I could totally imagine Credit Default Swap being the opener at a Toxic Assets show sometime late next year. Just saying. And of course there’s Helicopter Ben and the Bailout Band.
I’m starting to think the Democratic leadership is so enthusiastic about giving away $700 billion + (rotating account) to Wall Street right now, with no hearings or real debate or whatnot, precisely because they fear such a trillion dollar giveaway to the corporate ultra-wealthy might, might be harder to sell under a Democratic President.
In other words, this isn’t just an opportunity for the departing Bush Jr’ites to loot the Treasury / taxpayers and screw over any hopes for a Newish Deal, but an opportunity for the enthusiastically pro-upper class corporatists Democrats to join in while being able to partially blame Bush Jr.
It’s not a capitulation by leading Democrats; it’s their embrace of an opportunity.
Dwight, my freshman year roommate was in a band called “Alan Greenspan and the Irrational Exuberance.” So it’s been done.
I think the bailout is an opportunity for the best kind of corporatist Democrats. It’s an opportunity to make the taxpayer rich by extorting lots of stock from failing banks in exchange for saving them! This is why I like the Dodd plan. Of course, as all the kids are saying — No Equity, No Deal.
by the way, have you done any cnbc watching? you know, you get all these op-ed folks and pundits who comment on every conceivable issue, and then they’re asked to explain how the economy works… but, they don’t quite know. it’s not their field. then you get the economists who write op-eds who don’t seem to include any substance in with their opinion… just tell me WHAT IS HAPPENING, and WHY, and we’ll start from there. i mention cnbc because the folks there don’t talk about anything else — they have a sharper understanding of what is going on. much of the debate going on, e.g. on the web, is sort of beside the point. and another question: how come members of, say, the senate finance committee don’t get schooled on, you know economics? wouldn’t they give much more rigorous and USEFUL conferences with people like Paulson if they had a strong sense of what money means and how problems like this happen, et cetera, et cetera, et cetera?
My favorite finance-related band name is Catastrophe Sector, which, if you haven’t looked into it, is a division at Lehman/Barclay’s specializing in pooling risk for disaster insurance providers. Some pretty shady business there actually. Nyren, if you remember him, works in it.
James (#11): The Economist this week has a pretty decent overview of the crisis, even for being a week old and coming before the bailout was announced. They explain Paulson’s thinking better than anyone, even if the reasoning still doesn’t convince me.
Hi Matt – on the topic of names, I thought Fuddie Mac would be a great name for the McCain / Davis / Freddie Mac / NYT debacle. I realize this comes a little late and is being overshadowed by McCain’s (Fuddie Mac’s) bold move, but what do you think? Can we get that name to stick? I guess it’s a little mean, since it picks on him because of his advanced age.
Johnny Mac and the Mavericks
Baked Alaska Babe
Too Big To Fail (Might get into Bigger-Than-Jesus territory)
Daylight Heist
Northern Exposure Barbie
Moose Fur Bikini
Unparalleled Greed
Country First
September 25th, 2008 at 8:11 am
“Toxic Assets” sounds like a hardcore band from about 1983. Are you sure that hasn’t already been used?
September 25th, 2008 at 8:12 am
I’m starting to think the Democratic leadership is so enthusiastic about giving away $700 billion + (rotating account) to Wall Street right now, with no hearings or real debate or whatnot, precisely because they fear such a trillion dollar giveaway to the corporate ultra-wealthy might, might be harder to sell under a Democratic President.
In other words, this isn’t just an opportunity for the departing Bush Jr’ites to loot the Treasury / taxpayers and screw over any hopes for a Newish Deal, but an opportunity for the enthusiastically pro-upper class corporatists Democrats to join in while being able to partially blame Bush Jr.
It’s not a capitulation by leading Democrats; it’s their embrace of an opportunity.
September 25th, 2008 at 8:15 am
How about: Hold to Maturity?
September 25th, 2008 at 8:18 am
Les Tranches. Foreign-sounding names seem to be very big lately.
September 25th, 2008 at 8:32 am
Gotta go with Predatory Lenders opening for The Golden Parachutes.
September 25th, 2008 at 8:36 am
Irrational Exuberance remains an unused great band name.
September 25th, 2008 at 8:45 am
See here, Matt. Not a day goes by when the headlines make great band names
September 25th, 2008 at 8:45 am
Dwight, my freshman year roommate was in a band called “Alan Greenspan and the Irrational Exuberance.” So it’s been done.
I think the bailout is an opportunity for the best kind of corporatist Democrats. It’s an opportunity to make the taxpayer rich by extorting lots of stock from failing banks in exchange for saving them! This is why I like the Dodd plan. Of course, as all the kids are saying — No Equity, No Deal.
September 25th, 2008 at 8:47 am
The Economy’s Cratered
I’d buy it.
September 25th, 2008 at 9:10 am
Subprime.
September 25th, 2008 at 9:12 am
by the way, have you done any cnbc watching? you know, you get all these op-ed folks and pundits who comment on every conceivable issue, and then they’re asked to explain how the economy works… but, they don’t quite know. it’s not their field. then you get the economists who write op-eds who don’t seem to include any substance in with their opinion… just tell me WHAT IS HAPPENING, and WHY, and we’ll start from there. i mention cnbc because the folks there don’t talk about anything else — they have a sharper understanding of what is going on. much of the debate going on, e.g. on the web, is sort of beside the point. and another question: how come members of, say, the senate finance committee don’t get schooled on, you know economics? wouldn’t they give much more rigorous and USEFUL conferences with people like Paulson if they had a strong sense of what money means and how problems like this happen, et cetera, et cetera, et cetera?
September 25th, 2008 at 9:28 am
-Liquidity (ambient electronica)
-Subprime (sonic power punk)
-The Shadow Bankers (goth/pop)
-Stimulus Package (acid/techno)
-Moral Hazard (retro ska)
-The Short Sellers (pagan rock)
September 25th, 2008 at 9:33 am
Hey, Matt.
My favorite finance-related band name is Catastrophe Sector, which, if you haven’t looked into it, is a division at Lehman/Barclay’s specializing in pooling risk for disaster insurance providers. Some pretty shady business there actually. Nyren, if you remember him, works in it.
September 25th, 2008 at 9:54 am
Clawback
September 25th, 2008 at 10:05 am
James (#11): The Economist this week has a pretty decent overview of the crisis, even for being a week old and coming before the bailout was announced. They explain Paulson’s thinking better than anyone, even if the reasoning still doesn’t convince me.
September 25th, 2008 at 10:21 am
Cross of TARP, with Ron Paul and the Goldbugs opening.
September 25th, 2008 at 10:38 am
mcflopsweat.
September 25th, 2008 at 10:58 am
Hi Matt – on the topic of names, I thought Fuddie Mac would be a great name for the McCain / Davis / Freddie Mac / NYT debacle. I realize this comes a little late and is being overshadowed by McCain’s (Fuddie Mac’s) bold move, but what do you think? Can we get that name to stick? I guess it’s a little mean, since it picks on him because of his advanced age.
September 25th, 2008 at 11:15 am
Johnny Mac and the Mavericks
Baked Alaska Babe
Too Big To Fail (Might get into Bigger-Than-Jesus territory)
Daylight Heist
Northern Exposure Barbie
Moose Fur Bikini
Unparalleled Greed
Country First
September 25th, 2008 at 11:44 am
Didn’t Atrios already win this contest?
“Big Shitpile”
September 25th, 2008 at 12:38 pm
“Oh Shit We’re All Poor”
THAT is a great band name.
September 25th, 2008 at 12:50 pm
Subprime (sonic power punk)
Sub-Primus at best.
September 25th, 2008 at 1:15 pm
Hanky Panky Bernanke:
A jug band consisting of Hank Paulson and Ben Bernanke
First song: “Banky Tanky”
September 25th, 2008 at 4:36 pm
No! Fannie Mae and Freddie Mac – Like a 70s era southern folk duo.
September 25th, 2008 at 6:19 pm
Lower Tranches
Alt-A
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