Bank Nationalization? No, Hostile Takeover. The Market Based Solution That Can Actually Work

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Tuesday February 24, 2009 · 11:17 AM PST

2009/02/24 · 11:17

Be it named "preprivatization," "receivership," "nationalization," etc. I recognize the fear of an ad hoc rescue plan for the banks that results in short term government control. If the government takes over Citigroup, for example, and wipes the shareholders out, other bank shares will plummet (making them perversely more likely to be taken over especially given the decision to use Total Common Equity and not Tier 1 capital as the benchmark measure for the stress test) because they know if they get caught holding shares they're going to lose whatever equity they have. Hence, it's not so much the shareholders of the banks that are currently the biggest worry (anyone who owns Citi or BoA right now are speculators, and it's only roughly 40b in equity at most between them we're talking about) but instead the investors into other publicly traded banks that might be taken over and hence further shake confidence in the banking industry. At the same time, an effective temporary receivership strategy is the only way we're going to get both a full accounting and a permanent solution to the financial crisis-

skaiserbrown

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Saturday September 20, 2008 · 8:20 AM PDT

2008/09/20 · 08:20

Because he wouldn't be able to post a diary for another week, and by then it will be too late.

Dear Senator Christopher Dodd,

I understand you are going to be working all this weekend on developing a Federal bailout of our financial institutions from the bad debts they have incurred. I understand that this debt may total as much as one trillion dollars, or more. This is an extraordinary addition to our nation’s overall debt. I can understand that you and our other leaders would hopefully never endeavor just a costly expenditure at taxpayer expense without being convinced that it is necessary to avoid even more negative outcomes. That being said, I firmly believe we taxpayers are due some return in our investment of bailing out these private profit-making corporations who are benefiting from our largess. Here are the benefits and reforms I believe should be considered as necessary to allow this bailout.

skaiserbrown

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Monday April 28, 2008 · 4:51 PM PDT

2008/04/28 · 16:51

So here I am. I watch Rev. Jeremiah Wright yesterday, and think he gives an excellent speech that makes him a much more human and well rounded character than he's been portayed as in the media. I guess I was watching something else. MyDD's Jerome Armstrong, a bitter Democrat posing as an "outsider" when he hasn't been anything like that for the past four years, who hasn't had anything useful to say since 2007 and who demands puritanical purity from fellow netizens, stated that Obama was now going to throw Rev. Wright under the bus, because Obama is clearly just a terrible person who pulled the wool over our eyes. Never mind that Obama put his career on the line by sticking with Rev. Wright.

Ok, I can dig that. Then I come here, and see Obama excoriated by Kos for giving succor to the enemy. To which I can only say:

WHAT THE FUCK IS WRONG WITH YOU ARROGANT SONS OF BITCHES?

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday April 27, 2008 · 3:42 PM PDT

2008/04/27 · 15:42

As anyone who reads this site knows, especially anyone who chooses to delve into the diaries, Senator Hillary Clinton won the Pennsylvania primary on Tuesday by 9.14% over Senator Barack Obama. With over 200,000 more votes than her opponent, the non-psychotically-obsessed observers amongst us might think that Senator Clinton had scored a major victory that changes the face of the race.

The rest of us know that picking up a net of 10 delegates when you're down over 150 with only 408 more pledged delegates left to win in a state favorable isn't enough to do that, nor enough to get the 300+ undecided superdelegates to support you en masse.

After the jump, a (hopefully helpful) primer on how delegate math is done, and the delegate math for the next two contests on the schedule, the Indiana Primary on May 6th and the Guam caucus on May 3rd.

edit: This is a repost, given that ~30 people read the original and 20 of them rec'd it. Just going for a wider audience @ not 4am on a Friday. I acknowledge for the faux pas.

Poll

103 votes Show Results

exactly how heinous is reposting a diary because it got ignored?

103 votes Vote Now!

exactly how heinous is reposting a diary because it got ignored?

I am troll rating you for it

7 votes

You should be ashamed

1 vote

What are you, some sort of narcissist?

15 votes

Mildly Irritating

7 votes

Hey, this is actually pretty cool!

73 votes

Schoolhouse Rock: Delegate Math, vol 1 (Guam and Indiana)

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday April 25, 2008 · 2:40 AM PDT

2008/04/25 · 02:40

Poll

30 votes Show Results

Should I post the writeups for the next 7 primaries?

30 votes Vote Now!

Should I post the writeups for the next 7 primaries?

Yes

28 votes

0 votes

Yes, but only if you stop pretending you're funny

2 votes

Encyclopedia McCain and the Curious Case of Mistaken Foreign Policy Facts

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Monday March 31, 2008 · 2:01 PM PDT

2008/03/31 · 14:01

It's been well covered here and elsewhere about how McCain mistook Sunni for Shia this past week. While I tend to be sympathetic to the idea that it was merely a mistake since I more than once have said one thing while meaning another, I did notice today another statement that strikes me as indicative of either mendacity or cluelessness.

"This goes back to when we didn’t have enough boots on the ground, after the initial military success,’’ he said. "Iranian clerics moved into the region, Iranian influence moved into southern Iraq, and we basically, and the British, did not do a great deal to prevent them."

Will the media pick up on the constant mistakes McCain makes when speaking about foreign policy?

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Wednesday February 06, 2008 · 3:03 PM PST

2008/02/06 · 15:03

It's been a really long time since I've posted a substantive diary on DKos, but given that I've already written this, and I'd like feedback on my thoughts, here goes:

So, I got asked by a friend this afternoon, "Scott, Obama reports having like 20 some more delegates than Clinton. Discuss."

Poll

72 votes Show Results

When does the primary end and the Dems settle on a nominee.

72 votes Vote Now!

When does the primary end and the Dems settle on a nominee.

3/5, after Ohio and Texas

22 votes

Between 3/5 and 4/22

8 votes

4/23, after Pennsylvania

19 votes

5/7, after North Carolina and Indianapolis

5 votes

5/21, after Kentucky and Oregon

3 votes

Between the end of May and the start of the Convention

4 votes

At the (brokered) Convention

11 votes

Historical Leadership Poll Results

skaiserbrown

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Wednesday April 25, 2007 · 3:46 PM PDT

2007/04/25 · 15:46

as we now have a new leadership poll up, i wanted to check on the past results and see if there were any discernable trends. originally a comment, too lazy to clean it up.

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Tuesday January 16, 2007 · 7:17 AM PST

2007/01/16 · 07:17

Short on the details, but the Hotline blog states that he'll be filing his papers today and announcing his intention to run on his website.

"Sen. Barack Obama (D-IL) has decided to run for president and will file exploratory committee papers later today, Democratic sources said. At 10:00 am ET, Obama will post a video announcement on his website."

http://hotlineblog.nationaljournal.c...

This, while pretty much expected, means that there's at least 3 top tier candidates in the race now. It should be a fun primary season.

My dad gets in on the sinclair act

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Wednesday October 20, 2004 · 10:35 PM PDT

2004/10/20 · 22:35

he's a pretty rambunctious dem, and has been spitting mad for the past 4 years. he sent me this email earlier tonight in re: the sinclair company Read More

Clark Veep Rumor

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Saturday June 19, 2004 · 4:26 PM PDT

2004/06/19 · 16:26

Heard around the office that someone from the Chicago DNC had heard that Kerry personally asked Clark to be the vice president recently. no confirmation, but i figured i'd stir the pot a bit.

hey, i'll be happy with anyone but the gepper.

New Oklahoma Poll

skaiserbrown

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday May 23, 2004 · 10:47 AM PDT

2004/05/23 · 10:47

Done by the Daily Oklahoman, and done extremely crappily (300 phone calls, 200 online, they say the MOE is 4.4% for the general questions, and 5.7% for the primary questions, i'd wager it's at least 5%).

the articles are here, here, and here. Read More

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Bank Nationalization? No, Hostile Takeover. The Market Based Solution That Can Actually Work

On Behalf of my Father, an Open Letter to Senator Dodd

Bugger the blogosphere

Indiana Delegate Prediction, wherein Obama asks "Where're all the delegates at?"

Schoolhouse Rock: Delegate Math, vol 1 (Guam and Indiana)

Encyclopedia McCain and the Curious Case of Mistaken Foreign Policy Facts

Delegates, Or, WTF just happened. (Plus, What Happens Next)

Historical Leadership Poll Results

Obama to File Exploratory Committee Papers today.

My dad gets in on the sinclair act

Clark Veep Rumor

New Oklahoma Poll