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	<title>Comments on: Who Could Have Predicted This?</title>
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	<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html</link>
	<description>Dispatches from a Small Business</description>
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		<title>By: Scott Wiggins</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17980</link>
		<dc:creator>Scott Wiggins</dc:creator>
		<pubDate>Mon, 06 Apr 2009 17:14:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17980</guid>
		<description>Neither Obama nor Gheitner have any power to fire executives...CEOs and Boards of Directors need to stand firm against these two thugs or it will get a lot worse for American business...Bullies are afraid of only one thing...That is someone calling their bluff and standing up to them.  Moreover, Obama&#039;s war on business needs to be stopped or we will rapidly hasten China&#039;s rise to the pre-eminate economic power in the world...Power, money, investment, and brain power gravitate to the No. 1 economy.  We will lose our place in the world along with our standard of living as China takes our place.</description>
		<content:encoded><![CDATA[<p>Neither Obama nor Gheitner have any power to fire executives&#8230;CEOs and Boards of Directors need to stand firm against these two thugs or it will get a lot worse for American business&#8230;Bullies are afraid of only one thing&#8230;That is someone calling their bluff and standing up to them.  Moreover, Obama&#8217;s war on business needs to be stopped or we will rapidly hasten China&#8217;s rise to the pre-eminate economic power in the world&#8230;Power, money, investment, and brain power gravitate to the No. 1 economy.  We will lose our place in the world along with our standard of living as China takes our place.</p>
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		<title>By: joshv</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17977</link>
		<dc:creator>joshv</dc:creator>
		<pubDate>Mon, 06 Apr 2009 15:31:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17977</guid>
		<description>Way back when, a younger Obama was on a local PBS show called &#039;Check Please&#039; here in Chicago.  This weekly show gets three people to recommend their favorite restaurant, and then sends all three out to review each other&#039;s restaurants.  Then the participants all sit around a small table and sip wine while they are interviewed by the host of the show.

They never aired the episode with Obama.  He basically ruined it by monopolizing the conversation.  With two other participants, he had about 75% of the air time.  I know this because it was recently aired as a novelty by WTTW.

He seemed to be under the impression that every word out of his month was fascinating and compelling.  He was truly in love with the sound of his own voice.  He spent a great deal of time repeating himself in a very profound and professorial manor - but in truth he came off as rather boorish - the sort of person you struggle to get away from at a party.</description>
		<content:encoded><![CDATA[<p>Way back when, a younger Obama was on a local PBS show called &#8216;Check Please&#8217; here in Chicago.  This weekly show gets three people to recommend their favorite restaurant, and then sends all three out to review each other&#8217;s restaurants.  Then the participants all sit around a small table and sip wine while they are interviewed by the host of the show.</p>
<p>They never aired the episode with Obama.  He basically ruined it by monopolizing the conversation.  With two other participants, he had about 75% of the air time.  I know this because it was recently aired as a novelty by WTTW.</p>
<p>He seemed to be under the impression that every word out of his month was fascinating and compelling.  He was truly in love with the sound of his own voice.  He spent a great deal of time repeating himself in a very profound and professorial manor &#8211; but in truth he came off as rather boorish &#8211; the sort of person you struggle to get away from at a party.</p>
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		<title>By: morganovich</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17975</link>
		<dc:creator>morganovich</dc:creator>
		<pubDate>Mon, 06 Apr 2009 14:53:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17975</guid>
		<description>to mesa-

as an ivy league grad (brown, which may be the worst of the worst in this respect) i can confirm your theory that it&#039;s easy to come out of an ivy dumber than when you arrived.

the ivory tower groupthink ring-led by a group of arrogant &quot;intellectuals&quot; who have little real world grounding (especially among the liberal arts faculty) actively discourage dissent and debate and push a party line to the exclusion of all other ideas.  it was bad when i graduated in 94.  from what i have seen, it has gotten much worse since.

nothing is more dangerous than an ideologue who has mistaken himself for a free thinker and confuses dogma with intellectualism.  it produces arrogant thinkers insusceptible to argument and triggers a deep cognitive dissonance which drives extraordinary elitism and extremism.  they become identified with their ideas to the point where disagreement with them is taken as a personal attack.  it&#039;s a bit surreal, and really crosses the line between scholarship and religion.

a friend of s friend made a movie about this entitled &quot;indoctrinate u&quot;.

it&#039;s as interesting as it is chilling.  i recommend checking it out.  

http://indoctrinate-u.com/pages/news.html</description>
		<content:encoded><![CDATA[<p>to mesa-</p>
<p>as an ivy league grad (brown, which may be the worst of the worst in this respect) i can confirm your theory that it&#8217;s easy to come out of an ivy dumber than when you arrived.</p>
<p>the ivory tower groupthink ring-led by a group of arrogant &#8220;intellectuals&#8221; who have little real world grounding (especially among the liberal arts faculty) actively discourage dissent and debate and push a party line to the exclusion of all other ideas.  it was bad when i graduated in 94.  from what i have seen, it has gotten much worse since.</p>
<p>nothing is more dangerous than an ideologue who has mistaken himself for a free thinker and confuses dogma with intellectualism.  it produces arrogant thinkers insusceptible to argument and triggers a deep cognitive dissonance which drives extraordinary elitism and extremism.  they become identified with their ideas to the point where disagreement with them is taken as a personal attack.  it&#8217;s a bit surreal, and really crosses the line between scholarship and religion.</p>
<p>a friend of s friend made a movie about this entitled &#8220;indoctrinate u&#8221;.</p>
<p>it&#8217;s as interesting as it is chilling.  i recommend checking it out.  </p>
<p><a href="http://indoctrinate-u.com/pages/news.html" rel="nofollow">http://indoctrinate-u.com/pages/news.html</a></p>
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		<title>By: morganovich</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17974</link>
		<dc:creator>morganovich</dc:creator>
		<pubDate>Mon, 06 Apr 2009 14:51:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17974</guid>
		<description>mesa-

as an ivy league grad (brown, which may be the worst of the worst in this respect) i can confirm your theory that it&#039;s easy to come out of an ivy dumber than when you arrived.

the ivory tower groupthink ring-led by a group of arrogant &quot;intellectuals&quot; who have little real world grounding (especially among the liberal arts faculty) actively discourage dissent and debate and push a party line to the exclusion of all other ideas.  it was bad when i graduated in 94.  from what i have seen, it has gotten much worse since.

nothing is more dangerous than an ideologue who has mistaken himself for a free thinker and confuses dogma with intellectualism.  it produces arrogant thinkers insusceptible to argument and triggers a deep cognitive dissonance which drives extraordinary elitism and extremism.  they become identified with their ideas to the point where disagreement with them is taken as a personal attack.  it&#039;s a bit surreal, and really crosses the line between scholarship and religion.

a friend of s friend made a movie about this entitled &quot;indoctrinate u&quot;.

it&#039;s as interesting as it is chilling.  i recommend checking it out.  

http://indoctrinate-u.com/pages/news.html</description>
		<content:encoded><![CDATA[<p>mesa-</p>
<p>as an ivy league grad (brown, which may be the worst of the worst in this respect) i can confirm your theory that it&#8217;s easy to come out of an ivy dumber than when you arrived.</p>
<p>the ivory tower groupthink ring-led by a group of arrogant &#8220;intellectuals&#8221; who have little real world grounding (especially among the liberal arts faculty) actively discourage dissent and debate and push a party line to the exclusion of all other ideas.  it was bad when i graduated in 94.  from what i have seen, it has gotten much worse since.</p>
<p>nothing is more dangerous than an ideologue who has mistaken himself for a free thinker and confuses dogma with intellectualism.  it produces arrogant thinkers insusceptible to argument and triggers a deep cognitive dissonance which drives extraordinary elitism and extremism.  they become identified with their ideas to the point where disagreement with them is taken as a personal attack.  it&#8217;s a bit surreal, and really crosses the line between scholarship and religion.</p>
<p>a friend of s friend made a movie about this entitled &#8220;indoctrinate u&#8221;.</p>
<p>it&#8217;s as interesting as it is chilling.  i recommend checking it out.  </p>
<p><a href="http://indoctrinate-u.com/pages/news.html" rel="nofollow">http://indoctrinate-u.com/pages/news.html</a></p>
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		<title>By: Jimmy McIver</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17973</link>
		<dc:creator>Jimmy McIver</dc:creator>
		<pubDate>Mon, 06 Apr 2009 12:50:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17973</guid>
		<description>An axiom of General Robert E. Wood, Sears, Roebuck Chairman who managed and masterminded that company into the largest retail organization before Walmart ever existed, once said if ever you allow an accountant, lawyer or career politician to run a business that business is doomed to fail.  Now today here we are with Elmer Thud (Secretary of Treasury), Wylie Coyote (Secretary of State), and Donald Duckit, (President).  Enough said!!</description>
		<content:encoded><![CDATA[<p>An axiom of General Robert E. Wood, Sears, Roebuck Chairman who managed and masterminded that company into the largest retail organization before Walmart ever existed, once said if ever you allow an accountant, lawyer or career politician to run a business that business is doomed to fail.  Now today here we are with Elmer Thud (Secretary of Treasury), Wylie Coyote (Secretary of State), and Donald Duckit, (President).  Enough said!!</p>
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		<title>By: Mesa Econoguy</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17967</link>
		<dc:creator>Mesa Econoguy</dc:creator>
		<pubDate>Sun, 05 Apr 2009 17:59:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17967</guid>
		<description>And the WSJ has an op-ed by Stuart Varney citing a Fox Biz story that Obama is refusing repayment of TARP money, retaining effective control over a solvent money-center bank:

&lt;a href=&quot;http://online.wsj.com/article/SB123879833094588163.html&quot; rel=&quot;nofollow&quot;&gt;Obama Wants to Control the Banks&lt;/a&gt;

If they begin forcing bankruptcy for solvent institutions, wiping out shareholders, and installing their stooges in management (who will then direct lending practices), get ready for war.  First shareholder class-action legal wars, then open armed conflict.</description>
		<content:encoded><![CDATA[<p>And the WSJ has an op-ed by Stuart Varney citing a Fox Biz story that Obama is refusing repayment of TARP money, retaining effective control over a solvent money-center bank:</p>
<p><a href="http://online.wsj.com/article/SB123879833094588163.html" rel="nofollow">Obama Wants to Control the Banks</a></p>
<p>If they begin forcing bankruptcy for solvent institutions, wiping out shareholders, and installing their stooges in management (who will then direct lending practices), get ready for war.  First shareholder class-action legal wars, then open armed conflict.</p>
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		<title>By: Link</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17966</link>
		<dc:creator>Link</dc:creator>
		<pubDate>Sun, 05 Apr 2009 17:42:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17966</guid>
		<description>Meanwhile the New York Post is reporting today that the head of TARP oversight, Harvard Law prof Elizabeth Warren, will go public with a report this week calling for the firing of top executives at TARP recipients.  According to the Post, she&#039;s also calling for &quot;accurate valuation of the troubled assets currently being held&quot; and for wiping out current shareholders. 
Elizabeth Warren has a hard-on for banks.  Her expertise is bankruptcy law -- she thinks banks screw consumers over credit cards. She&#039;s probably right ... but go tell that to the Senator from MBNA, Joe Biden.  

She&#039;s only one official ...  and I can&#039;t tell if the Post is exaggerating what she&#039;ll say in this upcoming report ... but I&#039;d be surprised if she&#039;s taking this position without approval from Obama &amp; Co.  Once again, they&#039;re intent on creating fear and uncertainty and then exploiting it. This may feed into concerns with upcoming stress tests at the big banks.

So are toxic assets still undervalued?  I thought Timmy&#039;s plan, recent market deals done by the banks themselves, and easing mark-to-market were all about validating that toxic assets had probably been written down too much.

***
Separately, I&#039;ve been questioning for months whether Obama is a sh*thead or a diabolic agent of Alinksy ... or a bit of both. I fear that you can&#039;t underestimate how bad this guy is.</description>
		<content:encoded><![CDATA[<p>Meanwhile the New York Post is reporting today that the head of TARP oversight, Harvard Law prof Elizabeth Warren, will go public with a report this week calling for the firing of top executives at TARP recipients.  According to the Post, she&#8217;s also calling for &#8220;accurate valuation of the troubled assets currently being held&#8221; and for wiping out current shareholders.<br />
Elizabeth Warren has a hard-on for banks.  Her expertise is bankruptcy law &#8212; she thinks banks screw consumers over credit cards. She&#8217;s probably right &#8230; but go tell that to the Senator from MBNA, Joe Biden.  </p>
<p>She&#8217;s only one official &#8230;  and I can&#8217;t tell if the Post is exaggerating what she&#8217;ll say in this upcoming report &#8230; but I&#8217;d be surprised if she&#8217;s taking this position without approval from Obama &amp; Co.  Once again, they&#8217;re intent on creating fear and uncertainty and then exploiting it. This may feed into concerns with upcoming stress tests at the big banks.</p>
<p>So are toxic assets still undervalued?  I thought Timmy&#8217;s plan, recent market deals done by the banks themselves, and easing mark-to-market were all about validating that toxic assets had probably been written down too much.</p>
<p>***<br />
Separately, I&#8217;ve been questioning for months whether Obama is a sh*thead or a diabolic agent of Alinksy &#8230; or a bit of both. I fear that you can&#8217;t underestimate how bad this guy is.</p>
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		<title>By: Mesa Econoguy</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17965</link>
		<dc:creator>Mesa Econoguy</dc:creator>
		<pubDate>Sun, 05 Apr 2009 04:09:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17965</guid>
		<description>Now this:

&lt;a href=&quot;http://online.wsj.com/article/SB123879833094588163.html&quot; rel=&quot;nofollow&quot;&gt;RIGHT NOW, THE US GOVERNMENT IS HOLDING A SOLVENT MAJOR MONEY CENTER BANK HOSTAGE&lt;/a&gt;. 

This is not a drill, this is happening NOW.  

&lt;a href=&quot;http://bloomberg.com/apps/news?pid=20601087&amp;sid=aw1LU5_qRb.I&amp;refer=home#&quot; rel=&quot;nofollow&quot;&gt;THEY ARE COMING AFTER YOUR RETIREMENT ASSETS NEXT&lt;/a&gt;.  The government will seize most of what you own, directly or indirectly. Wait until they come after your house, your car, etc.  These people will stop at nothing.</description>
		<content:encoded><![CDATA[<p>Now this:</p>
<p><a href="http://online.wsj.com/article/SB123879833094588163.html" rel="nofollow">RIGHT NOW, THE US GOVERNMENT IS HOLDING A SOLVENT MAJOR MONEY CENTER BANK HOSTAGE</a>. </p>
<p>This is not a drill, this is happening NOW.  </p>
<p><a href="http://bloomberg.com/apps/news?pid=20601087&amp;sid=aw1LU5_qRb.I&amp;refer=home#" rel="nofollow">THEY ARE COMING AFTER YOUR RETIREMENT ASSETS NEXT</a>.  The government will seize most of what you own, directly or indirectly. Wait until they come after your house, your car, etc.  These people will stop at nothing.</p>
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		<title>By: Maximum Fab</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17964</link>
		<dc:creator>Maximum Fab</dc:creator>
		<pubDate>Sun, 05 Apr 2009 03:23:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17964</guid>
		<description>As long as foreign leaders do not know how stupid Obama is, we may be okay.  But once they realize that he is unintelligent, unwise, AND inexperienced, we are in trouble.  A president needs to know when to deal, when to bluff, and when to cut throats.  This man only knows how to make promises and concessions.  Not a good long term bet.</description>
		<content:encoded><![CDATA[<p>As long as foreign leaders do not know how stupid Obama is, we may be okay.  But once they realize that he is unintelligent, unwise, AND inexperienced, we are in trouble.  A president needs to know when to deal, when to bluff, and when to cut throats.  This man only knows how to make promises and concessions.  Not a good long term bet.</p>
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		<title>By: Peter</title>
		<link>http://www.coyoteblog.com/coyote_blog/2009/04/who-could-have-predicted-this.html/comment-page-1#comment-17963</link>
		<dc:creator>Peter</dc:creator>
		<pubDate>Sun, 05 Apr 2009 01:39:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.coyoteblog.com/?p=7569#comment-17963</guid>
		<description>Obama&#039;s plan can be considered a combination of malice and stupidity.  The malice is not directed at everyone just those that don&#039;t believe as he does.  The stupidity is that he believes his big government plans will work and create his democrat utopia.</description>
		<content:encoded><![CDATA[<p>Obama&#8217;s plan can be considered a combination of malice and stupidity.  The malice is not directed at everyone just those that don&#8217;t believe as he does.  The stupidity is that he believes his big government plans will work and create his democrat utopia.</p>
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