Can noone make fun of all the new acronyms which Bernanke has made up? What are the latest ones now again…
Facility for Under-Collaterized Keepings?
Sequritized Holdings of Interests in T-bills?
Credit Reserve Asset Securities Held?
shows how ridiculous they are
I think this is funny (from FOMC meeting in 2002):
VICE CHAIRMAN MCDONOUGH: (Talking about Japan vs USA) And if one compares the two banking systems, it is clear that the banking system in Japan
has never been very strong even in its best day, whereas ours—certainly at the moment—is
extremely strong. The quality of bankers in Japan, in terms of their being able to analyze a credit
and understand how it is likely to be repaid, is extraordinarily low, whereas in fact in this country
we have some very good bankers.
McDonough at the time was president and chief executive officer of the Federal Reserve Bank of New York. Currently works with Merrill, good bankers indeed sir.
I’m enjoying the comic ‘Transmetropolitan’ here is one page.
the picture didnt scale properly, here is the plain link
http://nombreindeterminado.files.wordpress.com/2007/10/spider_jerusalem_-_voting.jpg
LIBERALSliberals.bmp (2.25 MB)
LIBERALS
liberals.bmp (2.25 MB)
moar like “VOTERS”
Speaking of public school…
This lolcat is probably the most applicable to this forum…
