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Fixing the Banks Should Be Job No. 1
If the feds don't get the banking system upright, nothing else will matter.
Jeff Smith, Founder
www.generationBIG.com
How on Earth can this ass-whuppin’ post not even get 100 comments while those other sluttier posts get way more? These threads are being rigged … by ACORN! Wake Up sheeple!!1!1!@!
My god, did you drop some Sugarhill AND 9353 in the same column? A man of parts!
Sadly, there are people who read Smart Money for financial advice. It’s not like Luskin only wrote for The Washington Times or The Weekly Standard. “Smart” Money put this idiot in print month after excruciatingly wrong month. And that was after he revealed what an ignorant fool he was by going up against Krugman and being completely discredited. I recommend you submit this to Dumb Monkey as a cover story on how not to report on the economy. They owe to their readers.
Wow! This guy Luskin is a whack job.
after watching a clip of the CNBC financial brain trust interviewing Roubini and Nassim the other day, I wasn’t sure if your portrayal of Luskins “advice” was satire or not… looks like you took a serious look at what passes for “expert advice”… you sir, have done the country a service.
this post? this post, genius. thank you for the genius post.
Too bad you can't ask the Chicago City Comptroller Coalition Provisional Authority about that… WordPress willing, FTFY Just remember: pallets of bills, totally unaccounted for. C-5s full of cash.
Is this the same Donald Luskin that engaged in a several-years-long war of attrition with the Light Blue Satan, resulting in several hilariously futile attempts to out the notorious Atrios? Because if he is the same person, I didn’t think, until reading this post, that he could be more thoroughly punked. Bravo.
The only way I can explain Luskin getting a forum anywhere is that there really is a conspiracy to keep you poor and stupid.
It’ll be a recession in a couple of months when they can pin it on Obama with a straight face.
I suspect that if they have been listening to him. they likely can't afford the rope. I believe justme has won the thread.
I dunno about this bold thing. Every comment looks like a stern e-mail.
owlbear1 said, February 11, 2009 at 12:06 Who the f!*k is Luskin's audience? Why haven't they lynched him yet?His audience is the usual dupes of the Church of Free Market Triumphalism.
Yeah, he’s dead-on about this being a great time to buy stocks - if you get the ones with all the ornate lettering & fancy-ass graphics, I hear they make real pretty wallpaper. Donald Luskin is the Bill Kristol of Wall Street!
Who the f!*k is Luskin’s audience? Why haven’t they lynched him yet?
how about rainbow toe socks and short pants.I’d prefer not to have to remove my eyes with an impromptu spork. I suppose the double wetsuit reference goes here.
I'd love to see this clown in stocks. If stocks aren’t possible, how about rainbow toe socks and short pants. Every day for the rest of his life.
I wish I could be wrong so often and still keep my job. Heh, that would be sweet. Try the Securities Exchange Commission. They prize incompetence almost as much as moral bankruptcy.
Holy s!*t. Somebody pays this guy to write columns?Amazing, isn’t it? And he gets away with it, year after year. He’s turned being a moron into a lucrative career.
In fact, you'd think it had fallen into a boiling hot volcano. That's how empty you'd think that glass was. Empty? You call that ‘empty’? When I were a lad, we had glasses that were so empty that we had to hold them under a running tap for 20 minutes just to get the sides wet. But you didn’t hear us complaining, mainly because our throats were too dry.
I’d love to see this clown in stocks. I think we really need to bring those back. The wooden ones with holes for the wrists and neck, that is. If we as a nation invested in that sort of stocks, heavily, like lining the National Mall with them, and made them the punishment for being a media asshat who is always wrong, we’d be waaaaaayyyyyyy better off. Oh, yeah. They get to be the sentence for douchenozzle politicians, too. Baskets of rotting veggies for all! Sigh. Sweet reverie, a man can dream, can he not?
Based on this story, I’m investing in d!*k commodities. Oh wait, we already have a surplus. Maybe if we package Kudlow with Deutsch we can make a couple of worthless commodities look like a good deal. I better get the team on this. Bulls Away!
Corporate executive is another possibility.
I wish I could be wrong so often and still keep my job. Heh, that would be sweet. Well, the trick is to pick a job for which there is no pesky oversight board like, say, the American Bar Association; or one in which you may inadvertently kill your clients, like medicine, and then have to face litigious family members; or rat catcher, where if you kick back too long the rats start nibbling your toes; or bus driver or airplane pilot, where your miscalculations not only are going to get you maimed or killed but also wind up on the evening news. So that pretty much leaves politician and media personality.
As long as Mr. Luskin is getting his commission, the best time to buy stock is now, as well as tomorrow, also.
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A particularly galling quote from the piece....
"Besides, let's not get too upset about people getting rich off government. Bank CEOs are hardly the only ones who do that. Consider Tom Daschle, who this week had to withdraw from consideration as secretary of Health and Human Services. Not only did he not pay taxes on income. Much of that income -- millions of dollars he earned in the few years since he left the Senate..."
Mr Luskin - reduces the whole issue to "little peoples'" envy and partisanship.
Well that's just nasty BS and he should know better.
Let me re-state the real issue as seen from the "little peoples'" view point.
1. We suspect that most banks are not just broke, but are totally s#&tcanned.
2. We suspect that if an auditor did to their books what was done to Fred and Fan, most of them would be immediately declared bankrupt.
3. We also suspect that if even a little of what th...(Read more of this comment)