ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Friday, December 12, 2008

Saint, Call Your Office - Fine New Blog at "Right Face"

There is some fine new blogging available at Right Face provided by a rarity in this world, a REAL conservative journalist, a graduate of Northwestern of all places, Christopher J.(aka Kip) Allen.

Now for our readers to have access to this good writing, someone needs to wake up Saint, who has control over the bells and whistles here, and get him to add Right Face to our blogroll :)

Call your office, Saint!

*** UPDATE FROM THE SAINT ***
Ok, back from Houston. Had to go visit some of our co-conspirators in the petroleum industry... muuuwaahhaaahhaa (<--- Evil laugh that sends moonbats into a panic)

I've added Right Face to the blogroll (which needs to be reviewed & cleaned up). To our readers, we highly recommend you visit Kip Allen's RightFace. From Kip's blog description:

Right Face

I am a life-long conservative alarmed at the direction I see the country taking. I see the modern progressive movement as not so much an evolution of traditional liberalism, but an outgrowth of fascism. I will address this and other issues. Hopefully, there will be some lighthearted moments as well.

Enjoy!

Your Co-Conspirator,
ARC:MontereyJohn

Thursday, December 11, 2008

Snow in New Orleans and Houston - Al Gore Call Your Office


What can I say? What needs to be said? I can't wait to hear the explanation for this.



Your Co-Conspirator,
ARC:MontereyJohn Photography

Wednesday, December 10, 2008

Somali Pirates to Buy Citicorp

Stole, er ... borrowed this, from NRO Corner who got it at Option ARMageddon:

Somali Pirates to acquire CitigroupDecember 2, 2008 – 5:57 pm
(hat tip Walnuts)

November, 2008 (Bloomberg) — The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned from hijacking numerous ships, including most recently a $100 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said. ”You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to offer the shareholders anything,” said Ali.

The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities. The PRBS’s are backed by the cash flows from future ransom payments from hijackings in the Gulf of Aden. Moody’s and S&P have already issued a AAA investment grade rating for the PRBS’s.

Head pirate, Ubu Kalid Shandu, said “We need a bank so that we have a place to keep all of our ransom money. Thankfully, the dislocations in the capital markets have allowed us to purchase Citigroup at an attractive valuation and to take advantage of TARP capital to grow the business even faster.”

Shandu added, “We don’t call ourselves pirates. We are coast guards and this will just allow us to guard our coasts better.”

Bloomberg News 10:24 AM
CITI IN TALKS WITH SOMALI PIRATES FOR POSSIBLE CAPITAL INFUSION
WILL REQUIRE ALL CITI EMPLOYEES TO WEAR PATCH OVER ONE EYE
SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP
PAULSON: TARP PIRATE EQUITY IS AN “INVESTMENT”, WILL PAY OFF
KASHKARI SAYS “SOMALI PIRATES ARE ‘FUNDAMENTALLY SOUND’”
MOODY’S UPGRADE SOMALI PIRATES TO AAA
HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD “VERY LOW” PARTICPATION *
FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK
FED AGREED TODAY TO TAKE “WHATEVER STEPS” NEEDED FOR SOMALI PIRATES
More on this topic (What's this?)
Citi in Talks With US to Create "Bad Bank"; CNBC Now Reports That Gov't is Cool (naked capitalism, 11/23/08)
Meredith Whitney Says Citi is a Goner; BBC Says Citi "Seeking 'Emergency Cash'" (naked capitalism, 11/23/08)
You Should Listen to Jim Rogers (World Beta - Engineering Targete..., 11/19/08) Read more on Citigroup at Wikinvest
Posted in funny


Your Co-Conspirator,
ARC: MontereyJohn

Tuesday, December 09, 2008

House Inquiry as to What Happened at Freddie and Fannie

I have been watching Waxman's committee on C-Span which is conducting the inquiry into the meltdown at Freddie and Fannie tonight. Four previous CEOs of Freddie Mac were there as witnesses. It has been enlightening. I particularly appreciated Stephen Lynch (D-Ma). He suffered the fools (CEOs) not gladly at all. When former CEO Mudd repeatedly ducked and evaded, Lynch went right after him. He said that he really was feeling good about conservertorship after listening to Mudd's non-answers. At least these clowns were gone. Lynch did not sound like a Democrat at all.

One little item, if you call $16 million in salary and bonus to CEO Mudd "little," was the matter of the CEO's bonuses. Their answers could have come out of Uncle Remus (that might be a bit politically incorrect but extremely apt). "Who, me? We weren't in the room with the committee that set the goals. That was the independent directors etc etc etc blah blah blah." What baloney, do they really think anybody believes that? Of course they had a roll in setting their own goals and their own resulting huge bonuses and, more importantly, what drove those bonuses, you know, like buying up LOTS of subprime mortgages of folks who couldn't afford them, but gave the appearance of high profitability (at least until the defaults started) and thus driving that market

The situation at Fannie and Freddie, I think, lies at the root of what has happened to our enconomy in this year. I am going to follow these hearings as closely as I can. I think when the time comes for holding people accountable (it would have been nice if that happened BEFORE the election), this is going to be Ground Zero.

Your Co-Conspirator,
ARC: MontereyJohn

Monday, December 08, 2008

The Idiotic Leftist

*ahem* check check *cough*

Is this thing on??? *tap tap feedback*

Sorry for the absence... the conspirators have been busy establishing blockades for our undisclosed location ever since the disaster of November 4th.

Anyway, ran across this cartoon from one Mr. Ted Rall and had to post on it. I may actually create a new series that focuses on the ridiculously stupid perspectives of the Left.



Can anyone point out what's wrong with his understanding of economics? My 6 year old son has a better grasp than him...

Post your answers in the comments.


Your Co-Conspirator,
ARC: St Wendeler