The New Financial Reform Bill Has the Banks Crying All the Way to the …. Bank

Chris Dodd displays his financial reform package to Batman and Robin, who likens it to Holy Underwear!

Hole-y Reform!

The disaster bubbling up to the surface down in the Gulf is assuming proportions that make the plagues of Egypt look like a teen party that got a little out of control. “Don’t worry. Accidents Happen!” says the new bright star of the Tea Party Brigade, Rand Paul, “it’s un-American to blame BP for being negligent.” After all, there were THREE companies that were negligent down there and one of them was that shining example of patriotic profit-taking, Halliburton! You can’t blame BP for an Act of GOD! Well, I have a question. If these god-fearing jackasses think the destruction of the Gulf of Mexico and the Mississippi Delta is an Act of God, then WTF do they think God is trying to SAY???

But I digress. My real topic is that other corporate disaster, the Financial Reform Bill. Yup, Chris Dodd has finally achieved his valedictory legislation, a financial reform that is in every way the counterpart of the Health Care and Credit Card Reforms. Like underwear that is so full of holes, the skidmarks get on your pants anyway. Yes, there are some nice new picket fences with signs that say, “Don’t Go Here Or We’ll Slap You,” in place, but by and large, “too big to fail,” has become enshrined by law as the WAY THINGS ARE in the United Corporations of America.

Limiting the size of banks? Perish the thought–just like the US itself is too big to fail, our banks are too big to close. Breaking up some of the companies that were responsible for a worldwide economic collapse? You gotta break some eggs to make an omelet! Caps on credit card interest? We covered THAT back with credit card reform! And what a success THAT has been. And the piece de resistance? The wall between trading and commercial banking that would prevent banks from using our money to buy chips in their own casino? Hahaha you must be joking.

OK there’s a new consumer agency that Elizabeth Warren, darling of the Daily Show, has been pushing. And there’s some new regulation and oversight. But mostly Wall Street is left with the task of policing Wall Street and us chickens know what it means when the fox is guarding the hen house. The Street will still hire its own credit raters, you know, the ones who gave those risky investments AAA ratings? And derivatives will still be sold to hedge risk, thereby allowing risk to be swallowed up in bookkeeping. So in every way, the things that led to the economic collapse of 2009 has been left in place. Anyone want to take bets on another collapse by 2016? How about 2012?

If this is Chris Dodd’s valedictory achievement in the Senate, I’d say his retirement is a very good thing for the American people. But–couldn’t you have left a little quicker, Chris?

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Or maybe it’s just the hot air cloud over Rush’s studio…

Too big to nail?

Well, our natural world seems to be having its fun with us as a huge ash cloud erupts from Mount Eyjafjallajokull (Eye-ya-falafel-cul?) and cuts off Europe from air travel for several days. This is not the first time such a huge cloud has occurred: there was the famous Mt. St. Helens eruption back in 1980. The centuries have been dotted with darknesses “enveloping the whole of Europe” as the description of one 5th century eruption of Mt. Vesuvius that, curiously enough, signaled the start of the Dark Ages (although the Dark Ages could have been presaged by an eruption of Mount Etna in 417, on whose dating, I, in an earlier incarnation as an historian, wrote a paper on in 1990 (Olympiodorus’ Eruption of Mount Etna: a possible dating of 417. EOS: Transactions of the American Geophysical Union 71:329-334)). Rush Limbaugh has been having fun with it, calling attention to Obama’s statement on the passing of the health care bill that the world hasn’t ended yet. I certainly hope the Almighty has better aim than to punish Europe for OUR supposed transgression, so I shall assume that Rush-boy is being ironic, should he be capable of such complexity of thought.

But with such a global disaster, it might be better to look for a more global transgression, and I think we have our candidate at Goldman Sachs. Their financial manipulations–along with other august companies–managed to pull off a global economic disaster, yet their CEO Lloyd Blankfein had the effrontery to make a positively BLASPHEMOUS statement that he was “doing God’s work” while bankrupting the entire world. Now if I know one thing about Our Lord God Jehovah, you can kill millions of people and He won’t bat an eyelash, but say one thing wrong about Him and all Armageddon is gonna bust loose. On top of all, Goldman Sachs has the sheer CHUTZPAH to announce 5 billion dollars in bonuses to be paid to its executives–you know, the ones who bet short on the world disaster they themselves engineered–and you say, enough is enough.

The teabaggers have it all wrong–the cause of our ills is not the government–tho it’s not helping by spending 20 times the amount that could eliminate world hunger on a military that has gotten itself bogged down in the middle of a desert for 8 years. It’s these bankers who think God’s work consists of lining their pockets with our money. They’re no better than the guy who is going to the track and convinces you to bet on a certain longshot that he says he has a tip that it can’t loose. Then, when he goes to the track, bets all YOUR money on the favorite and after the race, picks up one of the losing tickets off the floor to give you with the lame explanation that he’s never gonna listen to THAT TIPSTER again. It’s beyond time that they should be sued for fraud. It’s about time that they should be INDICTED for it!

In the meantime, Europe is enjoying a slower pace and beautiful sunsets. Maybe Mt. St. Palin in Alaska will explode in a few years and we’ll be the lucky ones

I went to a small con this weekend in Alexandria called T-MODE and had a great time. The advantage of a small con is its size–you can meet everyone and do everything. Naturally, you have a bigger selection of activities at a big con, but you always wind up missing some things you would have enjoyed. The organizers of T-MODE called it “fun-sized” and that it was. I got to hear a lovely singer Emi Meyer (also on MySpace–beautiful woman, beautiful voice, beautiful music) and hip hop artist Shing02 and DJ Icewater. I had a TAIKO DRUM LESSON from Doug Manring (Power Kix Drum Team and Real School of Rock) as well as meeting the new voice of Haruhi Suzumiya and a great singer herself Cristina Vee. Also there were our friends from the webcomic Geeks Next Door, who gave sessions ON webcomics, and Interrobang Studios, whose artist Sarah Martinez, gave a great session on surviving Artist’s Alley. I didn’t get to meet the vocal artist Mega Ran (aka Random) or voice actor Todd Haberkorn, or Roland Kelts, author of Japanamerica: How Japanese Pop Culture has invaded the US–I did have to run home and feed the kitten occasionally LOL. Oh and I nearly forgot, I got interviewed for Vidgle and I hope to have up a link next week to my podcast with them Congratulations to the organizers–I had a great time. My personal photos will be up on my Flicker account later this week.

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What Would It Take For A President to Say “The State of the Union Ain’t Very Strong”?

Two Hookers critique the state of the union address: Good oral, now let's see a little bump and thrust.

Or maybe a little slap-and-tickle on the right side of the aisle?

I mean seriously, what WOULD it take for the President to start out, “The State of the Union isn’t very strong”? Massive depression? Naw, even Herbert Hoover said the SOTU was strong. Open rebellion? I bet even Abe Lincoln said the state of the union was strong. And it was, if you didn’t count the 11 states that up and left when he was elected. Perhaps alien invasion? “Let me remind you, you still have two out of three branches of the federal government and that ain’t bad,” as the President said in MARS ATTACKS. Actual unemployment and underemployment is around 20%, we’re in debt up to our yinyangs to China because of a double recession during the Bush presidency, two wars that we shouldn’t have been in in the first place, tax cuts for the people who didn’t need them and a massive bailout of banks that had been holding a craps game with our money, credit card companies charging 30% interest, 30 million people without health insurance, BUT–The State of the Union is strong.
We did get one moment of high comedy tho–thanks to Chris Matthews of MSNBC. Forgot he was black for an hour, Chris? Way to GO! Only one month into 2010 and you already have the gaffe of the year! But wait–maybe you can outdo yourself–you have 11 more months to do it in!
President Obama gave himself a number of pats on the back, waved his finger at the right side of the aisle and outlined an ambitious agenda to get us back on track–well, not all that ambitious, there were a lot of half-measures–i.e., we need to increase jobs, but we need to keep the budget under control, so hey, let’s just do a little of both. He pointed the finger at the Bush administration for getting us into this mess more forcefully than he had since…his inauguration. You told Justice Roberts where to get off (and Stephen Colbert brought up a great point about how Roberts is willing to overturn precedent if he has only two dissents to do it on–and just where WERE Scalia and Thomas last night anway?). And he wants to see things on his desk! Well, Barry, let’s hope that you tell people exactly what you want on your desk this time around the calendar and that you knock some heads together to do it.
The problem is that we’ve heard all this before and we haven’t seen enough action on it. As my hookers say in the cartoon, you’re good at oral, now let’s see a little bump and thrust. You told us bank presidents weren’t going to get away with things and then you turn around and let them get away without showing up for their meeting with you. LEAD! Stop taking things off the table before you start negotiating. Get rid of your bad advisers. Rely more on Joe Biden than on Rahm Emanuel–Emanuel’s been advising you to give away the farm for nominal victories but Biden knows where the bodies are buried. Get rid of the financial cronies and slap around those bank presidents like you did the auto manufacturers. And for god’s sake, stop going on expensive dates with Michele while your middle class is going down with the ship–at least look like you have a bit of empathy. You said you’d rather be a good one-term president than a poor two-term one. Well, we don’t want you to be a good one-term president–we thought we were voting for a GREAT president. So stop futzing around and be what you promised.

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Happy New Year … it should be better than the Old one?

Sexbot actual purpose: conversation--'We need to talk. Sometimes I feel you don't respect me as a person...'

When she decides they need time apart, her programming says, "Don't be upset, it's not you--it's me"

Happy New Year–Happy New Decade! Good Riddance to the Old one(s)! What a pile of manure the new century has turned out to be so far (as Bess Truman said to the people who complained about Harry saying “you need some ‘manure’ on these roses”, “What? It took me 25 years to get him to say THAT!”) Let’s start things off right with a really funny but hard-hitting cartoon. What’s been happening?
Hmmm, we’re still talking about the airliner bomb FAIL, the security FAIL and the “no intention of invading–I mean, sending troops to Yemen” (I hope) not-yet FAIL. That’s two weeks old and I posted an oldie-but-goodie over Christmas to cover it. Timmy Geithner and his magic “shhhh-let’s keep this a secret” emails? Not funny enough, that can wait for Thursday. Health Care? SOOoooo last year! Besides they’re hashing it out behind closed doors, contra Obama’s promise that it will be televised on C-SPAN. Transparency is becoming more opaque every day. What else?
All righty then, let’s check and see if Lindsay Lohan is having a meltdown. Oh wow, Lindsay had to fly–COMMERCIAL! How sad. Casey Johnson died–who was she again? Some rich heiress who was Tila Tequila’s ‘wifey’? Whose biggest claim to fame previously was turning down Paris Hilton’s offer to start a TV program called “The Simple Life”? And who’s Tila Tequila again? Let’s call this one too sad for SO MANY reasons and decide not to start off the new decade with such a bummer!
AH-HAH! I have it–someone’s exhibiting a sexbot at the Vegas Adult Entertainment Expo! Now there’s something you could get your teeth into! errrrrrr… Oh, she’s not REALLY a sexbot. Inventor Douglas Hines says “The sex robot thing is marketing – it’s really about making a companion.” Um-hum…sure. Well, not in its present state, she can’t even walk yet–has to be carted around in a wheel chair so far. And she kind of has the expression of the girl in the bar who’s had one too many when you passed that marker two hours ago. Actually from her rather limited set of capabilities, she looks like a “stripped-down” version of Aiko, the “not a sex bot” gynoid that Le Trung is making up in Canada. Although designed to eventually service as a maid, (Everybody ought to have a maid…) Aiko’s name is actually a Japanese word meaning “love child,” and she looks a heckuva lot more sophisticated than Roxxxy, the new robot, tho not as realistic as the computer generated photos from RealDolls (bet the real dolls don’t look half as good), life-sized dolls that are actually SUPPOSED to be sexbots. Oh, brave new world…
Anyway, since Roxxxy is actually supposed to have conversations like a real woman, I thought I’d give my take on one of the many discussions that might come up. Happy New Year

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