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Saturday, January 19, 2008

Laughing all the way to the Poor House

Stock Market giving up the ghost?
Infectious Greed:
Colbert Report: Bizarre Interview with Lou Dobbs -- This has to rank up there as one of the strangest moments in recent television history. We have Comedy Central's Stephen Colbert, playing off-kilter right-wing talkshow host "Stephen Colbert", who in turn is playing Esteban, himself some sort of Colbert-created Mexican talkshow show, interviewing CNN host Lou "Stronger U.S. Borders" Dobbs on-set behind faux fences and barbed wire -- plus "chickas". [...]

Kaptur’s ‘separated at birth’ moment -- [Democratic Budget Committee member Marcy Kaptur confuses Fed. Chairman Chair Ben Bernanke with Secretary of the Treasury Hank Paulson. Kaptur's gaffe has already been included on her Wikipedia bio.]
Kaptur was making her way through a four-part question driving at the culpability of Wall Street financiers in the sub-prime crisis when she zeroed in on the Fed chairman, “Seeing how you were the former CEO of Goldman Sachs —”

A roar erupted on the dais as members from both sides of the aisle tried to correct her at once. The audience gasped.

Not deciphering what they were saying, the 13-term congresswoman and former staffer in the Carter White House pressed on: “I got the wrong firm?”

“No, you’re confusing me with the Treasury secretary,” said Bernanke, a longtime academic whose very lack of private-sector experience stirred worries while he was a contender for the Fed job.


“Yes,” said Bernanke.

“Oh, OK. Where were you, sir?” Kaptur said, clinging to the idea that he had been a Wall Street titan.

“I was a CEO of the Princeton economics department,” Bernanke quipped, prompting laughter.

Kaptur apologized, admitting, “I got you confused with the other one.”

US economy teetering?

Raquel Welch: Space-Girl Dance

Calculated Risk

MishTalk - Mike Shedlock

Paul Krugman - NY Times

The Big Picture - Barry Ritholtz

naked capitalism - Yves Smith

Pragmatic Capitalism

Washington's Blog

Safe Haven

Paper Economy

The Daily Reckoning - Australia