Revisiting the BAMTOR Principle

Banks Always Make Their Own Rules, and this has been a banner week for demonstrating it!

You’ve heard of course about the lady who arrived at her second home to discover new locks and all her stuff missing, including her late husband’s ashes, right?

What about Deutsche Bank agreeing to pay a bunch of fines for helping wealthy Americans dodge their taxes?

Arizona and Nevada are both suing Bank of America over loan adjustments, and the Nevada AG has evidence that B of A has engaged in massive deceptive trade practices.

In California, Wells Fargo has been forced to admit that “pick a payment” was a bad idea and strongarmed into modifying a whopping 15,000 homeowners (sounds much more impressive if you say $2 billion in mortgages, doesn’t it?).

Meanwhile, the federal agencies that should be regulating the banks and protecting the citizens are protecting the banks from the citizens. The Federal Reserve has actually blocked new foreclosure regulations.

Even MarketWatch suggests that the banks have pulled on over on all of us.

We don’t just need rules for Big Banks, we need them to be forced to follow the law. Put a few bankers in jail, and I imagine the rest will be more likely to resist criminal activity.

In Closing: less American Pie; when Pat Robertson says to decriminalize pot, you know the War on Drugs is a failure; duh; security threat; Schneier; look, there’s never going to be a “get out of the security line free” card, so stop wishing for one!; gee, whoda thought?; good idea, wish somebody thought of it during the Clinton Administration; and idiot motorists drove through wet cement, getting stuck and delaying a project that would have been open in time for Christmas until probably Easter. Hope they’re real proud of themselves.

Shorties Carpenter’s The Thing

Medical Breakthrough: 2 Hour tuberculosis test. Imagine being able to treat people now without risking that you’re treating something non-existent, and without waiting months to be sure.

When the Cows Come Home: Quite literally.

I owned one once: Bungalows.

On the President and the Economy: ‘Nuff said. Maybe we could use some good old fashioned labor uprising. And where are we going to get the jobs we really need out of tax cuts?

I am Lawful Evil: Heh.

Right On: Essential elements of filibuster reform.

About Effing Time: “You know, maybe we should hold banks to some sort of minimum capital standards!”  D’ya think??

Speaking of the Banks: Refreshing Candor.

Dave Nails It: “Can’t get by on $250K? Try leaving your bubble!”

One of the Smarter Things I’ve Read about Yesterday’s Court Ruling: Remember, only the individual mandate has been thrown out.

Worth Thinking About: I don’t agree with all of it, but these are things we need to think about.

I love Radly Balko: In an intellectual way of course. On the TSA and ACLU.

The 99ers: read this.

Hope for Following the Law: cracking down on firms that just turn employees into contractors.

Fail: The War on Drugs.

Robert Reich: Enthusiasm Gap.

That’s it for today. Keeping it Short but sweet.

Huh.

I’m going to start by saying the only thing I intend to say about politics today: if are an American adult and you didn’t vote in Tuesday’s elections, I have no desire to hear any of your opinions about politics, the law, or the economy. You had your opportunity to make your voice known,  even if it was to vote for “none of the above.” Got that? Now get lost.

Now that that’s out of the way!

This week I’ve been collecting stories that just make you say “huh.” Like the newly found San Diego to Tijuana drug tunnel, complete with lights, ventilation, and a rail system! You know, if pot were legal and regulated, not only would this stuff have come into the country in a relatively safe truck, it would have generated taxes and tariffs. As a bonus it would be easier to keep it out of the hands of kids because the nice lady at 7-11 is actually going to check IDs. It would also cut the head off Mexican drug violence. (Funny, you heard a lot less about American gangsters after prohibition was repealed).

Elsewhere, CNN took it upon themselves to point out that cat costumes, Starfleet T-Shirts, teeny tiny miniskirts, blankets, evening gowns, and swimsuits are not appropriate attire for a job interview. Oh Really??

Another good one was USA Today informing us that kids who use “electronic media at night” sent an average of 34 texts or emails, and were often woken at night by calls or texts. Not surprisingly, they “may have mood or learning problems during the day….” Do you think??

But by far my favorite is the FBI manhunt for a couple involved in a Ponzi scheme. They allegedly defrauded a dozen investors of $3,000,000. Now here’s the strange part: the man met several of their victims while in prison. Now, would you take investment advice from a guy who was in prison? Apparently some people would.

In Closing: immaculate conception of snakes; the Great Wall of Croatia; T-Shirts for travelers; disaster coloring books; on unemployment and interest rates; shades of grey; JP nails it; amazing cure-all proven in study after study; Happy NaBloPoMo; the damage doesn’t look as bad from out here; and Samurai Reformer.

In the Shorties of Madness

What’s Your Angle: In what I fervently hope will be the last thing I have to say about Sharron Angle ever, Angle announces that she won’t be answering any questions asked by the pesky [local] media until she is a Senator, darn it. And Channel 8? You are so not invited to her Election Night Party, so there! Listen sweetie, if you don’t want people asking you questions in public, don’t be a public figure.

Let common sense prevail: Did you know that something in your body is very likely subject to a United States Patent? Good thing that big corporations haven’t figured out a way to charge you for that. Anyway, it looks like the United States may revisit the idea that my genes and your genes can be somebody else’s intellectual property.

I keep saying this: sugary drinks are not good for you.

Fail: When trying to steal copper from a vacant home, make sure the power is in fact off first. Oh, and leave the kids at home rather than sitting in the car waiting for you.

They’re mad as hell: and worse yet, they think they have some right to hurt or even kill you if you dare to disagree with them and their vision of a Utopian past-future. I’m beginning to wonder if my “liberal” respect for life — endorsed by the 10 Commandments and Jesus himself! — might need some retooling in the face of reality.

It’s the fraud, stupid: That’s the short version. It’s starting to look like the various state Attorneys General don’t like the BAMTOR Principle and may even hold banks accountable for their criminal actions, even if the SEC merely thinks the law is some sort of a suggestion.

I realize you may never need to know this: Table Etiquette for Formal Dinners in Japan.

This could turn out badly: So most people aren’t willing to relocate for a job anymore. More to the point, they can’t relocate for a job because they can’t sell their house for anything close to what they paid for it (advantage to renters?). At what point will job seekers decide to take the job and walk away from the house they can’t afford without work?

Looking forward to it: a long overdue re-work of Power90, a follow-on to Insanity, and more details on P90X MC2.

Ezra is correct again: Since most people retire because they have to rather than because they want to, raising the retirement age is a really dumb idea.

Urine Drug Tests Must Stop: a woman had her newborn taken away because she foolishly ate a bagel with poppy seeds on it. Why do we tolerate businesses, schools, and government entities making decisions about our lives based on such an inaccurate test?

Bloody Romans: “I don’t get nothin from the government!” Except of course for my mortgage interest deduction, student loans, unemployment insurance, Social Security, VA benefits, Medicare, G.I. Bill benefits….

Clearly deregulation is the answer: after all airlines would surely keep planes in good repair all by themselves if there were no pesky regulations requiring it.

Nothing left for me to say: Comrade E.B. Misfit said it all.

A reason to encourage absentee voting: nobody to harass you at the polls for being too brown.

Hope you are having fun: at the ColbertStewart rally.

Blast from the past: old computer equipment ads.

And last but not least: at least they are honest about it!

So remember to vote this Tuesday if you haven’t already. And remember my handy tip for voter initiatives, just say no.

The Shorties Centipede

Ok, for the record, I didn’t make it up, this is a real movie. No, not planning on watching it.

Quickie Economic Stuff: Technically we are out of the Great Recession (assuming you can believe the numbers put out by the government but that’s another story). Nevertheless we are not in a recovery. Bankruptcies are still way too high and jobs are still way too few. We’ve still got too many people who have been unemployed over half a year and too many people who are stuck in part time jobs because a full time job just isn’t available to them no matter how hard they try. Oh, and we haven’t fixed the underlying real estate problem.

Obligatory Oil Spill Stuff: Some meteorologists think the spill might be 5 times worse than reported. Oh, and there might be a lot of unexploded ordinance to complicate the mess. So since the containment dome worked about as well as Jon Stewart predicted (starts around minute 5), now they want to try plugging it up with random junk. Hey, it worked in Futurama. But whatever you do, don’t cry for BP; about 4 days’ profits can cover cleanup.

Really cool computer accessories: Laquered wood mouse starts around $300 American.

No Point Reasoning With Some People: Complain about high taxes all you like, they haven’t been this low since 1950.

Closer than you think: The outrageous thing is that cops are busting down doors and killing pets every day across the nation. It’s just that this one time there’s a videotape.

I don’t get it: So it’s better that violent mental patients should rape a female mental patient than they should assault each other?

Must Read: Prohibition Then and Now.

Dear Fed: Sure, the Senate unanimously voted to have a one time audit of the Fed. However, it’s a watered down thing.

Core Requirements: Susie’s must-have course may be Johnie’s fluff class. How important is it to be a well-rounded student?

Blackbird Flyin’ in the Dead of Night: Take these discarded manuals and learn to fly. All your life, you’ve been waiting for this moment to arrive.

Don’t Ask Don’t Tell?: More like “Don’t put out and I’ll tell.” We already have an unconscionably high rate of rape in our armed forces. This makes me wonder how many people who are discharged are forced into this, and how many are rape victims with the temerity to stand up to their attackers.

And finally: this lawsuit ain’t over ’till it’s over.