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ak3ldama (554026)
.james_akeldama. .at. .yahoo.com.
http://ak3ldama.blogspot.com/
simple geek, still crying over the death of beos and that i use ms products at work
Section 8 of bailout!?
So Bush wants congress to act quickly on the housing market "fixup."
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
I agree with others, we should let these idiots clean up their own pile of shit, re-instate Glass-Steagall, and let the markets recover eventually. I, as an American tax payer, don't want to pay for this trillion dollar loss especially when (unlike the past) there is no proper decision making for where this money goes and how we are to go about getting paid back. Fucking idiot republicans and democrats. If the Democrats let this through I will once again have lost hope.
Quoting the article now:
The deal proposed by Paulson is nothing short of outrageous. It includes no oversight of his own closed-door operations. It merely gives congressional blessing and funding to what he has already been doing, ad hoc. He plans to retain Wall Street firms as advisors to decide just how to cut deals to value and mop up Wall Street's dubious paper. There are to be no limits on executive compensation for the firms that get relief, and no equity share for the government in exchange for this massive infusion of capital. Both Obama and McCain have opposed the provision denying any judicial review of decisions made by Paulson -- a provision that evokes the Bush administration's suspension of normal constitutional safeguards in its conduct of foreign policy and national security. [...]
The differences between this proposed bailout and the three closest historical equivalents are immense. When the Reconstruction Finance Corporation of the 1930s pumped a total of $35 billion into U.S. corporations and financial institutions, there was close government supervision and quid pro quos at every step of the way. Much of the time, the RFC became a preferred shareholder, and often appointed board members. The Home Owners Loan Corporation, which eventually refinanced one in five mortgage loans, did not operate to bail out banks but to save homeowners. And the Resolution Trust Corporation of the 1980s, created to mop up the damage of the first speculative mortgage meltdown, the S&L collapse, did not pump in money to rescue bad investments; it sorted out good assets from bad after the fact, and made sure to purge bad executives as well as bad loans. And all three of these historic cases of public recapitalization were done without suspending judicial review.
Zonk!?
Just so you know...
Salutations
to all. I have for you a rather offtopic post. Also given my lack of knowledge for what you all drink this may be rather boring.
I have just tried my first sip of George Dickel No. 12. It is quite good. I had previously had their Barrel Select, but that is somewhat expensive. The whiskey market is preying on the publics current affection for "Single Malt" and so forth which in reality I cannot see how there can be such a demand. I have tried several various whiskeys but in the end Jim Beam Black Label, or Famous Grouse is good enough for me. I fail to see how these more expensive runs of whiskey are worth the extra cost. Anyways back to point, this dickel no 12 is great. I usually prefer splashes of coke (or half and half when i'm not in the mood to take it easy
Fedora 8 Install (i686)
I mentioned once before that I liked ubuntu on my older 32bit athlon. I was using it recently and it's behaviour with monitors and resolutions sucks. In the end I was rather upset and following that the ubuntu live disc wouldn't even work properly. So the end of the story is I am now running Fedora 8 on this machine. I also ordered an ATI 9200 video card (with dual outs) to be able to run dual monitors. I installed and setup a wiki (apache, mysql, php etc) so the next step is to see if I can get netbeans running through some means or another.
Maybe i'll just make this my desktop, give someone my Athlon 64 x2, and get a laptop for Windowz. The long and short of it is that I have been wanting to implement a certain website for a while and will soon embark on this journey. I am not sure which technology to use yet though; I think for what I want php would suffice.
One last note, me and a couple guys from work (who I also went to school with - ********** Inc and South Dakota State University have a _close_ relationship) have embarked on reading "The Art of Computer Programming" by Knuth. We have met once so far and are about 40 pages in and plan to meet weekly. It will take at least 3 months, but it should be very fruitful. They are "working" on their thesis for the CSC graduate program so hopefully this won't distract them too much.
