Motley Moose – Archive

Since 2008 – Progress Through Politics

Archive for October 2010

Holy Crap Batman!

Uh oh, I am doing this again and I just can’t stop…but this is on film and is too freaky for me not to share.

Talks to END WAR in Afghanistan ( yessssssssss!!!!)

I just saw this on Twitter.

Haven’t even had time to digest the information..

I’m pretty sure the comments is going to be a lot of fun.

http://nyti.ms/akkpWb

Talks to end the war in Afghanistan involve extensive, face-to-face discussions with Taliban commanders from the highest levels of the group’s leadership, who are secretly leaving their sanctuaries in Pakistan with the help of NATO troops, officials here say.

The discussions, some of which have taken place in Kabul, are unfolding between the inner circle of President Hamid Karzai and members of the Quetta shura, the leadership group that oversees the Taliban war effort inside Afghanistan. Afghan leaders have also held discussions with leaders of the Haqqani network, considered to be one of the most hard-line guerrilla factions fighting here; and members of the Peshawar shura, whose fighters are based in eastern Afghanistan.

Awesome.

I can always hope.

How about that Obama fella?

We Are SO Screwed

Today Bank of America stock rallied.  The Fed is talking about ‘quantative easing.’  We are alarming our friends and allies by crimping the US dollar worldwide in an effort to improve exports and ‘pump prime’ our flagging economy.  We are in the midst of a tenacious recession and our equity market is overhyped daily and undermined after-hours by insider profit-taking.  

The foreclosure crisis has our whole system of real property in doubt across fifty states and the banks which we spent our last trillion capitalising have made provisions to cover a trivial fraction of their remaining exposure to toxic subprime debt.  Some originators no longer have the notes, some mortgages have been securitised into two or three trusts, all of them have been leveraged into endless tranches of CDOs whose value exceeds the world’s GDP.

And now this:


HOUSTON, Oct. 18 PRNewswire  Today, the holders of over 25% of the Voting Rights in more than $47 billion  of Countrywide-issued RMBS sent a Notice of Non-Performance (Notice) to Countrywide Home Loan Servicing, as Master Servicer (“Countrywide Servicing”), and to Bank of New York, as Trustee, identifying specific covenants in 115 Pooling and Servicing Agreements (PSAs) that the Holders allege Countrywide Servicing has failed to perform.

Institutional Holders of Countrywide-Issued RMBS Issue Notice of Non-Performance… PRN Newswire 18 Oct 10

Just wanted to post this as a marker, really.  The first $47 billion.  Of the $1.4 trillion worth of dodgy securitised mortgage trusts we know about.  A little time-capsule of our current condition.  “Iceberg, right ahead!”, exclaimed the lookout.

Previewing Senate Elections: New York

This is the first part of a series of posts analyzing competitive Senate elections in blue states. The first part, which analyzes Illinois can be found here.

Out of the three heavily Democratic states being analyzed, Republicans probably have the least chance of winning New York. A serious Republican challenger to Senator Kristen Gillibrand has not emerged. Moreover, Ms. Gillibrand has proven an adept politician willing to campaign hard.

Nevertheless, in a bad national environment with low name recognition, victory for Democrats is not assured. Under the right circumstances (perhaps a Gillibrand scandal), Republicans may be able to pull off a shocker.

Previewing Senate Elections: New York

Like Illinois, New York can be divided into three sections: upstate, the suburbs downstate, and New York City. A New York Republican must win upstate and the suburbs by substantial margins – and perform extremely well in New York City.

More below.

Urban Decline and Renewal – America in the year 2010

In its heyday, Flint, Michigan had nearly 200,000 residents and was the governmental seat of one of the wealthiest counties in the country. Since those days in the early 1970’s, the population has dropped by 45% and poverty rates have skyrocketed. The future seems bleak. A 2008 Forbes article named Flint one of “America’s Fastest Dying Cities.”

Many people are working to halt Flint’s decline. The Downtown Development Authority has revitalized a moribund main street and the local land bank has repurposed many empty properties. The Genesee County Land Bank in Flint has been recognized by Harvard’s Kennedy School of Government as a national model for getting vacant property and land back on the tax rolls.

“There are those who look at things the way they are, and ask why… I dream of things that never were, and ask why not?” – Robert Kennedy

I’d Rather Lick Sasquatch Ass…

…than subject myself or those I love to the visual and mental rigors that surely come with watching TLC’s soon to drop Sarah Palin’s Alaska. Here’s a taste:

It’s only thirty seconds worth. Be sure to swallow a couple of charcoal tablets afterwards, just in case.