` NUTHIN' BUT 'NET: HALLOWEEN HANGOVER; A LITTLE DUNK; HUB OF THE (SPORTS) UNIVERSE - The Daily Nightly - msnbc.com

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NUTHIN' BUT 'NET: HALLOWEEN HANGOVER; A LITTLE DUNK; HUB OF THE (SPORTS) UNIVERSE

Posted: Thursday, November 01, 2007 1:35 PM by Chris Colvin
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Hi. So the stock market didn't hear the Halloween BOO! until this morning, but it was clear from the opening bell that fear is back, and Citigroup is wearing the scariest mask. Also, ganging up on Hillary Clinton, the AG and the torture debate, and Boston, you're my home.

The NYTimes reports on an analyst's estimate that Citigroup is facing a $30 billion capital shortfall which might lead it to cut its dividend or sell assets. And Reuters reports on Credit Suisse Q3 profits. After writedowns? Zero. Which puts them near the top of the Q3 class. Uh-oh Washington Mutual. Now it's criminal. Calculated Risk picks up on the New York Attornety General's investigation of the country's largest real estate appraisal company and Washington Mutual, allegedly conspiring to inflate propert values. And that's on top of THIS. And the NYPost's John Crudele (what makes me think they won't be booking him as a guest on FBN any time soon?) on the SEC poking around Goldman Sachs' miracle third-quarter profits that came from shorting mortgage debt (some of which they had a hand in originating) while the rest of the I-Banks were getting crushed.

The RealtyTrac foreclosure numbers are out and as you'd expect they were awful. Common Sense Forecaster has the release. And here's an interesting sign of the times on what it takes to seel your house these days.

A bunch of people took issue with yesterday's gangbusters GDP report, noting that the inflation measure contained therein was, ummm, not exactly credible. Crudele (again) sums up in plan language. Thanks to the BigPicture for introducing the term "quantum bogosity" in relation to this.  But here's another more disturbing theory.

And everybody who was arguing after yesterday's GDP report and Fed Funds rate cut that the U.S. is in a "goldilocks economy," the American people don't seem to agree.

The Hill reports on a conference call of Hillary Clinton supporters, post-debate.

Sidney Blumenthal writes about AG nominee Michael Mukasey's short journey from restorer of integrity to waffler on torture. Macsmind doesn't think waterboarding is illegal, and thinks the Democrats are just posturing.

And finally, is this the greatest year any city has ever had, sports-wise? (JINX!)

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Chris when waterboarding is done to a US soldier you will hear an out cry of how illegal it is right now it's ok to do it to others.  Now you noticed the Stock Market falling and it's has more to do with our National Debt then the sub prime robbery of home owners.  Take a look at how we have so many contractors getting paid for nothing.  I have always loved to watch how the the cycle of war profiteering works.  Contractors chain for the money flow Halliburton sub contracts KBR who sub contracts Ess Worldwide who sub contracts Rgency Hotel/hospital who sub contracts Blackwater.  As each company submits a bill to the US taxpayers while no one knows if any work was done.  Many Lobbyist have gotten their share of the free money too.  I remember when Howard Hughes got his war profit money for a plane we never used. Yes when the taxpayers find out how much money was spent for nothing and as the great great great grand children will be still paying for this free for all spending.  Chris let's hope the loans the White House took out don't ask for their money back to soon.  Just think 7 years ago the United States Treasury has a savings account to fall back on if needed.  Today our National Debt is over 9 Trillion dollars and counting. At the rate the White House is spending the US if another President follows the current Administration policy we will be in Debt of about 14 Trillion dollars in 5 more years.  

Jackie Rawlings Riverside California (Sent Friday, November 02, 2007 1:28 AM)

Sorry to interupt, Brian, but I'm still crying over baby Willy being eaten by those lions. The poor thing was crying for his mother.  

Susan Quimby (Sent Friday, November 02, 2007 2:36 PM)

Sorry to interrupt, Brian, but I'm still crying over baby Willy being eaten by those lions. The poor thing was crying for his mother.  

Susan Quimby (Sent Friday, November 02, 2007 2:39 PM)

Dear Brian,   I watched your broadcast last nignt about the war on Santa an decided it was time to add my two cents.  I have beeb watching the Supreme Court Justices vote in favor of the Non-Christian vote with great dismay.  They have taken all mention of prayer out of our schools, saying it was against the Constitution.  We have noticed an inclne in destruction of many Religious settings at Churches, complaints about Christmas, complaints about God and now Santa Claus.  I have even heard on the news about this man who is going around the country complaining about the size of Santa Claus being the wrong image for our children because of his size.  I have been calling this the silent destruction of the Chistian faith.  I have a real problem with alledged newsmen who give one side of a complaint local and national news coverage and fail to give the same coverage to those who are Christians.  This country was founded by christians, our constitution and Bill of rights were made by these early settlers but now everything this country was formed for, chief among them being freedom of speech, religion etc. is slowly being torn apart both by government sources and newsmen and writers who go for this type of "reporting" in the name of freedom of speech.  The govenment workers and all those who publish this junk need to take a good look at the fact that they too are adding to this silent destruction of everything we stand for and are just as guilty as those who are destroying our country from the inside out.  Please, would someone wake up before the very things these complainers are fighting against is the very reason they came to this country---FREEDOM.

barbara Youngberg Winston Salem Nc (Sent Friday, December 21, 2007 6:49 PM)



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