Go Home

Open Thread

open thread dentist_868f0.jpg

heldentica_061e9.jpg

"Open Thread" typed and colored in "Heldentica," a toothpaste font, from the webwonks at the aptly titled The Quick Brown Fox Jumps Over The Lazy Dog*. h/t Hip Young Thing. (*it's "jumps" thx for correcting.)

Oh, and it is an open thread. Minty fresh breath optional.

About Bluegal aka Fran
Bluegal aka Fran's picture
Executive Producer of The Professional Left Podcast. On staff at Crooks and Liars since 2007. Master's degree from Harvard. Happy wife of Driftglass. Mother of three geniuses. Obsessive knitter. Blogs at http://bgalrstate.blogspot.com. .
Share This Post

Link To This Post


78 Comments
ysbaddaden's picture
)o(

Geez y'all are piling up new threads faster than I can beat the people who'll say FRIST!


Diabolus est Deus Inversus

ysbaddaden's picture
)o(

Geez y'all are piling up new threads faster than I can beat the people who'll say FRIST!


Diabolus est Deus Inversus

Abbybwood's picture

Which neck of the woods are you in? Just curious?


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

ysbaddaden's picture
)O(

I hail from Texas,I thought everyone knew that.


Diabolus est Deus Inversus

k_nomad's picture

Neo-Con John Bolton Says The Road To Iran Passes Through Gaza

Heres the link:

Islaam Tv

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

all I do is flush it.


Some stuff you can't make up!

Abbybwood's picture

http://www.politico.com/news/stories/0109/169...

http://thehill.com/campaign-2008/cornyn-promi...

http://www.cnn.com/2009/POLITICS/01/01/illino...

And last, but not least, a new film about the Palestinian situation in Gaza: (Pour yourself a tall one before you start watching this):

http://www.rys2sense.com/hub/get/vid/id/3.htm


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

chicano2nd's picture

especially for the last link.

Occupiers when they refuse to acknowledge themselves as such are like alcoholics in denial. They refuse to acknowledge that their koolaids are in fact bad for them as human beings.

It is hopeful, at the very least, that there are progressives within the Israeli people that see the same thing the occupied people can see but most occupier-enabling people work to avoid or suppress.

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

FUCK THE BCS!!!!!!!!!!!!!!!!!!!


Some stuff you can't make up!

Abbybwood's picture

There has to be a better way!

We need college playoffs, just like in the pros.

Then have a college "Superbowl".

Right?


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

the kids get put at risk and there's no payoff. make it simple. the BCS system is very biased because it actually starts off with pre-season power rankings, rather than team performance. All they have to do to tweak the BCS rankings to make them more fair is to take away the late-season bias against losing and to include head-to-head W-L as part of the rankings. the strength of Utah's opponents was quite high, but the BCS doesn't even include Utah's conference in their mix.


Some stuff you can't make up!

Abbybwood's picture

Winner of Fiesta Bowl (Texas/Ohio State) plays winner of Rose Bowl (USC/Penn State) at the location of which ever team has the better record the following week. It may depend on which team had the better conference record.

Winner of the Sugar Bowl (Utah/Alabama) plays the winner of the Orange Bowl (Cinn./VA Tech) at which ever location that team has a better record the following week.

One weekend there are three games. Winner of Rose Bowl plays Fiesta winner, winner of BCS Championship game has a week off for rest, and the winner of the Sugar Bowl plays winner of the Orange Bowl.

Then the winner of the Rose and the Fiesta play the winners of the Orange and the Sugar.

After this, the winner of the above plays the BCS Champion for The College Bowl.

Winners play each other at neutral site for College Bowl Championship.

The National College Championship game should be the day before the Superbowl.


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

remember they are students. any draftable person should not play. why should they risk their future livelihood for our competitive gratification? best W-L record, best power ranking, strength of schedule, conference strength plus tiebreakers(whatever).

the only people who profit are TV, advertisers and a few schools. The kids get nothing.


Some stuff you can't make up!

ron's picture

It's the gladiator sport of the present. Those that survive without serious injury move on to the pros and if they survive that there are many rewards to be reaped.

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

don't you think?


Some stuff you can't make up!

ron's picture

Not really. Just fact.

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

Let the kids have their growing days of what if. greed is all that motivates the playoff rush and the BCS is being screwed with just to create the rush to a playoff system.


Some stuff you can't make up!

Uncle Joe Mccarthy's picture

unless the respective bowls and conferences continue to make money

money is the only reason there is no playoff system

and i have no doubt in my mind, that this year, usc would be national champions

penn looked like a hs team against them....forget the second half, sc was just coasting

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

eight teams play seven games in a playoff system
eight teams play four games with no playoff system.

three more games worth of money and each advancing team gets more money

and the winner of the final game gets the most money

and the kids get nothing.

NCAA rules have the kids as chattel.


Some stuff you can't make up!

Uncle Joe Mccarthy's picture

they will opt out

of course the kids are chattel

the whole college sports system is a friggin scam

the kids should get paid...as should kids who get full scholarships in any other academic field, and bring money into the school through their achievments

there is a reason so many kids leave school early for the draft....they cant afford to stay

the nba has made a total mockery of that system too

at least baseball is honest...they start drafting kids at 16...most choose to continue with their education even through university, in the hopes of getting bigger dollars and a shorter amount of time in the minors

in the case of football...the college system is the nfl's minor leagues....and that billion dollar biz should be subsidizing the american college system

Loom's picture

Uncle Asshat,

For a self-proclaimed democrat, you sure lack the integrity to speak honestly about Israel's continued massacres of Palestinians.

Yes, having 25 of your citizens killed by rockets over a period of 7 YEARS is an inconvenience.

Having more than 1000 of your citizens killed over the same period, your house demolished, your land confiscated, your children detained at checkpoint after checkpoint preventing them from reaching their school every day, your 10 year old son thrown in some god forsaken jail for throwing a stone at an Israeli soldier, waking up at 3 in the morning to a group of soldiers breaking into your house, your kids crying and your wife in her nightgown. Yes, it's all fun and games.

You see, in some sadistic, cynical twist, the Palestinian people were just asking for it all.

In comparison, your poor Jewish tribe, 7,500 miles away, sure is suffering.[/snark]

http://www.ifamericansknew.org/

If you had guts you'd show your face. I'd love to see what a real loser looks like. Instead of ignoring my posts, you could at least debate me on the facts, instead of running away like a drive-by blogger with nothing but talking points to regurgitate.

calgarylady's picture

even though it is depressing. I cannot imagine what life must be like for the Palestinians right now and it certainly makes me thankful that I live in Canada. It may be -30C outside, but at least I'm safe and secure.

May there be peace soon for everybody in the Middle East.

NoOneYouKnow's picture

of the people killed in Palestinian suicide bombings might have something to say about that. Or the families of those kids killed when their school bus was shot up. Or survivors of one of those bus bombings.
Or maybe some of the Palestinians who aren't profiting from intertribal/interpolitical warfare and corruption.
My point being that, although Israel is be far the stronger power, both sides bear a lot of blame for the situation. Pretending that's not true doesn't help the situation.

calgarylady's picture

NoOneYouKnow, but just because I sympathize with the Palestinians does not mean I am against the Israeli people.

As I said in my above post, I hope there is peace soon for EVERYBODY in the Middle East.

As your name suggests, I don't know you and you don't know me. Making assumptions about someone, by words they did not say, is unfair.

lafingas's picture

And the blame should be proportional to the amount of destruction they cause!

Abbybwood's picture

Shouldn't have lost to The Beavers.

If Pete Carroll's gonna run his mouth and say they'll beat anyone, then start scheduling Alabama, Texas, Florida, Miami in the regular system instead of playing Virginia.

All of of the NFL scouts get to watch these guys play in these games. If they're worried about getting hurt then they are in the wrong sport. Maybe they should try golf instead.

It's separating the boys from the men.

Penn State may have played like a high school team, but SC only beat them by 14 points.

If USC is the best team in college football for the past 6 years they only have one crystal ball. The year they beat Oklahoma, and Oklahoma didn't even beat their conference.

USC should be sanctioned for all of Reggie Bush's illegal benefits.

And they still couldn't stop Vince Young.

Plus Matt Leinart doesn't have any class. "The better team lost."

Furthermore, U.S.C. should take all of O.J. Simpson's memorabilia down from Heritage Hall.


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

Bitter Bud Hussein's picture

IMO USC looked pretty po'ed and confused for most of the second half. USC deserved to win - they just have a better team and Penn State played very dumb football against them.

But it seemed once they got their act together in the 3rd quarter they moved the ball pretty well - much to the apparent chagrin of USC.

Rose Bowl was a tale of two halves - and USC had a better half. Nuff said.


Before enlightenment - chop wood, carry water. After enlightenment - chop wood, carry water.

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

Blago: innocent until proven guilty.

Fitzgerald: a repug hack who let chainey off and pinpricked libby. after 3 years of wiretapping, he needs another 90 days. does it smell like whitewater, yet? Is Fitz starting to look like Ken Starr?


Some stuff you can't make up!

Abbybwood's picture

Has sent about a 20 page directive to the current Illinois Secretary of State telling him he'd better move the appointment on per the LAW etc., etc., etc.

This could become VERY interesting.

And this Burris guy is no slouch. He was the former Attorney General in Illinois and actually ran against Blago and lost, then ended up supporting Blago in the general.

Burris may not be such a bad guy after all. Which might be why the Senate is fighting tooth and nail to keep him out! Drk, drk.....


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

political stench,

does it not?


Some stuff you can't make up!

Uncle Joe Mccarthy's picture

uhhh...couple years ago, the repugs wanted his head as a result of the libby indictment

you arent seriously trying to suggest that blago is a clean pol...are you???

there is a reason his poll numbers are lower than bush's

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

then have at it! Otherwise, end the war on democrats until a repug is executed for hateful hypocrisy. and what has the almighty fitz actually produced as evidence? and why should he get more time. they are boiling another whitewater for Obama.


Some stuff you can't make up!

Uncle Joe Mccarthy's picture

i for one will be more than happy to see blago kicked the fuck out of the party

he originally ran on reform...then became a part of the problem

there is no war on dems....just on blago

this isnt a witch hunt like in the spitzer case

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

call him an Illinois politician and impeach him for rumors and innuendo?


Some stuff you can't make up!

upchuck's picture

I would never defend a man like Blago that is dumb enough to get caught on a wire talking the way he did.

I just find it curious that 3 days after he refuses to allow Illinois to do business with Bank of America he gets slapped with an indictment.

Are the 2 connected?

I don't know?

Ferrofluid's picture

Spitzer's investigations, reforms and actions against the crooks there, they wanted his head on a platter, they got it.
Spitzer was cleared of criminal wrong doing recently.

Its an industry, collecting details and smears and ammo on troublesome politicians.

And you notice the real scumbags with well connected friends almost always get away with it, its the newer or apple cart upsetters that get hammered.

bobbquackenbush's picture

Why can’t there be sports where things are cleaned up and stuff is put away. I think they should televise more competition napkin folding from Hong Kong; or Curling, except without the stones, ice, and brooms, or the really excited Canadians. I could get into some world class sitting too, as long as the commentators don’t whisper when you know their miles away. And how come there aren’t any international bra strap snapping challenges, I’ve heard stories about some from the sixties that sound like they could make it on ESPN 2.
I hope I can remember George Carlin until I die. Not his stuff but he’d recognize the form.

DaveM's picture

Folks, a couple of nights ago here I called Americans pathetic losers. That was the result of frustration and disappointment over the last 8 years of unbelievable degradation that my home country, America, has suffered. I guess all I was trying to express was that I want the country to realize its potential instead of playing political games. I still shake my head that you reelected that criminal in 2004, and nothing would please me more than to see Cheney in prison garb, but until then you seem to have wakened so that's a start. I'll never leave Canada, my home now for 35 years, because this is a more compassionate society and is more aware of the world of which it is a part. Let's hope Obama becomes the light I think he can be...I voted for him.

Trust me, we have plenty of them here. But just curious, how did you vote for Obama if you've lived in Canada for 35 years?


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

DaveM's picture

I was born in NJ of Canadian parents, so I'm a dual citizen.

Tequila's picture

Bitch McConnell has a problem with Barry's massive spending on investment in the country, but is fine with massive spending on the war. The GOP Senate refuses to recognize states' rights when it comes to Minnesota. Obama wants to take on China in a new space race-hopefully with no new Star Wars programs. States are calling for gas and mileage taxes, because they don't have the balls to tax the rich. Shrub's legacy: a world decline in jobs and industrial output. Toyota's ready to tackle solar-powered vehicles.

CoIntelPro.PronktasticlyAgainst.SCLM.E-Voting.Incumbents's picture

I live in hundred-millionaire corzine's state. until his prost-ring bust, NY was governed by the wealthy spitzer. NJ gave $100million to a hockey team to stay in a rent-free sports complex.

our oligarchs are investigating welfare recipients for fraud and they raised my tolls 30+%.


Some stuff you can't make up!

MountainMan23's picture

Democracy is too important to be entrusted to politicians.
Rise Up!
Protest!

chicano2nd's picture

Being used by the f'n Israelis! Who woulda thought? At least the rest of the world knows!

http://www.commondreams.org/headline/2009/01/...

Not saying that it would surprise me much, just that I'd like to hear it backed up.


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

MaryK's picture

Bad enough that the Americans use it; however, this story is focused on doctors and how all the windows in the main government hospital are blown out, no anasthetic, staff afraid to walk to work, etc. Gaza is a concentration camp with 1.1 million people in it.

It's an untenable situation. Israel needs to be sanctioned by the civilized world.


"Courtesy is owed. Respect is earned. Love is given." --Unknown author, found in Guide to Texas Etiquette by Kinky Friedman

fastfeat's picture

"At the Rafah crossing between Egypt and Gaza, he saw two field hospitals and 30 tonnes of medical supplies waiting to enter Gaza. He said the Israelis are using outlawed fuel air bombs and depleted uranium warheads. Many bodies are shredded and burnt."

---

I think it needs corroboration, personally.


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Ferrofluid's picture

They mix tungsten or DU particles within it, creates 100% untreatable wounds, bit like the rolled foil frangible bullets which also create untreatable wounds.
It creates a 'super sized' efficient shrapnel weapon for use against human targets.

These new style of muntions breaks the Geneva convention on muntions, as they cause wounds in people that are permanent and cannot be treated, aprt from excision, amputation or death.

The idea of war between soldier is kill outright, or wounded and removed from the battlefield.
One reason why its considered bad and illegal to target civilians as they are as soft target.

Modern 20thC and esp 21thC warfare is reverting back to the barbaric tactics and methods, of total warfare, as practiced by invaders and genociders.

Rhotel1's picture

This poster is really letting their hate America/hate Israel imagination run overtime. Neither DU nor Tungsten is an explosive. They are also not used together and they are not used to wound people. DU is used to kill tanks; it has no other use other than as "heavy armor" on the US M1A1 Abrams Tank that is used in Iraq. Tungsten was considered as an anti-tank bullet, but it failed to penetrate modern Soviet tank armor and was discarded in favor of DU alloyed with Titanium. Suggest that you actually learn the facts instead of letting your imagination run wild.

Rhotel1's picture

Certainly agree with you since DU is used in only one form of munition, the kinetic energy penetrator that was used to kill tanks in Gulf War and on the run into Baghdad in 2003. What exactly would Israel be firing anti-tank rounds from tank cannon for if Hamas has no tanks. I strongly wonder about the credibility or motivation of the Norewegian doctor, Mads Gilbert because he is lying. There is no corroboration because the claim is untrue.

Uncle Joe Mccarthy's picture

unless it was put up in 2008

http://i43.tinypic.com/27xezpi.jpg

Apparently, sharing the earth with other human beings, by saving trees, is an anethema to their cause.

nonny mouse's picture

The Quick Brown Fox Jumped Over The Lazy SLEEPING Dog.

Otherwise there's no 's'.

Okay, you can all resume your normal conversation now...

Perry Logan's picture

The quick brown fox jumps over the lazy dog.

On the nature of Bubbles:
http://www.youtube.com/watch?v=g_Ocbt6l5NE

Count_Slappy's picture

Why is everything capitalized? Is this Germany?

Milquetoast's picture

The Quick Brown Fox Jumped Over The Lazy Dog"S".


audit-prosecute-incarcerate

TauCeti's picture

Because the Fire Department just kicked in my door. Seems last night our toilet began leaking, flooding our place and the apartment below. SJFD couldn't wake us up, so they kicked in the door.

Great start to a Saturday.

leaking toxic chemicals. That is the number one cause of flooding, isn't it...

Get photos of the damage to the door, jamb and send the MOFOs a bill.

'Til then:

http://www.youtube.com/watch?v=hiQoq-wqZxg&fe...


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

TauCeti's picture

Landlord is already on site fixing it. Since it was part of an emergency response, I'm not expecting a bill. This is a very old building, things break constantly.

Had they expected a meth lab, I would have expected San Jose's police to be the ones smashing our door. It's not like they don't know our little barrio very well already.

The Fire Department guys were complete professionals, polite, explained things, and left a card in case there were problems. Not MOFOs in the least.

pissed off patricia's picture

Couldn't they have called you on the phone before kicking down your door?

Years ago we lived in an apt. In the middle of the night the police began beating the hell out of our door. I ran to the door pulling on my clothes and opened the door. The cop said there had been a robbery in the building and had I seen anything unusual. I told him no because I had been sleeping. He said, "Oh, okay, sorry to bother you. I wanted to ask him, what are most people doing at three thirty in the morning....but I didn't.


Say what you mean. Mean what you say. But don't say it mean.

Col Kilgore's picture

knocking my side door down at 3 am last year. I was sitting here all by myself blogging,surfing,listening to tunes and just finished a doobie. I asked her what was up . She said she had gotten a dispatch to come here. I told her there was nuttin going on here and i certainly didn't call. She had this look of disbelief on her face and kept looking past me into my house to see what she could see. I asked her what the address was and she replied 207 My Street at Sheridan Street. I told her that said cross street was about 4 blocks to the south of here and she must be looking for 107 My Street as i have a friend down there across the street and hes at 100. She kept looking at me as if i was lying to her and begrudgingly left to check it out warning me she may come back. She didnt bother to apologize in case she was wrong, which she was, and never came back. I never bothered to make a stink by calling cop shop or anything but thought " Geezus. what a crappy way to potentially get busted for smoking a doobie in the middle of the night minding my own business in my own god damned house where my tax dollars subsidize her wages."

Shouldn't cops have their facts straight before booting on folks doors in the middle of the night ? I dunno , maybe im just funny that way .

fastfeat's picture

"We don't need no stinkin' facts!"


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

TauCeti's picture

I'm wondering about that myself.

fastfeat's picture

http://news.yahoo.com/s/ap/20090103/ap_on_re_...

Cops quick to take credit, but I suspect criminals just can't afford ammo in these tough times...


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Count_Slappy's picture

The Big News today "Harry Reid was pressuring Blagojevich over Senate Seat"
http://www.suntimes.com/news/metro/blagojevic...

God, could it be this simple after so long to remove this giant, useless pussy, and have the Dems actually do something besides write threatening letters? Harry Reid sucks. I hope he gets ejected (And take Pelosi with you, Harry!)

That Mick Piobr's picture

remove Reid and Pelosi.

If they did, it might piss off the Repigs.

Then the Repigs would be angry and not work in a bipartisan manner.

Sadly,Snark

http://www.miamiherald.com/news/miami-dade/br...

x posted this yesterday on another thread, but here it is for those who didn't see it.


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Gunsandbigots's picture

"And others consider it a protest against President Bush, a reference to his recent shoe-dodging experience in Iraq."

What else could it be? It wasn't thousands of T-shirts.

Ferrofluid's picture

A lot of his smaller non FOF victims are located there.

was most likely headed for either one of the big outdoor swap meets or possibly as a charity donation to Haiti or somewhere else in the Caribbean. Probably an unlicensed driver who didn't want to face jail time by sticking around. U of M is less than two miles away, so it could have been a protest, but...


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Gunsandbigots's picture

Redstate plays Army http://www.redstate.com/erick/2009/01/02/reds... Calls their organizing efforts "Strike Force"

Ever notice how these wingnut chickenhawks always use military euphemisms but would never, you know, actually pick up a rifle and go to the front lines and fight? http://www.youtube.com/watch?v=gFGit_tZDqs

tyree's picture

face it folks politicians are just a bunch of lieing fucks, dureing the debates biden says obamas a useless tool , now hes doing the lahbamba with his jaws around obummers snake, hillary clinton was crying her eyes out because obama was a tool, now shes eating obummers stool, and ones become obummers vice president and echos obummers every word and the other ones going to be his s.o.s, these cruds buy ,sell and trade us to each other for the power they will gain and after you vote for them they line up to take a huge dump on your dumbded down heads, the key word is lieing fucks , obummer says if they try to approve of fisa ill fillabuster , then he goes and votes for that bill, votes to extend the patriot act , votes for more money for the war in iraq , you know the war he said he wouldnt have voted for, where does the line begin between the lies and truth with these uselss crap heads begin and end?

Gunsandbigots's picture

and Pat Robertson is thrilled with what he's seem from Obama thus far. If that doesn't give one pause what will?

ConcernedCanuck's picture

What his true partisan supporters use as their excuses for him, everything he's done and said points not to a liberal, or centerist, but to a rightwing Democrat similar to Clinton. Ya, I know, things were wonderful under Clinton and did not contribute to today's economic meltdowns at all. Already have read that everywhere. LOL. Borrowing billions (trillions?) in an attempt to revamp the economy is without a doubt the biggest risk governments all over the globe are now doing or going to do. And none of them are cutting government waste or military spending or raising taxes in order to do it. Just because all the "experts" say it has to be done, doesn't mean it will have any chance of working. Remember, most of these "experts" are responsible for this in one way or another. They did it. Would you hire a bankrupt business owner to run your business? That's what the world is doing. I've got my fridge box ready to live in because I have about as much faith in a politician doing something right, as I do in a car salesman being honest.

Gunsandbigots's picture

The Bush economy and the cost of digging out of it could exceed 12 trillion dollars http://www.washingtonpost.com/wp-dyn/content/...

fastfeat's picture

"According to the most recent figures, foreign investors held about $3 trillion in U.S. debt at the end of October. China, which in October replaced Japan as the United States' largest creditor, has increased its holdings by 42 percent over the past year; Britain and the Caribbean banking countries more than doubled their holdings."
---

While I can understand China owning our debt (at least they make stuff), can someone explain to be why some little podunk Caribbean islands (Caymans, Bahamas) have these huge banking "industries"??


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

ysbaddaden's picture
)O(

The podunk Caribbean islands have banking systems American businesses can hide their profits in for the purposes of evading taxes. Odds are the American businesses are stock holders in the banks and they can "own" the debts that they cause America to encur, bailouts etc., and can then demand payment on the debts.

Basically, they over-sell, especially to the government, over-price and create the debt, hide the profits in the off-shore banks, use the American banks for bailouts, and demand payment on the US debt.


Diabolus est Deus Inversus

ysbaddaden's picture
)O(

In that picture, why is he writing in Aquafresh?


Diabolus est Deus Inversus

Comments are closed on this entry