Randian Asshole

This is from last week, but it’s worth a read as it reminds one how deeply ignorant most of our elite class is …

Since then, I have often wondered why nobody in Washington showed any interest in hearing exactly how I arrived at my conclusions that the housing bubble would burst when it did and that it could cripple the big financial institutions. A week ago I learned the answer when Al Hunt of Bloomberg Television, who had read Michael Lewis’s book, “The Big Short,” which includes the story of my predictions, asked Mr. Greenspan directly. The former Fed chairman responded that my insights had been a “statistical illusion.” Perhaps, he suggested, I was just a supremely lucky flipper of coins.

And Ayn Rand?  Fuck you.

I Saw the Crisis Coming. Why Didn’t the Fed? [NYT]

Gollum Greenspan: Sméagol Greenspan… Why does he cry, Sméagol Greenspan?
Smeagol Greenspan: Cruel free market hurts us. Rand tricksed us.
Gollum Greenspan: Of course she didn’t. I told you she was right. I told you she was true.
Smeagol Greenspan: Regulation is our friend… our friend.
Gollum Greenspan: Regulation betrayed us.
Smeagol Greenspanl: No, it’s Wall St. We weren’t wrong.
Gollum Greenspan: Filthy little non libertarians. They mock us.
Smeagol Greenspan: No… No.
Faramir: What did they mock?
Gollum Greenspan: Myyy PRECIOUSSS EGO.

@ManchuCandidate: Brilliant.

Looks like it’s you and me in the comments today – the shut-ins. But me by choice.

@blogenfreude: I’m at work. Greenspan is a disgrace to Judaism.

Greensap is a shame to Humanity in general.

Yesterday, I actually cleaned my house (real clean, not man clean) for the first time in 2 months and it took me 3 times as long as it would normally take. Damn I’m sore today. So yes, I’m not doing much today.

T/J: Dodgers bullpen blows another lead, and game. Oh, it’s gonna be a long season.

Wanna trade for Toronto’s BP? 5 saves/1Blown Save + 3 wins (all by the same guy.)

And no, I’m not deluded to believe they will remain this hot when they face off against the hated Crankees and Bosux. Damn geography.

I dunno what is more pathetic. Greenspan as bag man for Wall Street. Or Greenspan as objectivist begging a crazy old lady to take a shit in his mouth.

@ManchuCandidate: Right now I’m surface clean, and Japanese GF is not in the mood to dig deep. Doorman’s wife is professional, so I think I give her the keys and let her have at it for 2 days. Once I throw out all the paper, that is ….

@ManchuCandidate: In the glory days, the joke was that your buddy would say “Hey, Koufax pitched a one-hitter last night” and you’d answer “Did we win?” Now it’s “Hey, Kemp, Loney and Martin drove in 12 runs last night.” “Wow, did we hold the lead?”

@Dodgerblue: My father was a star athlete in high school, maybe coulda got a football scholarship, Fordham wanted him, this was 1937, fordham wanted to park him in a prep school and take him the following year, but, it was the depression, it was not to be. But he was captain of the basketball team, star pitcher on the baseball team, and he was everything on the football team.

I have his yearbooks. In the section detailing the football team’s performance in his senior year, I shit you not, it starts out, “(Promnight’s Dad) was on the passing or receiving end of every touchdown scored this year.” He was the halfback, but this was before the qb ran the team, he threw every pass, except for the ones he caught, and was the punter, placekicker, and point after kicker.

But the one that gets me, was a baseball score, I have this old yellowed scrapbook, a newspaper headline, “Prep Hurler Fans 19.” This was Saint Peter’s Prep, in Jersey City. He struck out 19 people in a 7 inning game. 2 more strikeouts, and its a perfect game.

But they lost the game.

I do so starkly remember Greenspan making a widely reported remark, it was 2001, 2002, maybe even later, when it was starting to look like there was a real estate bubble, and he made a pubic statement, saying people need to start making more use of ARMs and interest only mortgages, and even the totally fucked mortgages, where the payments didn’t even cover the interest for the first few years, and the principal kept increasing, and I remember thinking, then, even before the bubble burst, THIS IS FUCKING INSANE.

@Promnight: We bought at nearly the hight of the bubble. But for non- financial reasons. Now we are upside down In a place I’d like to exchange, but I don’t think that’s happening soon.

I blame Greenspan. Yes, I do. Wanker.

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