi top trade show this morning...before being shorted just in time for Joe "last on the train" Teranova to declare housing has bottomed...and a call to buy building supplies.

Die BlowHorn [CNBC]...just let the body of your network lie down on the floor next to where your integrity fell years ago.  Someone please....mercy....just turn the lights out in that building already.

Wed, 05/02/2012 - 14:37 | 2391818 Cone of Uncertainty
Cone of Uncertainty's picture

Yeah, but AFFO multiples are "compelling."

Wed, 05/02/2012 - 18:37 | 2392417 Squid Vicious
Squid Vicious's picture

LOL!  Joe "you GOTTA be long RIMM (@83)" Terranova is my favorite, what a greasy momo clown 

Wed, 05/02/2012 - 14:35 | 2391814 HD
HD's picture

I posted this about 12 hours ago...

"CNBC has always had a bullish bias - but is now just propaganda. Not spin - PROPAGANDA. Pay close attention to the anchors faces and follow up questions when an interview does not "go" where it is supposed to: BUY, BUY, BUY."

Wed, 05/02/2012 - 14:43 | 2391837 Cdad
Cdad's picture

Pay close attention to the anchors faces and follow up questions when an interview does not "go" where it is supposed to:

Exactly.  Of course, The BlowHorn [CNBC] anchors will be the last to turn on the market...probably when it is about 20% lower than it is right now, and everybody who has been long REITs for three years  has blown out there positions.

Just disgusting...and so patently obvious these the BlowHorn continues to believe that everyone watching the network is a moron.

Wed, 05/02/2012 - 15:29 | 2391966 NotApplicable
NotApplicable's picture

Watching that network makes one a moron.

See, it's a process, not a belief system.

Wed, 05/02/2012 - 19:56 | 2392547 Freddie
Freddie's picture

TV is for morons who give power to the people making you into a serf.  Keep watching - it helps them keep you a serf.

Wed, 05/02/2012 - 23:42 | 2392943 TheMerryPrankster
TheMerryPrankster's picture

Manipulated reality where they control your perception of the world, your place in it and your "normalacy".

Television is the 3D wall paper of the matrix, it's the big lie etched on your optic nerve 60 times a second for as long as you can sit like a zombie absorbing the propaganda.

Its a honeytrap you can't turn away from and its eating your life, consumming your days, steadily transporting you into old age and poverty.

Keep watching, its what they want you to do after all,and good drones always behave.

fat,docile and distracted, its your future as long as you own a television.

Wed, 05/02/2012 - 14:35 | 2391815 Cone of Uncertainty
Cone of Uncertainty's picture

Guys chill, Facebook is coming public, we are all going to be rich.

Wed, 05/02/2012 - 16:30 | 2392091 owensdrillin
owensdrillin's picture

I think that the Facebook IPO may be the straw that breaks the market's back. If that IPO does not go well, and it may not with all the internet monitoring the government is doing now, then my opinion is that the bullshit stops here.

Nothing is working in this market and there is no reason to think that it is going to work without continuous stimulus and printing. The rigged game is up and I think the average Joe know this. The recession never ended any no one is buying the bullshit that it did.

Time to get the ropes ready on the lamposts. A re-set would be better right now than three or four years from now when there are even more completly useless people living off the government.

Wed, 05/02/2012 - 14:37 | 2391820 falak pema
falak pema's picture

I am waiting to see all the skeletons come out of the cupboard if this DJIA pumping unwinds; there wiil be tears and there will be blood; amongst the Olligarchs. Oh, if the French elections were to affect the mood of City sharks who are scared shitless of France saying we will impose Tobin and we will ban and regulate derivatives in Euroland...oh, the pain, the pain and the rage...

Wed, 05/02/2012 - 14:44 | 2391839 GeneMarchbanks
GeneMarchbanks's picture

The City will stay untouchable unless the Franco-German alliance is truly intent and fixed on Tobin while also ready to completely break with the Empire in case it gets ugly.

I do not believe that is in the cards.

Wed, 05/02/2012 - 15:17 | 2391933 Poetic injustice
Poetic injustice's picture

I don't think France and Germany will make unholy alliance, that would make "one ordnung" in Europe though. Instead I believe "everybody by himself" more, eating weak and circling strong waiting while he drops.

Wed, 05/02/2012 - 14:37 | 2391822 the mad hatter
the mad hatter's picture

LOL What a segue: screw economic reality... HOW BOUT THAT HACKING SCANDAL?

Wed, 05/02/2012 - 14:41 | 2391832 ebworthen
ebworthen's picture

Zuckerman's company is invested in areas where the Government Candy is still flowing and the delusional maximally deluded.

The REIT's never took the dump they should have and will; too many believing that it is 1982 all over again while ignoring that brick-and-mortar retail along with career employment is dying on the vine.

Wapner switches to the News of the World story?  What?  WTF does that have to do with anything other than trying to discredit Zuckerman because he knows someone there?

I'm surprised they didn't jump in with a "Gold is a barbarous relic" segue.

Wed, 05/02/2012 - 14:44 | 2391840 Silverhog
Silverhog's picture

Wow, change the subject. They might as well asked him the firing order on a 78 Honda Civic. What the hell does he know about the London phone scandal and why would he care. CNBC boobs.   

Wed, 05/02/2012 - 14:56 | 2391869 Dr. Richard Head
Dr. Richard Head's picture
It's a four cylinder, so I think 1-3-4-2 is the correct firing order for a 78 civic.  Wait, what were we talking about?
Wed, 05/02/2012 - 16:00 | 2392034 General Decline
General Decline's picture

I never thought the firing order on a 78 civic could be so funny. Good one.

Wed, 05/02/2012 - 18:25 | 2392400 Westcoastliberal
Westcoastliberal's picture

Yes but didn't you have to kick-start a '78?

Wed, 05/02/2012 - 19:31 | 2392505 The Navigator
The Navigator's picture

kick it to start it rolling downhill

Wed, 05/02/2012 - 16:26 | 2392075 CvlDobd
CvlDobd's picture

<<<<< Crossplane crankshaft!

Wed, 05/02/2012 - 14:44 | 2391841 chancee
chancee's picture

Scott Wapner IS  THE  BIGGEST  TOOL  OF  ALL  TIME.  But take note what's going on here...  As usual, playing bitch boy to Wall Street, CNBC is going into 'market correction mode' where they actually let guys like Zuckerman not only on the air, but have their say.  You can tell from Wap-cheesball's comments that they're familiar with his bearish stance from the writings on Zuckerman's blog, so they knew what kind of commentary he would give.  Ordinarily, this guy would be cut off immediately or brow-beated into submission. 

CNBC has been instructed that it's time to scare the sheeple the other direction for a little while...  I noticed on Fast Money last night they were 'allowing' a more somber tone and some bearish commentary to slip through the firewall as well.  So far, this is my biggest confirmation we're going to have a nasty correction with QE3 coming in before election.

Wed, 05/02/2012 - 14:45 | 2391842 Zen Bernanke
Zen Bernanke's picture

Zuck is right.  the US economy is crap and europe is worse.  cnbs commentators are generally delusional and obviously hucksters for the tbtf banks.  right minded need not apply.   if it wasn't for CB's printing and allowing this charade to continue, sure stocks would all be at multi year lows by now, and there would be a few big bank failures and sovereign defaults (none of which is unprecedented), but we'd be a heck of a lot closer to retrenching and pulling out of this depression than we are now. 

Wed, 05/02/2012 - 14:53 | 2391859 Mercury
Mercury's picture


Truth is indeed stranger than fiat-fiction.


* fiation *


Wed, 05/02/2012 - 14:55 | 2391866 midgetrannyporn
midgetrannyporn's picture

This from a guy who either didn't know Madoff was a crook or thought he was a crook for him and his ilk only.

Wed, 05/02/2012 - 14:58 | 2391873 max2205
max2205's picture

1980...just wait 2 years (1982...look out wow)

Wed, 05/02/2012 - 15:00 | 2391876 Winston Smith 2009
Winston Smith 2009's picture

You need to remember that the CNBS shills didn't see the 2008 crash coming either.  Everything runs on Hopium there occasionally interspersed with facts when people like Kyle Bass are interviewed.

10% of US GDP in govt debt pumped into the US economy for four years now and we still haven't experienced a sustainable recovery.  Why?  Because the entire problem since 2007 has been excessive debt!  But, as Steve Keen points out, since the idiotic 19th century economic models the "experts" use in an attempt to control the economy don't even include private debt in their equations and have a fairy tale view of the money creation process, we have these "experts" trying to fix a debt problem with more debt.

Gosh, I wonder why that isn't working...

Eventually, we'll be toast.

Wed, 05/02/2012 - 15:08 | 2391903 Winston Smith 2009
Winston Smith 2009's picture

Two more people that have a CLUE, Lauren Lyster and Mike Shedlock:!

Wed, 05/02/2012 - 15:07 | 2391901 Stoploss
Stoploss's picture



Scott Shellady just eluded to the fact the market just woke up to the divergence between US and EZ.

combined with the PMI / ISM fiasco, it might be time to strap in.

Lots of MSM dropped jaws and silence followed.


Wed, 05/02/2012 - 15:09 | 2391910 BlueStreet
BlueStreet's picture

The jokes on Wapner and his ilk because once this ponzi scheme collapses he'll look even more foolish, if that's possible.  

Wed, 05/02/2012 - 15:15 | 2391926 penexpers
penexpers's picture

He did change that subject quickly didn't he after that "falling off of the cliff" analogy?

"...whoa there terrorist! You must now comment on Murdoch and his bullshit... thank you..."

Wed, 05/02/2012 - 15:18 | 2391938 SheepDog-One
SheepDog-One's picture

'Uhhhhh....SO! What do you think about the phone hacking scandal then??

Wed, 05/02/2012 - 16:06 | 2392044 Arkadaba
Arkadaba's picture

What's the opposite of segue?

Segue (def): A segue is a smooth transition from one topic or section to the next

Wed, 05/02/2012 - 18:05 | 2392357 blunderdog
blunderdog's picture


Wed, 05/02/2012 - 18:23 | 2392396 Westcoastliberal
Westcoastliberal's picture

More like "jump-cut with loss of video sync".

Wed, 05/02/2012 - 18:10 | 2392364 akak
akak's picture


What's the opposite of segue?

A non sequitur.

(literally: "Does not follow")

Wed, 05/02/2012 - 15:48 | 2392013 ElvisDog
ElvisDog's picture

I love the looks on the panel of morons at 3:30 when Zuckerman offers them no hope for the "recovery".

Wed, 05/02/2012 - 16:11 | 2392050 Steverino
Steverino's picture








Wed, 05/02/2012 - 16:24 | 2392071 BudFox2012
BudFox2012's picture

I'm not really that impressed by this - anyone reading this site already knows we are still in a Depression.  What is impressive is that someone actually still watches CNBC.  Good job Tyler, we now know who one of their 7 viewers are. 

Wed, 05/02/2012 - 16:44 | 2392121 slackrabbit
slackrabbit's picture

I just love, how once the guy has told the truth, they change the subject by asking him about he phone hacking scandal with news international. Like this guys knows anything about that. They may as well have asked him what he thought about he last episode of Fringe, at least that wouldhave made a fringe way :-)

Wed, 05/02/2012 - 17:29 | 2392276 TwelfthVulture
TwelfthVulture's picture

Yeah, because he's only like the owner of the NY Daily News, what the fuck would he know about publishing?  My question would be WHAT THE FUCK do you know about the markets?  And Why The Fuck are you here?

Wed, 05/02/2012 - 18:21 | 2392391 Westcoastliberal
Westcoastliberal's picture

He reminded me of the Snagglepuss cartoons; exit stage right!

Wed, 05/02/2012 - 16:54 | 2392153 Roy T
Roy T's picture




The few bearish call/opinions any of the traders present, Wapner looks agitated and he is downright gleeful when he gets to call out Dan Cortes on something he said weeks prior.  He is a total perma-bull

Wed, 05/02/2012 - 17:23 | 2392260 bernanke's wors...
bernanke&#039;s worst nightmare's picture

When is Ben going to fess up to it?? The attempt to reinflate the Ponzi bubble that burst in 2008 has failed.  We're probably days away from market's recognition of this failure.  I'll stick to my Russell 2000 @ 500 by Oct. 2012 forecast.  I think we're finally about to crash and this time there will be no policy actions that Ben and his cronies can employ to prop it all back up.

Wed, 05/02/2012 - 17:25 | 2392266 vinoverde
vinoverde's picture

I got distracted by Fonzie jumping the shark (never seen it before, thought it was urban legend almost) and keep thinking about why the FHA is guaranteeing reverse mortgages and just what the benefit is to the lender.

The free scooter folks (medicare will pay it all! its free) i can understand, they are selling a scooter.

The Robert Wagner, Fonzie guaranteed reverse mortgage i can't quite figure out. Can the lender stick FHA with the home if it goes underwater? And at the same time screw grandma and grandpa on the discount rate while throwing a few bucks to washed up actors? There must be a sweet deal here, where taxpayers take the risk, to finance so many commercials.

Wed, 05/02/2012 - 18:19 | 2392388 Westcoastliberal
Westcoastliberal's picture

I agree totally, and did you note the advertiser is "Quicken Loans" who is actually not a lender but plays one on TeeVee?

Wed, 05/02/2012 - 23:22 | 2392912 TheMerryPrankster
TheMerryPrankster's picture

quicksand loans from a company that makes accounting packages for morons and tax software for timmy geithner.

Gotta love america, you can't spell USA without the stupid anymore.

Its remarkarkable how fast we've fallen so far. We once dammed great rivers and now we can't carry bottled water on a plane because we have no spines left.

Wed, 05/02/2012 - 17:42 | 2392308 Yen Cross
Yen Cross's picture

 Zuckerman must have filled all his " Multi Family" REIT (rental), quotas for the quarter.  He should get together with Bill Gross and tear the world into a 4'th dimension!

Wed, 05/02/2012 - 17:43 | 2392313 kevinearick
kevinearick's picture

Cave Culture

thank gooodness nothing has happened yet...

If you are one of the many that need Pharma contraception and enhancement so you can continue “thinking” with your prick or vagina and you want to continue building testaments to your behavior at the Young Mens Christian Association swimming hole, as an example to the other children manufactured by civil marriage, guided by StatsCanada, and you seek to tax the rest of us for the privilege, you can go f- yourself, and, oh by the way, we build the arsenal at the root of military power, which we may deploy or not at will, which is why your trillion dollar contraption is now getting kicked out of Afghanistan by a handful of cave dwellers, on your payroll, as an example of your impotence for the entire world to see. Keep using someone else’s measuring stick and wondering why the solution is ineffective.

That’s it; some government prick buys a big truck with big wheels to bully vaginas in small cars, and those vaginas idolize their uniformity, until they are all driving behemoth clunkers owned by the government and bitch up and down about $4 gas, selling pot for “organic” money instead of staples. Then move to the city, kill helpless babies, parade on Main Street in lingerie, fight sexual assault, and laugh at Bible thumping shysters competing with hedge funds to liquidate your pension funds. Aim low, but be just a little bit better than the slime you choose to surround yourself with.

Your Congress is locked up, your Administration is locked up, your Bank is locked up, and your Supreme Court is now finding out that it was locked up before this iteration began. Harvard, the best of the best of the best. Go ahead; flip us off as you drive by in your defunct Hummer, but did you bother to notice the Alice backpack or the officer cut?

Tell me again why we should defend your constitution, when the Salvation Army is a prison at the end of a road built by the United Way, and serviced by the Red Cross. Any German can recognize a lying Crusader before he opens his mouth, but keep making those donations on your eye phone, by all possible means, like your Homeland Security depends upon it. Stand in line at the trough and expect something other than tyranny.

Trust the Shell empire; the whole truth and nothing but the truth. Consumer electronics is definitely the answer. You told Obama what was going to happen to the price of oil, you voted for him, it happened, and you are pissed off. Logic we can believe in. Go ahead; put your money on stupid again.

Wed, 05/02/2012 - 18:33 | 2392411 supafuckinmingster
supafuckinmingster's picture

KEVINEARICK: " ......If you are one of the many that need Pharma contraception and enhancement so you can continue ......."


Who's that tirade aimed at?

Thu, 05/03/2012 - 13:43 | 2394488 kevinearick
kevinearick's picture

read what you wrote...

Wed, 05/02/2012 - 17:59 | 2392347 Westcoastliberal
Westcoastliberal's picture

Jubilee.  Because we're all Icelanders now, bitches!

Wed, 05/02/2012 - 18:08 | 2392363 jamezelle
jamezelle's picture

what happened to the green shoots?

Wed, 05/02/2012 - 18:12 | 2392371 akak
akak's picture

Not "green", silly -- "GREED"!

Wed, 05/02/2012 - 23:13 | 2392897 TheMerryPrankster
TheMerryPrankster's picture

Apparently another mass media hallucination. In a constant stream of propaganda yesterday's buzz words fall away like rain on the windshield of a jet.

Rough patch, green shoots, slowdown, irrational exuberance,  all newspeak terms for fraud and its ramifications. Fraud cannot be used as an official term against government or corporations - they make "mistakes - without admitting guilt" only the peons can commit fraud. When they have to mangle the language to continue the lie, their time is running short.


Wed, 05/02/2012 - 22:16 | 2392808 jonjon831983
jonjon831983's picture

Agent from the Office of Strategic Influence hands paper to the show's producer.

Here is a list of possible topics, TELL him to change the topic NOW.

Thu, 05/03/2012 - 03:15 | 2393120 cnhedge
cnhedge's picture

US Daily: 2012 US April Payroll Preview: Sluggish

Thu, 05/03/2012 - 07:48 | 2393273 writingsonthewall
writingsonthewall's picture

I love the idea that "REIST are on fire" - because they are at the highest rates in 3 years.


Is this presenter dumb or what? 3 years ago was not a high, it was a relative low.


This is just bullshit - glad someone shut the stupid fuck up.

Thu, 05/03/2012 - 07:54 | 2393276 writingsonthewall
writingsonthewall's picture

Oh...and one other thing - the interviewer shows what a prize asshole he is - he MISQUOTED the report from UK MP's yesterday about Rupert Murdoch.


It said he was not a 'fit' person, not a 'fit and proper' person - a key difference as one it just a 'swipe' and the other is the criteria used to decide if he should keep his UK TV franchise.


Seriously America - you need to rid yourself of these factless talking heads.

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