{"id":7497,"date":"2009-03-17T14:49:57","date_gmt":"2009-03-17T21:49:57","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7497"},"modified":"2009-03-17T14:50:55","modified_gmt":"2009-03-17T21:50:55","slug":"who-needs-sit-coms","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7497\/who-needs-sit-coms\/","title":{"rendered":"Who Needs Sit-coms?"},"content":{"rendered":"

I’ve always enjoyed well written television comedy and I’ve wondered lately why I’m not seeing as much.\u00a0 What happened to the writers?\u00a0 Believe it or not, they all moved to DC and are writing for our Congressmen!\u00a0 Oh sure, there’s a dark edge to the lines they write, but it’s classic television comedy just the same.\u00a0 The congressional outrage reported in this AP story<\/a> on the AIG bonus debacle is a perfect example.<\/p>\n

AIG notified all involved, over a year ago<\/em>, that these bonuses were contractually due and payable this quarter.\u00a0 Former President Bush knew, current President Obama knew, the various financial players in the administration knew and Congress knew.\u00a0 But that doesn’t prevent Senator Chuck Schumer, D-NY, from issuing this power-drunk one liner: “If you don’t return it on your own, we’ll do it for you<\/strong>.”\u00a0 (If I had written the scene Sen. Schumer would have exited the room directly after delivering this tour de farce<\/em> but before going through the door he’d stop, turn and say “I’ll be baaaack<\/a>.”<\/p>\n

Turns out Treasury Secretary Timothy Geithner did<\/em> meet with AIG CEO Edward Liddy in hopes of discovering ways Mr. Liddy could renegotiate the contracts and all these bonuses, but Mr. Geithner “recognized that you can’t just abrogate contracts willy-nilly” according to President Obama’s chief economic advisor Lawrence Summers.\u00a0 (Apparently, you can only do the old willy-nilly abrogation<\/em> of contracts on mortgage lenders using BK judges.\u00a0 Don’t you just love this juicy sub-plot on the importance of consistency running throughout the program tonight?)<\/p>\n

At this point enters Representative Barney Frank, D-Mass, quite possibly the most culpable legislator in the current mortgage crisis.\u00a0 A less confident person, living in such a LARGE glass house, would probably keep a lower profile but not our crazy Uncle Barney.\u00a0 “The time has come to exercise our ownership rights.\u00a0 We own most of the company.”\u00a0 What??\u00a0 I thought the administration was taking shares in the companies only to ensure that taxpayers are paid back.\u00a0 Do you mean to tell me they are going to start running these companies too<\/em>?\u00a0 I’m shocked, shocked to find (this) going on here<\/a>.\u00a0 Rep. Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve always enjoyed well written television comedy and I’ve wondered lately why I’m not seeing as much.\u00a0 What happened to the writers?\u00a0 Believe it or not, they all moved to DC and are writing for our Congressmen!\u00a0 Oh sure, there’s a dark edge to the lines they write, but it’s classic television comedy just the […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251,29],"tags":[],"class_list":{"0":"post-7497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-group-therapy","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4491,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4491\/alex-ill-take-hypocrisy-for-800\/","url_meta":{"origin":7497,"position":0},"title":"Alex, I’ll Take “Hypocrisy” for $800","author":"Sean Purcell","date":"September 18, 2008","format":false,"excerpt":"Numerous stories in the press the past two days regarding the government bailout of AIG as well as the various financial sector failures.\u00a0 There were many talking heads and an even greater number of vacuous comments.\u00a0 But one quote stood out among all others.\u00a0 In relation to the AIG bailout,\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7535,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7535\/the-financial-post-aging-self-serving-demagogues-who-have-spent-decades-warping-the-us-political-system-for-their-own-ends\/","url_meta":{"origin":7497,"position":1},"title":"The Financial Post: “Aging self-serving demagogues who have spent decades warping the U.S. political system for their own ends.”","author":"Greg Swann","date":"March 20, 2009","format":false,"excerpt":"Is this the end of America? Canada's Financial Post:Helicopter Ben Bernanke\u2019s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7572,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7572\/by-applying-cdss-to-cdos-did-aig-go-mia-or-could-the-sec-the-ots-and-one-unhired-cfo-have-kept-it-from-turning-up-doa\/","url_meta":{"origin":7497,"position":2},"title":"By applying CDSs to CDOs, did AIG go MIA? Or could the SEC, the OTS and one unhired CFO have kept it from turning up DOA?","author":"Greg Swann","date":"March 24, 2009","format":false,"excerpt":"A totally killer run down of the Wall Street mess from -- you'll never guess it -- Rolling Stone magazine:There are plenty of people who have noticed, in recent years, that when they lost their homes to foreclosure or were forced into bankruptcy because of crippling credit-card debt, no one\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4545,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4545\/mortgage-market-week-in-review-10\/","url_meta":{"origin":7497,"position":3},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"September 19, 2008","format":false,"excerpt":"I\u2019ve got to tell you, I\u2019d love to be able to write one of my Friday updates and tell you about some good news or tell you, \u201cYou know, the week was very non-eventful and everything just flowed on quite smoothly.\u201d\u00a0\u00a0\u00a0\u00a0\u00a0 That certainly didn\u2019t happen this week!\u00a0\u00a0\u00a0 To attempt to\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3813,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3813\/mortgage-market-week-in-review-5\/","url_meta":{"origin":7497,"position":4},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"August 8, 2008","format":false,"excerpt":"So, it\u2019s Friday again and what has this week been like for the mortgage world? Well, it\u2019s certainly not been boring, that\u2019s for sure! We\u2019re going to talk about six different things in today\u2019s Mortgage Market Week in Review: Freddie Mac - They started the week\u2019s major news by announcing\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7146,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7146\/not-ideology-terminology\/","url_meta":{"origin":7497,"position":5},"title":"Not Ideology… Terminology","author":"Sean Purcell","date":"March 2, 2009","format":false,"excerpt":"Do you still wonder whether banks will be nationalized?\u00a0 Does the idea of an auto manufacturer declaring bankruptcy scare you even just a little?\u00a0 Tell me you're not still engaged in any discussions on whether or not the response to our economic crisis has been a step toward \"socialism!\"\u00a0 Please,\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7497"}],"version-history":[{"count":7,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7497\/revisions"}],"predecessor-version":[{"id":7504,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7497\/revisions\/7504"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}