Piaw Na

Sensible solutions like this would require a president with more political courage than Obama. - Piaw Na

Mr. Gunn, no need to apologize, I think you've got Cristo summed up right. - Piaw Na

The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote on this topic. In their wildly optimistic view, the banking industry is solvent and always has been. All that was needed to ‘solve’ than banking crisis was a lot of liquidity, government backstops and, most importantly, time. This blinkered view sees a looting of taxpayer money to bailout the banking industry as necessary to save banks whose credit is the ‘lifeblood of our economy.’ They are wrong. The banks did not need to bailed out. The banking industry industry needed to made solvent again. There is a big difference between those two sentences (banks versus banking industry and liquidity versus solvency) that goes to the core of the captured and politically damaging world view we have seen on display by the Obama Administration. - Piaw Na

"Mr. Brown should not worry about that. AIG's creditors (e.g., The Great Vampire Squid) were paid in full, because Tim Geithner and Larry Summers want a veto-proof Republican majority by 2012, if not 2010.**" Heh. That's as good an explanation as any. - Piaw Na

We need a new FDR, but all we got was a new Herbert Hoover. - Piaw Na

I've used Melatonin to great effect on my overseas trips. - Piaw Na

The headline reminds me of a Zoidberg quote: "I think I'm a doctor but that doesn't make me a doctor. These fancy clothes do." - Andrew C

A smart business idea. I guess Fog Creek just entered the web service business. - Piaw Na

The great thing about H'wood hiring is that it's for a year or two at most, and that's for directors. Actors are hired for a few months, really. - Andrew C

That's why engadget and other tech sites are so down on e-readers. The average e-reader purchaser is 47 years old! - Piaw Na

They should advertise on CBS! Actually, do they? Honestly, not being snarky, but I simply have no CBS shows I watch. - Andrew C

Amazon's a bunch of cheapskates. They only advertise on their home page. - Piaw Na

Scott Adams is a heck of a wise man. - Piaw Na

History's a lot easier if you get to pick and choose or just make stuff up. - Andrew C