Yesterday, upon hearing that Senator Ted Kennedy was endorsing Obama, Marcia Pappas, the President of the New York State chapter of the National Organization for Women, got her (unbleached, organic itchy cotton granny) panties in a big, huge asshole-chafing bunch. And then she wrote a press release. And, unlike the rest of us who try to take a moment and breathe before sending something like that when we’re upset, she sent it off.

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Well, that didn’t take long.

Sorry for all the videos. We have to have real jobs, apparently!

Big Shitpile, you’ll recall, is the term affectionately given to the shitload of mortgage CDOs (collateralized debt obligations) that were sold to various pension funds, institutional investors, and other gullible types.  A real estate CDO is created when an issuer waves a magic wand over a bunch of mortgage loans and turns them into a security, usually a really shitty security, shares of which can be sold just like stock.   

The latest wrinkle in the mortgage crisis is lender concerns about borrower “morality”.  In many cases, it’s in a buyer’s interest to walk away from a property if the loan is much bigger than the value - the buyer can save their other credit and probably buy a new home in 3 or 4 years.  But will delinquent borrowers feel remorse as they walk away from a bad investment and reconsider, or will they do the smart thing? Read the rest of this entry »

Kennedy or no, may God choose Barry for president.

Washington beat reporters, much like their Hollywood counterparts, live in a world with only small connections to the bigger one the rest of us live in, and sometimes they can totally lose themselves. Like Neely Tucker of the Washington Post did today, writing about Barry Obama’s new Kennedy handle. Somebody buy this reporter some new underwear because these ones are totally creamed. Read the rest of this entry »

Or maybe not, I didn’t actually read the article. I am perhaps projecting.

Did you know that this state called Kansas has a governor and everything? Does that mean cows can vote? There really isn’t anything in Kansas except fields and tornadoes and basketball, right? Did she do a good job? More importantly, what was she wearing?

I wasn’t there, so please answer my questions.[AP]

Retardorama 2008 goes cashless.

Remember at the beginning of 2005 when it seemed like the world was going to end because there was no way to stop President Chim Chim and his horde of retards from destroying the future? How misguided we were! Chim Chim and his retards stopped themselves and destroyed the Republican Party, a truely remarkable legacy for the history books for which countless future generations will be grateful, and now all their dumb presidential candidates can’t afford to buy Super Tuesday ads until they see how they do today/raise more cash after winning. Take a deep breath of that fresh clear air that may have a chance of arriving sometime in the next fifty years, not that we mean to sound overly hopeful, obviously. But the fact that only Mike Huckabee and Ron Paul can afford tiny little Feb. 5 adbuys is, frankly, a beautiful thing. [The Page]

 You’d think Anderson Cooper might be pretty happy right now. The dreamy, closeted CNN anchor just finished up post-State of The Union interviews with almost all the leading Presidential candidates; Barack Obama, John McCain, and Mitt Romney. But Anderson Cooper doesn’t do almost and there was one Presidential frontrunner who wasn’t on his show– Hillary Clinton. The most crushing part for Anderson is that Clinton promised to come on his show and then she completely stood him up! What’s up with that?!? Read the rest of this entry »

Our conversation continues, after the jump.

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And, thus it begins. Megan, Hunter and Greg drink and dissect/mock the President’s State of the Union address (as soon as it starts, but we know you’re just waiting for the open thread). Since it’s not a Giuliani Administration, we’re figuring that we won’t get everyone too drunk if we recommend drinking every time he says September 11th? Who knows. Let’s just figure out if the spell check works on this thing.

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