Take A Load Off Fannie

Interesting juxtaposition!

Hat tip:  A.Deluca

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  1. bullpin commented on Aug 25

    Matthew Simmons:Peak oil anyone

  2. Rick Schaut commented on Aug 25

    Funny. My “Currently playing in iTunes” is:

    The Weight, The Allman Brothers Band – Live At Jazz Fest 2007

  3. catman commented on Aug 25

    Good tune

  4. Stock Shotz commented on Aug 25

    I have gotten alot of critical emails for my “Oil is the new GOLD” posts and the fact that we have been screaming inflation for quite some time. Everyone wants to call the crisis over—it ain’t over.

    Hear our interviews at http://www.stockshotz.tv or http://www.stockshotz.blogspot.com

    We have talked to some of the best in the business and the commodities bull run is not over, inflation is just really starting and Bernanke doesn’t have a clue.

  5. Stuart commented on Aug 25

    Very well done. Great song, great overlays. Talk about hitting home. Whomever wins, McCain or Obama, I sure as hell hope they’re prepared for this. I say this because I haven’t heard nary a word other than an occasional vague statement of ultimate goals and ideals. Nothing practical on the implications of what is ultimately the certain inflection point of defaulting on debt, or monetizing debt. Rope or a gun it seems to me the choice. Now Abu Dhabi suing (per below), there goes that SWF source and one would have be naive in the extreme to think that every other SWF didn’t take note of this, what a bloody mess. A metastasizing cancer.

    Abu Dhabi bank sues in U.S. over risky investments
    Mon Aug 25, 2008 6:36pm EDT

    NEW YORK, Aug 25 (Reuters) – A United Arab Emirates bank sued Morgan Stanley, the Bank of New York Mellon Corp and ratings agencies Moody’s and S&P on Monday, accusing them of fraud in operating a fund that collapsed in the U.S. credit crisis.

    The lawsuit filed by Abu Dhabi Commercial Bank in U.S. district court in Manhattan said a complex deal known as the Cheyne Structured Investment Vehicle (SIV) was marketed by the defendants as highly rated and reliable, but they had hidden the risks.

    “Instead of protecting the SIV and its investors as promised, defendants exposed the SIV to significant undisclosed risks,” the lawsuit said. “Defendants knew the assets purchased and held by the SIV were risky and of poor quality. They further knew the models used to generate the high rates were flawed.”

  6. Deano commented on Aug 25

    I started smiling as soon as “Allman Bros.” started singing, but quickly started thinking how pathetic this really is and the smile disappeared. We need to have another 4 years of Bush and his Congressional army of idiots (read that as elect McCain) so that we can really feel the load as they stick it up even further.

  7. ScottB commented on Aug 25

    Crazy Chester–priceless!

  8. rockitz commented on Aug 26

    Since we’re parodying the current financial debacle, I’ll repost my song parody:

    Bennie and the Feds
    (sung to Elton John and Bernie Taupin’s “Bennie and the Jets”)
    Original words at http://www.eltonography.com/songs/bennie_and_the_jets.html

    Hey kids, shake it loose together
    The shit’s hittin’ something
    That’ll turn us into debtors
    He’ll kill the US dollar tonight
    So stick around
    You’re gonna hear lotsa fast talkin’
    But it won’t rebound

    Say, B’rack and Johnny, have you seen them yet
    But they’re so spaced out, Bennie and the Feds
    Oh but they’re r’vered and they’re wonderful
    Oh Bennie he’s printin’ green
    He’s got a new ruse you can’t refute
    You know I read it in a magazine
    Bennie and the Feds

    Hey kids, plug into dollar distress
    Insiders are unwindin’
    Since Bennie makes them worthless
    We shall survive, let us take the Euro long
    As we fight our leaders out in the streets
    To find who’s right and who’s wrong

  9. JWC commented on Aug 26

    Great. Wonderful. I always loved the song, and this use of it was just super.

  10. Ed commented on Aug 26

    Anyone know if the price of Big Pink dropped too?

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