Priceless
Bush's new home: Until 2000, the neighborhood association's covenant said only white people were allowed to live there, though an exception was made for servants. The document, enacted in 1956,…
In case you didn’t know…
the unemployment numbers, the ACTUAL U/E numbers are way worse than you think Transparency is the hallmark of democracy, but we now find ourselves with economic statistics every bit as…
Total windbag
can't stand this asshat...and here is just one more reason
QOD
If we actually have any readers that have had multiple children I am wondering: How long were you in labor for each child? Thanks.
Palin’s fake pregnancy
I for one hope Andrew Sullivan keeps up the pressure on this story. If you take the time to read about it, you will really find there are some big…
Sister
[youtube]http://www.youtube.com/watch?v=Z51yvy7AfXA&feature=related[/youtube] I'm tired of these people putting up crappy music day in and day out. Dig this guitar play. This is for you Lenny Kravitz Lyrics Sister Lyrics
Real Breaking News…More India Crap
'Gunmen shot' at Delhi's airport Six gunmen are reported to have been shot by Indian security forces at Delhi's main international airport, according to airport officials. The police force in…
Breaking News
Carper is on live on MSNBC.com talking to the CEO Auto execs... www.msnbc.com
Fact of the Day
Ugg's are freaking retarded. I don't care what you are wearing with them, you look retarded. Worse than crocs. You don't look hot with your sweatpants on and tucked into…
Shaking head…
Only in KY FRANKFORT, Kentucky - A group of atheists filed a lawsuit Tuesday seeking to remove part of a state anti-terrorism law that requires Kentucky's Office of Homeland Security…
What about if you are already gay?
Will playing this game ungay you? Sort of like 2 negatives making a positive.... Cajun? You need to play for a week and get back to us please....fingers crossed. Christian…
It’s all about the Pensions
[youtube]http://www.youtube.com/watch?v=jCwyVMiiCSA&eurl=http://crooksandliars.com/[/youtube] Worth watching. Who has Deregulation helped? Line of the interview? "I'm tired of having my shoes thrown up on" Steelworkers Union President
What I’m reading…
A Sqyuishy quest to further educate continues…
Update 2:
Pension Debt is unsecured debt. Like a credit card. Pretty sweet huh? So that money you were promised, gauranteed, poured your blood sweat and tears for, is worth less than the paper it was written on. It is an albatross tied around a companies neck going into or coming out of BK
Delaware’s BK Court heavily favors the Debtor (company filing bk) which means creditors get screwed, which means pensioners get screwed. (here that DuPont pensionee’s?) In fact courts want the big cases and show a bias to debtors to get those cases….Delaware stands out and NY too.
Pg 59: In the 1980’s companies found their pension coffers overflowing. That money wasn’t for pensions since it went above and beyond what should have been in there. Several companies went after that money: EXXON, UNION CARBIDE, PACIFIC LUMBER, OCCIDENTAL PETROLEUM
Pg 91 in 2006 Hedge Fund company Avenue Capital specializing in Vulture style debt management, gentlier called “distressed debt market” hired Chelsea Clinton
and finally for today….this quote:
“It becomes a factor you price into the deal. It’s not dissimilar to looking at an industry with an asbestos claims.”
