Crashola: Porgy, Bess and Jon Stewart
13 March, 2009 (14:38) | automobiles, banking_bubble, business, criminals, delusions, endless-snark, finance, great-depression, greed, hacks, idiots, music, recession2008, television | By: jrittenhouse
- The Six Flags parent company is looking at bankruptcy. Wheeeee goes the rollercoaster…
- American Axle, a big supplier of GM and Chrysler, is looking at going out of business. Broken Axle jokes accepted at the door.
- CNBC’s Cramer The Huckster gets down with a mea culpa of sorts with Jon Stewart’s show. I’ve seen the earlier Cramer/Stewart matchups, and it makes me very aware of why I never watch the regular CNBC programming unless something is crashing and I need to see the as-it-happens tickers. And that’s pretty rare.
- Madoff pleads guilty with his own mea culpa, will likely spend the rest of his life in prison. So he’ll get to do “Bess, You Is My Woman Now” as a duet with Killer and Rocky in the slam, while the rest of us do a chorus of “I got plenty of nothin’” in the background.
- You can get that shirt here, by the way. I’d get one with my name on it, but they won’t fit me or Susan.
- Going Galt: How Can I Miss You When You Won’t Go Away ? And more hits in the tune of That Term Does Not Mean What You Think It Means.
- US Pension plans just discovered a $217 billion deficit. Turns out that they invested in Wall Street, whodathunkit.
- The Bank Situation in Europe is much worse than here; they invested in all sorts of boondoggles that didn’t pay off, more than ours, and the same sort of acquisitions idiocies (big-fish-eating-littler-fish wise).
- All sorts of numbers as to how-much-world-wealth-has-been-destroyed-so-far are being tossed around. Long ago, I asked my Mom – what happened to all the money in the Great Depression for people to all go broke? The answer was that people were mostly only rich on paper only, and I had to research out the Great Depression to find that part out…that a lot of the money was really not there in the first place, but everyone acted like it was. The seriously rich are still pretty much the seriously rich unless they put their money in the seriously stupid.
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