Wednesday, December 05, 2007

Show Me You Own It

The Financial Tsunami: Sub-Prime Mortgage Debt is but the Tip of the Iceberg

by F. William Engdahl

Even experienced banker friends tell me that they think the worst of the US banking troubles are over and that things are slowly getting back to normal. What is lacking in their rosy optimism is the realization of the scale of the ongoing deterioration in credit markets globally, centered in the American asset-backed securities market, and especially in the market for CDO’s—Collateralized Debt Obligations and CMO’s—Collateralized Mortgage Obligations. By now every serious reader has heard the term “It’s a crisis in Sub-Prime US home mortgage debt.” What almost no one I know understands is that the Sub-Prime problem is but the tip of a colossal iceberg that is in a slow meltdown. I offer one recent example to illustrate my point that the “Financial Tsunami” is only beginning.

Deutsche Bank got a hard shock a few days ago when a judge in the state of Ohio in the USA made a ruling that the bank had no legal right to foreclose on 14 homes whose owners had failed to keep current in their monthly mortgage payments. Now this might sound like small beer for Deutsche Bank, one of the world’s largest banks with over €1.1 trillion (Billionen) in assets worldwide. As Hilmar Kopper used to say, “peanuts.” It’s not at all peanuts, however, for the Anglo-Saxon banking world and its European allies like Deutsche Bank, BNP Paribas, Barclays Bank, HSBC or others. Why?

A US Federal Judge, C.A. Boyko in Federal District Court in Cleveland Ohio ruled to dismiss a claim by Deutsche Bank National Trust Company. DB’s US subsidiary was seeking to take possession of 14 homes from Cleveland residents living in them, in order to claim the assets.

Here comes the hair in the soup. The Judge asked DB to show documents proving legal title to the 14 homes. DB could not. All DB attorneys could show was a document showing only an “intent to convey the rights in the mortgages.” They could not produce the actual mortgage, the heart of Western property rights since the Magna Charta of not longer.

Again why could Deutsche Bank not show the 14 mortgages on the 14 homes? Because they live in the exotic new world of “global securitization”, where banks like DB or Citigroup buy tens of thousands of mortgages from small local lending banks, “bundle” them into Jumbo new securities which then are rated by Moody’s or Standard & Poors or Fitch, and sell them as bonds to pension funds or other banks or private investors who naively believed they were buying bonds rated AAA, the highest, and never realized that their “bundle” of say 1,000 different home mortgages, contained maybe 20% or 200 mortgages rated “sub-prime,” i.e. of dubious credit quality.

Indeed the profits being earned in the past seven years by the world’s largest financial players from Goldman Sachs to Morgan Stanley to HSBC, Chase, and yes, Deutsche Bank, were so staggering, few bothered to open the risk models used by the professionals who bundled the mortgages. Certainly not the Big Three rating companies who had a criminal conflict of interest in giving top debt ratings. That changed abruptly last August and since then the major banks have issued one after another report of disastrous “sub-prime” losses.

@ Global Research

This little nugget is bound to cause major waves for the lenders involved with the 'sub-prime' biz. If they cannot produce the mortgage, they cannot repo (foreclose) if they cannot show ownership. Oh what a tangled financial web they wove.

This court case will really shake up the money whores reeeeeel good and I am glad too. Most of the SP's (sub-primes) were in areas of lower income which took advantage of folks desire to own a home of their own, only to have it ripped from their hands with balloon like interest rate hikes.

So all of you out there with a home with a SP loan, have no fear, the banks lost your mortgage in a financial flurry of money making schemes, so sit tight, precedence has been set, unless they can prove they have the mortgage, you are not going to have to go anywhere just yet.



DEN said...

Slept like a rock courtesy of Ambien, and did not have any extra food laying around from any midnite cookoffs.

I will be trying Melatonin since it more natural but I have to go buy some this weekend.

Micki said...

Ambien? Oh, no!

You'll be driving to Dunkin' Donuts in your jammies, looking for a fix!

Micki said...

Den sez: If they cannot produce the mortgage, they cannot repo (foreclose) if they cannot show ownership.

Just for the sake of discussion, I wonder what'll happen when (if?) some homeowners, in these circumstances, finally pay off their mortgage. Will ANYONE be able to produce the documentation to the title company that would allow thme to hand over the title to the homeowner?

Hmmm. Oh, well. Not to worry, that won't happen for years and years, so let someone else worry about it.

Micki said...


Micki said...

Intercepting Iran's Take on America

I seldom recommend a piece by Thomas Friedman -- but this one is worth reading!


DEN said...

Micki, Deed of trust

In some jurisdictions, a deed of trust is used as an equivalent to a mortgage. A trust deed isn’t like the other types of deeds; it’s not used to transfer property directly. It is commonly used in some states (California, for example) to transfer title to land to a “trustee,” usually a trust or title company, which holds the title as security ("in escrow") for a loan. When the loan is paid off, title is transferred to the borrower by recording a release of the obligation and the trustee's contingent ownership is extinguished. Otherwise (upon default), the trustee will liquidate the property (with a new deed) and offset the lender's loss with the proceeds.


Gerald said...

It Will Happen

Gerald said...

War with Iran is no less likely now than it was last week, last month, or last year. Indeed, it is conceivable that the chances of just such a provocation occurring sometime before we get a new president have increased, precisely because the War Party has been dealt such a devastating setback on the nuclear front. Desperation makes people do very odd things, and in this case I would reverse one of Victor Davis Hanson and Michael Rubin's arguments and apply it to those seemingly intent on taking us into yet another disastrous war, including the president.

Hanson and Rubin argue that the Iranians are not entirely of sound mind, that all that stuff about the Twelfth Imam returning indicates an irrational millennialism that can only end in a nuclear conflagration. In short, the Iranians are crazy.

I suggest Rubin, Podhoretz, et al., take a good, long look in the mirror. Unlike Iran's hardliners, ours are openly calling for war. As crazy as Ahmadinejad and his pals may be, Podhoretz and his pals are even wackier.


Micki said...

Gerald, the neocon warmongers are unhinged. They are spitting out invective "proving" the unreliability of the NIE -- but, then they use the NIE to "prove" that Iran cannot be trusted and that the Iraq War is a success.

Sheesh! With people like that in charge, we're headed for failed War #3 on the bu$h watch.

DEN said...

Any religion that advocates death to non believers is the product of evil minds.

It is evils' way, the lazy way, killing versus peace, peace takes real work to achieve.

This war is a mockery of justice, both sides evil to the core.

Religious war is inherently evil as it promotes death and violence, beyond simple war for territories or borders, infinitely more evil.

What would Jesus say?

DEN said...

Rep. John Conyers:

In recent weeks, there has been lot of conflicting information floating around about efforts by House Democrats to protect the country by adopting rules for intelligence gathering that are both flexible and constitutional. This week, President Bush suggested that my legislative alternative to this summer's hastily-enacted Foreign Intelligence Surveillance Act (FISA) reform, the "Protect America Act," would take away important tools from our intelligence community. He characterized as "obstruction" the skepticism that many of us have about granting amnesty to telecommunications carriers who may have cooperated in warrantless surveillance. I was disappointed that the President did not propose any concrete steps to improve our capabilities or protect our freedoms -- he just repeated his demand for immunity.

This comes close on the heels of a recent controversy concerning the House Democrats' FISA legislation stemming from Joe Klein's column in Time Magazine on November 21st, in which his Republican sources seem to have spun a tale that led Mr. Klein to characterize our efforts as "more than stupid."

I believe that it is time for a comprehensive and detailed response to the President's accusations of obstruction, the misinformation in the Time Magazine column, and the debate over warrantless surveillance. Below is that response. Please let me know what you think, and feel free to pass along to your friends and colleagues.

Joe Klein's recent column deriding the House-passed FISA legislation, along with his subsequent stumbling efforts to clarify its intent, and Time Magazine's failure to publish the protests my Democratic colleagues and I had regarding its many inaccuracies are only the most recent manifestation of disinformation put forth concerning the Bush Administration's warrantless surveillance program and legislative efforts to modify the law. As the lead author, along with Silvestre Reyes, of the RESTORE Act, allow me to set the record straight once and for all.

First, contrary to GOP and media spin, the RESTORE Act does not grant "terrorists the same rights as Americans." Section 105A of the RESTORE Act explicitly provides that foreign-to-foreign communications are totally exempt from FISA - clearly, this exception for foreigners such as members of Al Qaeda does not apply to Americans. In cases involving foreign agents where communications with Americans could be picked up, Section 105B of the legislation provides for liberalized "basket warrant" procedures by which entire terrorist organizations can be surveilled without the need to obtain individual warrants from the FISA court. Again, this new authority is aimed at foreign terrorists, not Americans.

Mr. Klein appears to base much of his criticism of our bill on our use of the term "person" to describe who may be surveilled, based on the suggestion of a Republican "source" that this risks an interpretation that terrorist groups would not be covered. The truth is that under FISA the term person has been clearly defined for almost thirty years to include "any group, entity, association, corporation, or foreign power." It is also notable that both the RESTORE Act, and the Administration's bill passed this summer, contain the exact same language that Mr. Klein questions, yet we've never heard an objection to the Administration's bill on this score.

Second, I must strongly disagree with Mr. Klein's assertion that the Speaker "quashed ... a bipartisan [compromise] effort." As the Chairman of the Committee with principal jurisdiction over FISA, the House Judiciary Committee, I am aware of no effort to prevent bipartisan compromise on this issue. As a matter of fact, last summer, beginning in July, Democrats tirelessly negotiated with Director of National Intelligence (DNI), Mike McConnell, to develop consensus legislation to address the Administration's stated concerns about our intelligence capability.

We addressed every one of the concerns Mr. McConnell raised. He said he needed to clarify that a court order was not required for foreign-to-foreign communications -- our bill did just that. McConnell said he needed an assurance that telecommunications companies would be compelled to assist in gathering of national security information - our bill did that. The DNI said he needed provisions to extend FISA to foreign intelligence in addition to terrorism - the bill did that. He asked us to eliminate the requirement that the FISA Court adjudicate how recurring communications to the United States from foreign targets would be handled - the bill did that. McConnell insisted that basket warrants be structured to allow additional targets to be added after the warrant was initially approved - again, the bill did that. When this legislation was described to DNI McConnell, he acknowledged that "it significantly enhances America's security.''

Yet, suddenly, on the eve of the vote, Director McConnell withdrew his support after consultation with the White House. If the media wanted to identify over-the-top partisanship, they could begin by citing the declaration of David Addington, Vice President Cheney's Chief of Staff, that "We're one bomb away from getting rid of that obnoxious FISA Court," and DNI McConnell's assertion that by merely having an open debate on surveillance, "some Americans are going to die."

Third, the RESTORE Act legislation is badly needed to provide accountability to the Bush Administration's unilateral approach to surveillance. The warrantless surveillance program has been riddled with deceptions that only began to come to light when The New York Times first disclosed the existence of the program in 2005. The program itself appears to directly violate FISA and the Fourth Amendment, as a federal court, the non-partisan Congressional Research Service, numerous Republican legislators, and independent legal scholars have found.

The Administration has also mischaracterized the existence, degree, extent and nature of the program itself as well as how much information it has shared with Congress. For instance, compare the President's speech in 2004 with his admission that there was indeed a program of warrantless surveillance. When high-ranking DOJ officials found the program lacking, the White House went to absurd, if not comical lengths, to convince a dangerously ill and hospitalized Attorney General Ashcroft to overrule them. Even today, the Administration continues to obscure its own past misconduct with extravagant claims that the "state secrets" doctrine bars any legal challenges whatsoever - a position that has been rejected by the Court of Appeals.

The Administration's hastily enacted legislation, signed this summer, is little better. Instead of being limited to the stated problem of foreign-to-foreign electronic surveillance, it could apply to domestic business records, library files, personal mail, and even searches of our homes.

Against that backdrop, it is clear we need a new law with the critical oversight provisions included in the RESTORE Act, such as requiring the Administration to turn over relevant documents to Congress, mandating periodic Inspector General reports, and acknowledging that the Administration is indeed bound by FISA.

Finally, the Administration has yet to explain why offering retroactive immunity to telephone giants who may have participated in an unlawful program is vital to our national security. Under current law, the phone companies can easily avoid liability if they can establish they received either an appropriate court order or legal certification from the Attorney General. Asking Congress to grant legal immunity at a time when the Administration has refused to provide the House of Representatives with relevant legal documents for more than eleven months is not only unreasonable, it is irresponsible.

Civil liberties and national security need not be contradictory policies, rather they are inexorably linked. Perhaps nowhere is this interrelationship more true than in intelligence gathering, where information must be reliable and untainted by abuse to be useful. So when we discuss FISA, the first thing we need to do is drop the partisan rhetoric, and stick to the actual record. Under the RESTORE Act, the intelligence community has the flexibility to intercept communications by foreign terrorists without obtaining individual warrants, and the Court and Congress are given the authority to perform their constitutional oversight roles. The only parties who lose in this process are the terrorists, and those who want the executive branch to have absolute and unreviewable power.

Rather than being, in Mr. Klein's words, "well beyond stupid," the RESTORE Act offers a smart and well balanced approach to updating FISA and reining in the excesses of an unchecked executive branch.

Interpretation: What id good for the goose is good for the gander.

HA! So there!

DEN said...

Holy Mr. Huckabee has gaping holes in his past involving the release of a serial rapist;

Little Rock, Ark -- As governor of Arkansas, Mike Huckabee aggressively pushed for the early release of a convicted rapist despite being warned by numerous women that the convict had sexually assaulted them or their family members, and would likely strike again. The convict went on to rape and murder at least one other woman.

Confidential Arkansas state government records, including letters from these women, obtained by the Huffington Post and revealed publicly for the first time, directly contradict the version of events now being put forward by Huckabee.

While on the campaign trail, Huckabee has claimed that he supported the 1999 release of Wayne Dumond because, at the time, he had no good reason to believe that the man represented a further threat to the public. Thanks to Huckabee's intervention, conducted in concert with a right-wing tabloid campaign on Dumond's behalf, Dumond was let out of prison 25 years before his sentence would have ended.

"There's nothing any of us could ever do," Huckabee said Sunday on CNN when asked to reflect on the horrific outcome caused by the prisoner's release. "None of us could've predicted what [Dumond] could've done when he got out."


Double Standards-R-Us, the religious repug way.

DEN said...

Holy Huckabee:

"Faith doesn't just influence me. It really defines me. I don't have to wake up every day wondering what do I need to believe," Huckabee says in the ad. "Let us never sacrifice our principles for anybody's politics. Not now, not ever."

Sure pal, sure.

The old saying; 'Practice what you preach' only applies when needed.

DEN said...

So that means three front running repugs have been eliminated from the competition due to being too stoopid while running for political office.



Alan said...

Too stupid is right. Didja see where the Huckster was asked about the new NIE? He said "the what?", and didn't KNOW A THING ABOUT IT.
Not what it was, or what it said about Iran.
Sounds like another bubble-boy, just a different bubble.

Alan said...

Buchanan and Scarborough on Morning Joe show this morning...

Buchanan went one step further. He said Joe Biden needs to get back to Washington and HOLD HEARINGS on who knew what, and when. He actually called on Biden to haul Condi Rice and Stephen Hadley before the Senate Foreign Relations Committee to ask them if they knew about the NIE report, and if they had ever told Bush. Pat and Joe were both adamant that if either of those two knew about this report, and didn’t let the President know about it, they should be fired immediately. And if they DID tell Bush, and yet Bush still went on warmongering with the knowledge that Iran had stopped its nuclear program in 2003, then, well…
See the clip at "Crooks...".

Micki said...

Even Pitchfork Pat makes sense sometimes.

Micki said...

I know I'm kinda repeating myself..but...

I would like to think that the release of the NIE to the public is a sign that cheney and bush and their merry band of liars have lost some control.

But, alas, the cheney/bush cabal is not going to change its policy based on the NIE. They will not see this new NIE as an imperative for serious diplomatic engagement. If the busheviks put a REAL offer on the table for Iran with some guarantees, China, Russia, and the Europeans would be standing with us, and progress could be made in the ME.

Nope. They aren't going to get serious. It's easier for them to just lie, lie, lie and threat, threat, threat. No wonder bush moved the goal posts back a few months ago -- to if Iran had the knowledge to make a nuclear weapon.

They WANT their damned war.

Micki said...

The Associated Press, reports, "A car bomb exploded in a largely Shiite neighborhood of Baghdad on Wednesday and killed at least 25 people, police said, while Defense Secretary Robert Gates said during a visit to the capital that security and stability were within reach, although more work is needed."


More hard work apparently! Chop, chop.

DEN said...

Wacko shoots up Omaha mall:

Several people were shot this afternoon when a gunman opened fire in the Westroads Mall. At least two people are dead The shots rang out shortly before 2 p.m. at the Von Maur store.

Creighton University Medical Center confirms two fatalities there; one man and one woman. Another person is in critical condition.

Three victims were taken to the Nebraska Medical Center, one in critical condition with a chest wound. One person has an arm wound and the third was being treated for cuts to the face.

The mall was locked down was the initial shooting report came out but several people got out of the building shortly after the gunfire and many others followed.

Up to five people were reportedly shot. There was a report of CPR being performed on one person.


Gerald said...

Micki, make no mistake our two Hitlers, Bush and Cheney, want to bomb and even nuke Iran. They also have 52% of Nazi Americans advocating such a nuking. Please look closely at Nazi Americans and see that human blood dripping from the side of their mouth.


Gerald said...

Hitler Bush still can't answer questions

Gerald said...

Deja Vu All Over Again

Gerald said...

Iran President is the truthful one

Hitler Bush is such a liar!!!

Gerald said...

It’s humiliating to all of us who believe in a free press, separation of powers and individual liberty that a system of government designed by its founders to hold leaders accountable can be so easily manipulated by an unremarkable loser who has been rewarded throughout his life for screwing up. It is hoped that this time around the truth will catch up with him before he gets us in yet another bloody war, just to show he can.

Gerald said...

The McCain doctrine

Gerald said...

Played again as fools

Anonymous said...

Bootboy here; Whats up with the comments about Patty B? He has forgot more than than most will ever know about the REAL workings involved in governmental wranglings. He knows how to get a politican out of the tree. We'll keep reading this blog now and then, but must get back to the corral now!!!!!!!!!!!!!!!!!

David B. Benson said...

An upbeat story

Malawi's super harvest

with promise for the future.

DEN said...

19 Y.O. kid snuffed himself after snuffing 9 others in Omaha.


Gerald said...


Gerald said...

The Lies

Micki said...

The secret of Malawi’s success: subsidies for fertilizer.

The World Bank had pressed for their elimination.

Does the WB get anything right?

Great story, Dr. B! We need all the upbeat stories we can get!

Gerald said...

Everywhere we hear the same droning lie from business interests that there are not enough American engineers and scientists. For mysterious reasons Americans prefer to be waitresses and bartenders, hospital orderlies, and retail clerks.

Gerald said...

America is going fascist

Gerald said...

It's shifting fast

Wolf argues that the United States is undergoing a “fascist shift” from an authoritarian but still relatively open society to a totalitarian society. The techniques for forcing this shift have evolved over the last century and are now studied by aspiring tyrants the world over. These methods are even part of the formal curriculum in places like the Western Hemisphere Institute for Security Cooperation, previously known as the School of the Americas, in Fort Benning, Georgia, where thousands of Latin Americans have been trained by the United States government in the most savage techniques of insurgency and counterinsurgency. Fascists use ten basic strategies to shut down open societies. They invoke an external and internal threat in order to convince the population to grant their rulers extraordinary powers. They establish secret prisons that practice torture, prisons that are initially few in number and only incarcerate social pariahs, but that quickly multiply and soon imprison “opposition leaders, outspoken clergy, union leaders, well-known performers, publishers, and journalists.” They develop a paramilitary force that operates without legal restraint. They set up a system of intense domestic surveillance that gathers information for the purposes of intimidating and blackmailing citizens. They infiltrate, monitor, and disorganize citizens’ groups. They arbitrarily detain and release citizens, especially at borders. They target key individuals like civil servants, academics, and artists in order to ensure their complicity or silence. They take control of the press. They publicly equate dissent with treason. Finally, they suspend the rule of law. All of these strategies are being employed in America today.

Gerald said...

Consider the evidence

The Bush administration and its supporters have consistently portrayed the security threat posed by international terrorists as a threat to the very survival of Western civilization in order to justify permanent war and to keep the American public in a state of panic and paranoia.

The prisons at Guantanamo and God-knows how many CIA “Black Sites” torture their inmates, even though human rights organizations have demonstrated that the majority of at least Guantanamo’s inmates are innocent victims of mass arrests. The inmates are designated as “enemy combatants” who have no rights under international or American law. And there is nothing stopping American presidents from filling these prisons with American citizens. In an April 24 2007 article for the Huffington Post, Wolf writes that thanks to the Military Commissions Act of 2006, “the president has the power to call any US citizen an ‘enemy combatant’. He has the power to define what ‘enemy combatant’ means. The president can also delegate to anyone he chooses in the executive branch the right to define ‘enemy combatant’ any way he or she wants and then seize Americans accordingly. Even if you or I are American citizens, even if we turn out to be completely innocent of what he has accused us of doing, he has the power to have us seized as we are changing planes at Newark tomorrow, or have us taken with a knock on the door; ship you or me to a navy brig; and keep you or me in isolation, possibly for months, while awaiting trial.” She points out that while currently Americans in such situations will be spared any torture except psychosis-inducing isolation and can look forward to eventual trials, these rights typically evaporate in the final stages of a fascist shift.

Gerald said...

He makes me puke

Gerald said...

Cheney said that by the middle of January 2009, it will be clear that “we have in fact achieved our objective in terms of having a self-governing Iraq that’s capable for the most part of defending themselves, a democracy in the heart of the Middle East, a nation that will be a positive force in influencing the world around it in the future.”

All of that by 2009? “Yes, sir,” he replied.

Gerald said...


DEN said...

Sign Here

Dear friend,

In nine days I'm going to Bali, Indonesia to address the UN Climate Change Conference. In front of representatives from the world's countries, I will speak about the need for a visionary treaty to be completed, ratified and brought into effect everywhere in the world by 2010. I need you, your friends and family to sign this petition calling for a new, positive leadership role by our elected leaders. I will bring your signatures on stage with me as a clear demonstration of our resolve.

This petition shows our commitment to solutions to the climate crisis. Please add your voice today and urge your friends to add theirs. The time for action is now. Only together can we make the change.

Sincerely, Al Gore

DEN said...

MATTHEWS: ...I want to ask you about something you've been involved with. You said that if the president of the United States had launched an attack on Iran without congressional approval, that would have been an impeachable offense.

BIDEN: Absolutely.

MATTHEWS: Do you want to review that comment you made? Well, how do you stand on that now? Do you think...

BIDEN: Yes, I do. I want to stand by that comment I made. The reason I made the comment was as a warning. ... I got together and brought a group of constitutional scholars together to write a piece that I'm going to deliver to the whole United States Senate, pointing out the president has no constitutional authority to take this nation to war against a country of 70 million people, unless we're attacked or unless there is proof that we are about to be attacked. And if he does--if he does--I would move to impeach him. The House obviously has to do that, but I would lead an effort to impeach him.

"unless we're attacked or unless there is proof that we are about to be attacked"

Would a false flag event count?

You bet!

DEN said...

13 months left to 'git 'er dun'(False Flag).

Arrest Bush/Cheney and staff NOW!

Before it is too late!

It is the one event that would send us into their sewer pit of hell in a handbasket.

carey said...

Oh geez. I'm so late. Not Ambien. Lunesta, or one of those, only for no longer than 30 days tops.

Melatonin. A benedryl will help. I guarantee it.


They will do it. Iran. I know what you mean. What Cheney wants.....he gets.

Bootboy is James? Heck, what's not to like about Patty Boy?

I have an article on exactly the subject of the day--sub-primes. Will post it tomorrow. I've been busy.

carey said...

I did mention about Biden speaking out yesterday, right? On Hardball.

He was extremely satisfying. Really. It was cool.

DEN said...

Deadeye is between Iraq and a hard place, which also serves as his head, willing to throw it all away on a lie.

Where will he hide afterward?

Or will he even have to?

(If anyone wonders why I stop posting, I've been Gitmo'd)

carey said...

Biden finally put Cheney in his place yesterday. Absolutely.

carey said...


You're being piggy while sleepwalking. You can't fool us.

DEN said...


Just the usual alien abductions.

carey said...

That's always the excuse.

DEN said...

Really wish those guys would quit.

It's like; finally, sleeping like Carol and bingo! aliens gonna take me for more tests, damn.

Can't get sleep nohow.

Wildman said...


DEN said...

OH now I know what "nickname" is for.

Great for those not-so-nonymousers.


You heard it here.

DEN said...

OH, I was 'wildman' to see what it would do, I'm not really wild you know, bit mad however.

carey said...


They did more than just abduct him this time. They tinkered.

DEN said...

Ever see me in traffic?

DEN said...

Till tomorrow then.

Alan said...

Y'all should see the post by Jesus General about ACME Products. Don't miss the link to their catalog! They're ALL there, from the Roadrunner 'toons. haha

Jesus' de Generale

Alan said...

Oh yeah, Chainee is quoted at Think Progress that Iraq will be a stable democracy in the ME by Jan. '09. I would laugh, but his b/s isn't EVEN funny anymore.