The Roundup: Fast Foot Joints are Dangerous
Baseball, College Football, Drugs, Fans, Fighting, High School Sports, NBA, NFL, Race, Video October 2nd. 2008, 8:00am
The internet needs more Kate Mara photos … cuddle parties, anyone? … heaviest man in the world is getting married … we feel bad for this woman’s husband … you don’t want to be in the auto industry right now … man throws lamp, dumps gatorade on wife’s head … if you missed the Anne Hathaway interview with Letterman … please let there be no mention of capitalism … Megan Fox in lingerie … when you hear CNBC servicing Warren Buffet today, just remember, he gave their company $3 billion …
To those of you who still doubt Max Hall and BYU. (NY Daily News)
Startling and scary footage of a man punching a 16-year-old girl in the face at McDonald’s. (KNBC)
The Canes and Noles – those guys can rap. (Commission)
“I got that sticky-icky … blue bonic shizzle for yo’ grizzle nizzle.” Come on, you know it’s about Ricky Williams. (CBS Sports)
Pete Carroll admits to being cocky prior to the Oregon State game. (Farther off the wall)
Video women shaking their rear ends; somehow, Usain Bolt is involved. (Sports Culture)
MMA fighter halts robbery. (Fanhouse)
Look at all those foreign college athletes! (USA Today)
Already doubting Zambrano, which is what happens when you’re down 1-0. (Chicago Tribune)
Rejected Gameday sign involves tea-bagging. (College Game Balls)
Fire and Brimstone for Belichick after comparing one of the NFL’s best LBs to a Patriots rookie. (Niners Nation)
Was A-Rod hoping for a rainout on the last weekend of the season because he had a ‘date’ with Tom Brady? (Inside Track)
Doc Rivers does a good deed; Orlando high school basketball coaches angered. (Boston Globe via Smackcaster)
88 Responses to “The Roundup: Fast Foot Joints are Dangerous”
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October 2nd, 2008 at 8:11 am
Car industry is slowing partially due to no credit to buy cars and have them on the lot… due to no cash in the system… the car dealers can’t get any money from creditors because the creditors can’t get any money to give them (you can do the math and figure the same thing will happen this fall when the farmers have no money to buy seed for the same reason and we will have far less FOOD)… which is the only reason I have heard FOR this massive buy-out. It will influx a cash short system with cash.
October 2nd, 2008 at 8:16 am
how did i know tennis would be at the top of the foreign athletes in college sports. even d3, which i have experience with is getting foreign players
October 2nd, 2008 at 8:16 am
TBL, are you a libertarian?
October 2nd, 2008 at 8:18 am
And fast foot joints… are somewhere Usain Bolt goes to practice?
October 2nd, 2008 at 8:18 am
I don’t know their platform, but a few people have said i sound like one. Not to get all political (there will be a quick-hitter later on about the debate tonight), but yesterday i had to get a new license and i changed my political affiliation from registered democrat to ‘no party.’
October 2nd, 2008 at 8:18 am
Seminoles rap…like a bad car wreck..can’t look away.
October 2nd, 2008 at 8:19 am
TBL, welcome to being a GDI!
October 2nd, 2008 at 8:19 am
sticky icky link doesnt work
October 2nd, 2008 at 8:21 am
The Canes and Noles – those guys are crap
/fixed
October 2nd, 2008 at 8:22 am
RE: McDonalds Heavyweight Champ
Dude, it was obviously a very hungry Tony Gwynn.
October 2nd, 2008 at 8:24 am
I tried to do the same a few months ago when I got my new license. But, the PA DMV I went to didn’t have “no party” or “independent” as choices on the computer.
October 2nd, 2008 at 8:24 am
I dont know how you ever registered Democrat if you were so against any sort of government regulations!
October 2nd, 2008 at 8:24 am
fixed, JT
October 2nd, 2008 at 8:26 am
Why isn’t Kate Mara more famous? Was the shiznit in The Shooter!
October 2nd, 2008 at 8:26 am
i’m young … you think i paid attention to politics in college or when i was right out of college?
October 2nd, 2008 at 8:26 am
Maggs – welcome back. Hey – I understand the need to inject cash in the short-term… that makes perfect sense. But wouldn’t it be more prudent to provide a government loan (or even a gift) without purchasing the crappy securities that are at the bottom of everything? For instance, couldn’t the government choose to inject 100 Billion to free up cash and then let the market take it’s course?
Also – I figured out yesterday that I am a Libertarian.
October 2nd, 2008 at 8:27 am
Oh yeah – 100 Billion <<< 700 Billion to 1.2 Trillion
October 2nd, 2008 at 8:32 am
Startling and scary footage of a man punching a 16-year-old girl in the face at McDonald’s.
The big mac is a muthafucka
MMA fighter halts robbery.
These guys aren’t so bad after all
October 2nd, 2008 at 8:34 am
Three weeks ago, i had two McGriddles. It may be months before I have another, but those things are delicious. Worth fighting over, for sure.
October 2nd, 2008 at 8:35 am
Anne Hathaway alert! She’s on GMA now, looking damn fine
October 2nd, 2008 at 8:37 am
Ou Mike,
I am all for letting crappy business go bankrupt due to high risk high reward choices gone bad, BUT we all are going to need to eat next year. This never should have been allowed to get to this point if the govt. had been doing its job. Also, our national debt is already so high that 700 billion wouldn’t even be a drop in the bucket. I don’t like it at all and I am really not for it (hey if my company went under I would be in the parking lot with a brown box as it should be), but our country runs on credit and I have to think the system will grind to a hault if some sort of bail-out is not agreed upon. The system needs to be able to give credit to suitable candidates and if we can’t even give cash to good lenders then we are all severely fucked.
October 2nd, 2008 at 8:38 am
Natinal Debt link didn’t work.
October 2nd, 2008 at 8:38 am
The Libertarian’s platform is good ideally, but not realistically. I agree with the majority of their view, just don’t beleive that they are applicable to 21st century society.
October 2nd, 2008 at 8:40 am
hathaway. awesome.
October 2nd, 2008 at 8:40 am
I’de like to bang Anne Hathaway while eating a decadent McGriddle.
October 2nd, 2008 at 8:42 am
Ron Paul! White Power!
October 2nd, 2008 at 8:42 am
here’s what i don’t get about the auto industry: So Chevy, as a business, is hurting. Uh … isn’t that the risk you take starting a business? Some will fail, and others will prosper?
And the thought that home builders need a bailout is a joke. Before anyone should be ‘bailed out’ or ‘rescued’ they should have to open their books to see how much money they made in the last 5-6 years. So if someone made – for sake of argument – $200 million in 2003, but they are hurting this year, please explain to me why they deserve any help?
This all just sickens me, i’ll stop before going off the edge …
October 2nd, 2008 at 8:44 am
Mara > Hathaway
Something about Hathaway just doesn’t work, maybe her mouth. Not nearly as hot as you would think she is the way TBL loves her….
October 2nd, 2008 at 8:44 am
The Canes and Noles – those guys are crap
Why do you have a Sean Taylor picture again?
October 2nd, 2008 at 8:45 am
Pizza Hut Tuscany Pasta = It’s decadent!!!
October 2nd, 2008 at 8:45 am
Prob the wrong place to ask…
These mortgage backed securities that have caused this mess, how are they constructed? I understand that some (10-100-10000?) sub-prime mortgages were “bundled” and bonds were created (like Milken and junk bonds?) and sold in the financial sector.
Who exactly owns the mortgages that comprise those bonds?
If the bond has a component mortgage that is in default what happens?
Is the interest paid by the borrower on a mortgage that is part of one of these bonds pooled or held in some proxy?
This shizz is very complicated and the reason why you don’t run 700 billion dollar bills through congress in a week. If the “geniuses” on Wall Street got burnt on this how in the hell is the federal government gonna get a handle on it?
October 2nd, 2008 at 8:47 am
I’m no mathematician (actually I sort of am), but while 10 trillion dollars is very large, $700 billion isn’t exactly “not a drop in the bucket.”
October 2nd, 2008 at 8:47 am
TBL,
I agree with you, but it is to a point that the free market won’t be able to right itself, due to a lack of cash. Price may equilize, but it won’t matter if nobody has any cash to pay with. It is sickening and I agree that poor business should fail (that is the point right?), but AIG and these banks got too big and failed an now we are all screwed. They have essentially gone bankrupt and rather then the banks taking control of the company and righting the ship (which is what happens in bankruptcy) the govt. is regulating it (which no doubt sucks), but the companies will have to pay back the govt. to get back out from underneath them and privatize again… Oh and this SHOULD NEVER BE ABLE TO HAPPEN AGAIN. I am looking at you Bush…
October 2nd, 2008 at 8:50 am
Irish – I didn’t say that both schools can’t produce good NFL talent. I was just implying that both programs have fallen off the map. I used to love the Miami/FSU rivalry, not so much anymore.
October 2nd, 2008 at 8:50 am
@Sean Jean,
It goes up 2.5 billion A DAY. So we are basically fast forwarding 3/4 of a year to avoid a great depression II, IMO.
October 2nd, 2008 at 8:51 am
I’de like to bang Anne Hathaway while eating a decadent McGriddle.
Me too.
October 2nd, 2008 at 8:52 am
Id put some sausage in her McGriddle.
October 2nd, 2008 at 8:53 am
The name of the guy who runs those ridiculous cuddle parties is Blubaugh. Indeed.
October 2nd, 2008 at 8:54 am
Maggs: I know, and that is a fair point, but I would rather the money be spent on equity rather than worthless assets. This is just like applying a bandaid with our fingers crossed. It could fix it, or it could just delay the inevitable and put us further in the hole.
October 2nd, 2008 at 8:54 am
Highschool basketball coaches and aau have ruined basketball for kids. Worry about that kind of shit when they get in college…even then who fucking cares…it’s basketball.
GO BILLS!!!
October 2nd, 2008 at 8:54 am
Herdatious, check this out
http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
October 2nd, 2008 at 8:54 am
Also, Anne Hathaway does nothing for me. I don’t get the obsession. Don’t get me wrong, she’s a perfectly attractive and nice looking lady, but that’s about where I’d leave it.
October 2nd, 2008 at 8:57 am
@ Maggs, I wouldn’t blame it all on Bush, although as the executive it naturally falls on him. This was years in the making. Banks like Fannie Mae and Freddie Mac were pushed by the Clinton administration into offering more subprime loans, which would be backed by the government.
October 2nd, 2008 at 8:58 am
@Hakeem
Agreed.
October 2nd, 2008 at 9:01 am
Because relaxing the standards for loans and encouraging to lend to less reputable borrowers started during Clinton’s years?
October 2nd, 2008 at 9:01 am
Hathaway and Mara are both in the geeky hot. Some pics they look average and yet in others, the hotness goes through the roof. (Side question: bang Mara and own parts of the Giants and Steelers OR be in the poor house with an every day serving of Megan Fox?)
And we are beginning to see the effects of the financial mess now: Credit card companies are demanding immediate payment and restricting limits. Auto dealers are having to turn away people with good credit away because they can’t get them financing. Small businesses are going into personal accounts to make payrolls and payments.
At some point, you have to take the hard medicine. We may hate losing the leg, but if it’ll kill you, then it has to go.
October 2nd, 2008 at 9:02 am
Also, Anne Hathaway does nothing for me. I don’t get the obsession.
Theres just something about her I liked her ever since she was on that fox sitcom. I dig her lips.
October 2nd, 2008 at 9:05 am
What sitcom?
October 2nd, 2008 at 9:05 am
Righteous Diesel .. sums it up much appreciated.
One more question. How is the slide in property values going to be stopped if neighborhoods are saturated with defaults that are owned by companies that don’t bother to keep the house in decent condition. Cut the grass, keep the crack heads out, and maintain some value.
It seems like the glut of inventory is going to continually devalue entire neighborhoods. (see michigan/california/colorado)
Note: I live in an area that has little to zero defaults and has a constant 5-10% appreciation. We didnt get a bump during the boom and havent been hurt by the crash. Being insulated makes it hard to evaluate this disaster.
October 2nd, 2008 at 9:11 am
Obama’s on Mike & Mike now..
October 2nd, 2008 at 9:12 am
Blaming Clinton is bullshit. I could see if this happened 1 or 2 years into a Presidents term. But, after 7 years, the current administration has to take ownership.
If it was such as problem, Bush and the republican congress should have written a new law/redacted the existing during the years they had majorities in both parts of Congress.
October 2nd, 2008 at 9:15 am
so property values are only supposed to go up and up forever? maybe that neighbor who defaulted shouldn’t have bought a 400k house if they only make 50k a year.
and blaming Clinton is low … not even Bill O’Reilly blamed Clinton.
October 2nd, 2008 at 9:16 am
I’m not blaming Clinton. I’m saying you can’t blame Bush. It’s convenient to blame everything that happens during 4 or 8 years on the President at the time, but 99 times out of 100, it would have happened no matter who was in the seat.
October 2nd, 2008 at 9:17 am
October 2nd, 2008 at 9:20 am
Absolutely not. I am only asking about who will take ownership of this glut of defaults? Will they bulldoze them? I doubt it. I wonder about the neighbor who did it the “right way” and is getting hammered because his neighborhood is turning into a scene from City of God.
October 2nd, 2008 at 9:21 am
Congress had a chance in 2005 to put some actual oversight on Freddie and Fannie. They dropped the ball.
October 2nd, 2008 at 9:22 am
even with the “emergency economic..whatever” not all of this bad paper is going to land on the treasury. i assume some banks wont take the gov’t terms or aren’t exposed to the point of insolvency or take over.
October 2nd, 2008 at 9:24 am
Here is a link outlining the proposal in 2005.
October 2nd, 2008 at 9:25 am
The story was published in 2003. My mistake.
October 2nd, 2008 at 9:26 am
You guys haven’t see the youtube of Democrats defending Fannie from a few years ago?
http://www.youtube.com/watch?v=3p1Wc2NFa3w
Nice, Barney Frank. Also note the Clinton interview at the end of the clip.
October 2nd, 2008 at 9:27 am
@Maggs – all great points… I think it would work in practice. My fear is that this “rescue” will end up being drafted to help a small subset of very wealthy people that will then return the help of Congress by contributing large amounts to their current and future campaigns. I have little to no faith in any politician… regardless of political affiliation.
October 2nd, 2008 at 9:27 am
Pre-fucking-cisely.
October 2nd, 2008 at 9:27 am
The finger pointing can be done at anyone and everyone over the last 20 years.
There have been changes in legislation to allow banks to get into the securities business, which has caused the derivative mess with MBS and credit swaps and hedge funds.
There were changes made to allow more sub-prime lending to allow those who couldn’t afford housing to buy a house.
There were opportunities to update these poorly constructed pieces of legislation over the last 8-10 years, but they weren’t taken.
Since all of this happened, we have had Republican and Democratic Presidents, we have had Republican and Democratic Congresses, and we have had a great number of our population get fat from all of it. No one wanted to stop it at the time because many Americans were living high off the credit hog.
It’s an incredibly disasterous event. I hope that the people in mainstream America understand that not helping the credit crisis will be a million times worse than assisting in it. I wish that were an exaggeration, but I just don’t think it is.
People in America haven’t saved any money. A great number of us don’t have the ability to survive 6 months without income. Inability to pay for the roof over your head, inability to pay for the automobile that you drive, inability to pay for gas for that car, inability to pay for food. Those are all things that may very well become normal in our country, and unfortunately they may happen sooner than later.
October 2nd, 2008 at 9:31 am
you must establish an emergency fund, 6 months of expenses…. Suzy Orman (i think)
October 2nd, 2008 at 9:33 am
Whose fault is that?
I am adopting a new policy for voting this election. If there is an incumbent on the ballot who voted for the bailout, I am voting for someone else (unless the challenger supports it as well, then I’ll go with lesser of evils). This includes McCain and Obama.
October 2nd, 2008 at 9:37 am
gimmeabeerman – welcome to the Libertarian party
October 2nd, 2008 at 9:38 am
Live Free or Die, bitches!!
/yeah I grew up in NH
October 2nd, 2008 at 9:38 am
Thank you.
October 2nd, 2008 at 9:38 am
Mike, slowly over the past 2 years I’ve begun to swing more and more over there. It’s still hard for me to vote for Barr because I think he’s very wrong on national security.
McCain’s vote for the bailout last night sealed and delivered Obama the Presidency.
October 2nd, 2008 at 9:39 am
you must establish an emergency fund, 6 months of expenses… your grandmother.
People used to do this as the norm. People who don’t now are living on a tight rope (myself included at the moment).
October 2nd, 2008 at 9:40 am
As Congress works on one of the most important pieces of economic legislation in a generation, a Washington research group has pointed out that more than 8 in 10 members of Congress don’t have a formal educational background in the business, economics, or finance fields.
The research by the Center for Economic and Entrepreneurial Literacy, which aims to educate the general public about finance issues, showed that about 14% have degrees in economics-related fields and just 6.7% specifically have an economics degree. More than 30% of members have degrees in politics and government, while 18% majored in humanities.
“It’s interesting that those who are responsible for solving the biggest economic crisis in generations don’t have the educational background to know the difference between commercial paper and copy machine paper,†said James Bowers, managing director of CEEL.
October 2nd, 2008 at 9:43 am
You guys haven’t see the youtube of Democrats defending Fannie from a few years ago?
You mean all those years that the republicans controlled the Presidency, House and Senate (including housing, banking and commerce committees) by air-tight majorities?
Quit blaming one party or the other for this: the blood is on everyone’s hands.
October 2nd, 2008 at 9:46 am
@Maggs- where is that comment from? Do you have a link or was that in your own words?
October 2nd, 2008 at 9:47 am
@Maggs: That’s the thing with Congressmen. If they could do a job where they’d get paid more money (finance, consulting, etc.), they would. They are too stupid to do anything else and make a lot of money, so they go stump in Washington.
October 2nd, 2008 at 9:49 am
I agree. But it’s bee pretty well-proven that Republicans, who were initially more responsible for causing the problem were for regulating Fannie Mae to fix those problems they caused, and it was repeatedly killed by Democrats who used it as a platform to cry racism as regulation would affect minorities the most.
October 2nd, 2008 at 9:50 am
Linkage
October 2nd, 2008 at 9:50 am
Hopefully this bailout makes people realize just how fucked up their government is and they actually take the time to be educated about the issues and their candidates instead of sitting around watching American Idol all the damn time.
/me, the idealist
Seriously, our government is very messed up. Apparently there was a meeting to discuss the AIG bailout that included only one group from the private sector – the chairman of Goldman Sachs (Paulson’s old stomping ground). Goldman Sachs was AIG’s “largest trading partner”. Why do you think AIG got a bailout and Lehman Bros. didn’t?
Fucked up corruption. Maybe people will get angry enough to do something. Or maybe we’re all lazy enough that we will let the government do everything for us.
October 2nd, 2008 at 9:50 am
I’m late to the party here (as usual), but I found a perfect summary to how the credit crisis is affecting “Main Street America”
http://msp.blogs.com/brianlambert/2008/09/the-day-our-hea.html#comment-132903203
October 2nd, 2008 at 9:52 am
I’m so glad I’m poor. This looks like it would really affect me otherwise.
October 2nd, 2008 at 9:58 am
@Maggs: Let’s not forget that these Congressmen all have many many advisors in all fields, such as economics. They don’t make their decisions only based on their own background. They have people who understand (maybe with the wrong point of view) what is going on giving them advice.
October 2nd, 2008 at 10:00 am
@NSR: Don’t confuse a few republicans with a crusade by republicans at large. They’ve ruled every national corridor of power for the past 8 years in a nearly unprecedented way: if they wanted to install more oversight they could have easily gotten it done.
Both sides were drunk and arrogant, and now there is no good answer other than do what we can today and plan for a better tomorrow.
If this bailout isn’t followed by intense regulatory oversight provisions then we’re all fucked.
October 2nd, 2008 at 10:01 am
From the link provided by HawkEye
This is exactly the way farmers purchase seed to grow crops… so this is kind of, sort of a HUGE deal.
October 2nd, 2008 at 10:02 am
It’s hard to fault the congressmen for doing what we wish they would always do, listen to us. Most of the calls/emails they received were at least 10 to 1 against the bailout, and with the election on the horizon, no way they’re going to offend the electorate.
October 2nd, 2008 at 10:04 am
@gimme a beer man
You don’t actually believe they fully utilize their advisors (see: LOBBYISTS) for what is actually correct decision making do you?
October 2nd, 2008 at 10:05 am
Sometimes the best thing they can do is what’s best for us, not what we want.
Kind of like this bail-out matched with regulatory changes.
October 2nd, 2008 at 10:47 am
Disturbed by that McDonald’s video.
October 2nd, 2008 at 10:52 am
Oh God no. Absolutely not. I wouldn’t trust those dumbasses to deliver me my newspaper.
October 2nd, 2008 at 10:56 am
@gimmeabeerman
Great links up there by the way. I didn’t know that about Paulson… this wreaks of corruption. You can tell with all the hasty “We need this pushed thru now, don’t ask questions.” BS. I thought that it resembled the Iraq invasion and passing of the Freedom Act soon as I started reading about it. Anytime someone asks that you make a hasty decision without actually reading the fine print, it is usually good for them and bad for you.