Open Thread: Catfish Edition

Submitted by Unique on Thu, 07/05/2007 - 7:01am.
chartreuse dog's picture

Interesting!

Submitted by chartreuse dog on Thu, 07/05/2007 - 7:22am.

Never heard it called a catfish amendment before, but here's an interesting tidbit. The Civil Rights Act of 1964, as originally proposed, prohibited discrimination based on race, color, religion, or national origin. A Southern member of the Congress thought adding sex would make it so unpalatable to the majority that the bill would fail. The best laid plans of mice and men . . .

Unique's picture

Hey Look -

Submitted by Unique on Thu, 07/05/2007 - 7:41am.

They're planning to shut the barn door after the horse has gotten out.

Isn't life amazing?

A 'NFS' moment:

"Brokers work with lenders to offer home buyers finance choices. But unbeknown to many borrowers, lenders give brokers financial incentives to steer home buyers into loans with higher interest rates, especially adjustable-rate mortgages. Some such loan rates can spike up brutally high."

chartreuse dog's picture

Imagine that!

Submitted by chartreuse dog on Thu, 07/05/2007 - 7:49am.

Loan money to people who can barely afford the initial payments, charge more interest than common decency allows and increase that interest rate at the earliest opportunity, and guess what? Some of them can't make the payments! I was just reading where Bear Stearn had to bail out one of their subsidiaries over just this kind of thing.

Unique's picture

Who's That?

Submitted by Unique on Thu, 07/05/2007 - 8:04am.

Bear Stearn

Is that somebody famous I should know about?

(yeah, I'm serious)(Bear Bryant I've heard of Bear Stern ... not so much)

chartreuse dog's picture

It's an investment company.

Submitted by chartreuse dog on Thu, 07/05/2007 - 8:26am.

that owns some hedge funds it now wishes it had not invested in.

Investors in a 10-month-old Bear Stearns (BSC) hedge fund are learning the hard way the danger of investing in risky bonds with borrowed money. The investment firm's High-Grade Structured Credit Strategies Enhanced Leverage Fund, as of Apr. 30, was down a whopping 23% for the year.

Unique's picture

Okay - the Link is edited out

Submitted by Unique on Thu, 07/05/2007 - 1:59pm.

I didn't. Who did? Why?

N&O complain?

It's there on the front page

Submitted by Linda on Thu, 07/05/2007 - 2:11pm.

just not here.

Unique's picture

Don't Laugh -

Submitted by Unique on Thu, 07/05/2007 - 2:22pm.

I hardly ever see the front page and I didn't know it was there...

FP? really? LOL

Not laughing....

Submitted by Linda on Thu, 07/05/2007 - 2:47pm.

{snicker}

chartreuse dog's picture

Here's

Submitted by chartreuse dog on Thu, 07/05/2007 - 3:27pm.

an update on the catfish story.

Unique's picture

That's funny

Submitted by Unique on Thu, 07/05/2007 - 3:47pm.

I could totally see myself saying that:

popular among Southern lawyers and politicians: "Hold still little catfish, all I'm gonna do is gut you."

Unique's picture

Another Mess of Catfish

Submitted by Unique on Fri, 07/06/2007 - 1:10am.

Good catch (not me - the fish)

Always use the right bait, right?

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