Comments on: Pop Politico: “Anti-Dowist Philosophy” http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/ your daily dose of pop culture Wed, 25 Nov 2009 23:09:17 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: DwDunphy http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-41550 DwDunphy Tue, 14 Oct 2008 21:36:32 +0000 http://popdose.com/?p=6907#comment-41550 Yup, we seem to have done it again today. The Dow still ended down, though not insanely so. Yup, we seem to have done it again today. The Dow still ended down, though not insanely so.

]]> By: Ted http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-41549 Ted Tue, 14 Oct 2008 21:18:57 +0000 http://popdose.com/?p=6907#comment-41549 Eric: I think you've illustrated the very definition of "failing upward." Eric: I think you've illustrated the very definition of “failing upward.”

]]> By: jefito http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-41548 jefito Tue, 14 Oct 2008 20:42:32 +0000 http://popdose.com/?p=6907#comment-41548 Hey, Eric -- I sent you an e-mail about doing something for us a couple of nights ago, but I think maybe it went to an old address... Hey, Eric — I sent you an e-mail about doing something for us a couple of nights ago, but I think maybe it went to an old address…

]]> By: DwDunphy http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-19881 DwDunphy Tue, 14 Oct 2008 20:36:32 +0000 http://popdose.com/?p=6907#comment-19881 Yup, we seem to have done it again today. The Dow still ended down, though not insanely so. Yup, we seem to have done it again today. The Dow still ended down, though not insanely so.

]]> By: Ted http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-19880 Ted Tue, 14 Oct 2008 20:18:57 +0000 http://popdose.com/?p=6907#comment-19880 Eric: I think you've illustrated the very definition of "failing upward." Eric: I think you've illustrated the very definition of “failing upward.”

]]> By: jefito http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-19879 jefito Tue, 14 Oct 2008 19:42:32 +0000 http://popdose.com/?p=6907#comment-19879 Hey, Eric -- I sent you an e-mail about doing something for us a couple of nights ago, but I think maybe it went to an old address... Hey, Eric — I sent you an e-mail about doing something for us a couple of nights ago, but I think maybe it went to an old address…

]]> By: autodidact http://popdose.com/pop-politico-%e2%80%9canti-dowist-philosophy%e2%80%9d/comment-page-1/#comment-19878 autodidact Tue, 14 Oct 2008 18:44:34 +0000 http://popdose.com/?p=6907#comment-19878 Nincompoops have been running the financial asylum. Buffett warned about derivatives being like ticking time bombs. Greenspan said in 2003 derivatives were "extraordinarily useful" to transfer risk to those willing to take it on -- he opposed regulation. Bernanke was "sanguine" about derivatives in his 2005 confirmation hearings for the head of the Federal Reserve spot. Treasury's Paulson said he was "wary" of major changes in regulating derivatives -- in his confirmation hearings only last year. These old quotes, searched out over at <a href="http://propublica.org" rel="nofollow">propublica.org</a>, make for some interesting reading. Cox over at the SEC was unconcerned, as well. <br><br>Now the bomb has blown up in their faces, and their solution is to throw money (other people's money) blindly at anything that seems to be failing. There is no reason to trust their judgment. They should all get the "Great job, Brownie" award for major fecklessness. Nincompoops have been running the financial asylum. Buffett warned about derivatives being like ticking time bombs. Greenspan said in 2003 derivatives were “extraordinarily useful” to transfer risk to those willing to take it on — he opposed regulation. Bernanke was “sanguine” about derivatives in his 2005 confirmation hearings for the head of the Federal Reserve spot. Treasury's Paulson said he was “wary” of major changes in regulating derivatives — in his confirmation hearings only last year. These old quotes, searched out over at propublica.org, make for some interesting reading. Cox over at the SEC was unconcerned, as well.

Now the bomb has blown up in their faces, and their solution is to throw money (other people's money) blindly at anything that seems to be failing. There is no reason to trust their judgment. They should all get the “Great job, Brownie” award for major fecklessness.

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