Category Archives: Morgan Stanley

You Can’t Handle The Hot Air!

Gaming The Game

It’s not often I like, respect, or even tolerate being in the same room with a big player in the high finance industry. Economists, business professors, money managers, investment bankers and the like are, by and large, glorified door-to-door salesmen.

From "Pee-Wee's Playhouse"

They sell hope. They swear up and down their primary interest in life is to serve you, the customer. They purport to foresee the future. Smugly and with stunning hubris, they convey the notion that they and they alone can understand the global economy. In that sense, they are as priests.

So, here’s a shocker: I really dig and respect a fellow named Steve Eisman.

Eisman

Steve Eisman

He gained a modicum of fame with his appearance in the Michael Lewis book, The Big Short. At the time Lewis wrote of him, Eisman was a financial analyst who studied the health and well-being of outfits like Household Finance Corporation and other reprobate entities that suckered millions of people into taking out subprime loans then turned around and peddled those loans to other suckers looking for a quick and easy buck. You know, the industry that nearly brought down the world economy six or so years ago.

While studying these firms, Eisman came to understand long before most other so-called experts that not only was the game rigged, it was designed to fuck the greatest number of participants possible. Its practitioners made hundred of millions — nay, billions — capitalizing on the ignorance, greed, and credulousness of others.

At one point, Eisman attended a luncheon conference at which the featured speaker would be the CEO of a big savings and loan. Eisman told Lewis someone in the audience filled with industry insiders and reporters asked the CEO what he thought about the free checking that many banks used as a come-on.

And he said, ‘Turn off your tape recorders.’ Everyone turned off their tape recorders. And he explained that they avoided free checking because it was really a tax on poor people — in the form of fines for overdrawing their checking accounts. And that the banks that used it were really just banking on being able to rip off poor people even more than they could if they charged them for their checks.

Eisman said to Lewis: “That’s when I decided the system was really, ‘Fuck the poor.'”

Now there’s a priest who’s looking to be defrocked.

Anyway, Eisman now works for a Morgan Stanley-owned subsidiary. He’s a senior portfolio manager specializing in shorting subprime home loans. But dig: He also works tirelessly to stem the growing tide of for-profit colleges and universities.

He said this to attendees pf a 2010 conference:

Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven to equal to the task.

Tell it, preacher.

Zeeda Explains It All

This dame is a beaut!

Miss Zeeda Andrews

He-e-e-ere’s Zeeda!

Miss Zeeda Andrews is one of the organizers of that failed Million-Trucker March that was s’posed to shut down Washington and the fed gummint (sorry, boys and girls, the Me Party-ers beat you to it). Turns out she makes the Birthers look like, well, sane people.

Miss Zeeda Andrews believes…, ready for it? Can you handle it? Sit down now!

Barack Obama and Osama bin Laden are the same person!

Woohoo! This is the freaking best conspiracy theory of all time!

Jesse Ventura — hang up your magnifying glass, meerschaum pipe, and your official Sherlock Holmes Double-Brimmed Detective Cap®! You ain’t got nuffin’ on Miss Zeeda Andrews!

Man, that’s seven exclamation points in the first ten sentences (and here’s another one)! This breaking news deserves five million EPs (shorthand for exclamation point, duh!) Hey, how ’bout if we change the name of this communications colossus to Exclamation Point!? Same initials and all, no?

Maybe not. Anyways, like all conspiracy theorists everywhere, Miss Zeeda Andrews adds two plus two and comes up with some number ju-u-u-ust about as long as the latest calculation of pi by those eminent math geeks Alexander Yee and Shigero Kondo, which, BTW, is 10 trillion digits. Yeah, that’s about the size of the figger that Miss Zeeda Andrews comes up with. To wit: Here she is referring to the tragic helicopter crash that killed a bunch of Navy SEALs not terribly long after other such highly trained Mission Impossible-y type dudes carried out the contract on ObL. Natch, the crash was a set-up so that…, oh, lemme let her explain it:

The fact that these soldiers were set up to die in a no-return operation is obvious; they had knowledge that Obama didn’t want leaked. This is the SEALs that killed Osama bin Laden. I don’t believe this story. He is alive. Call me crazy but Osama bin Laden is our President Obama. Do your research! The CIA has been preparing for this since he was a boy. They have the same height, bone structure, hand and ears. Both are left-handed. The Osama face was created by Hollywood. The fox is in the hen house.

Busted! You know, these arch-villain conspirators keep on forgetting that the Wingnut-iverse is chock full of the sharpest-eyed folks in the whole gol-durned world.

Miss Zeeda Andrews, who (we are told by Greta Van Susteren) is also a country singer, told The Fox News legal affairs correspondent the other day what the Zillion Trucker March would be all about:

We want the President of the United States removed from office. He is a threat to our national security. He is a threat to our way of life. He is a threat to our future generations.

So, by the time you read this sometime today (Sunday), former Prez Barack Osama bin Obama will be locked up in some max-security cell for the criminally brown, awaiting trial by the Posse Comitatus set up by none other than Jillion Trucker March organizer (and country singer) Miss Zeeda Andrews.

Before his trial begins, though I have some questions. The fox is in the hen house? WTF? Does this mean all good, white Murricans are lady chickens? And Barack Adolf Stalin bin Laden John Gacy Obama is a fox? And is that fox used in the 1970s, Burt Reynolds/Robert Redford sense? Is Miss Zeeda Andrews telling us that she gets turned on by the world’s most famous Kenyan? Can’t be, can it?

I did a little digging and found this on Miss Zeeda Andrews’ Facebook page:

Deranged Meme

She’s also a big fan of a fellow by the name of Joel Skousen, a survivalist who is certain that members of the US Gummint are aiding the Russkies and the Chinese in a plot to launch a nuclear attack against this holy land. He’s also the nephew of Cleon Skousen, who was a big John Birch-er and end-times fanatic.

Birds of a feather, y’know.

Fellow liberals, progressives, and coffeehouse radicals, this is the opposition! If we can’t beat these basket-weavers, we are a sorry lot indeed.

Miss Zeeda Andrews invites us to call her crazy. We are more than happy to comply.

[Big Mike Note: I cleaned up some of the grammar, usage, and punctuation of Miss Zeeda Andrews’ YouTube comment represented above. Apparently, Christian American is her second language.]


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