BTW, LONG is one-third of my distinguished nama for those who wanna know the blardy writHer behind Desiderata. Once in a w'ile, for virginal visitors who drop by MBH -- that's My Blue H'aven -- or LOST their way in cyberspace wandering here, poor souls, or sods! -- welcome thee this moUrn. Wit a choice of 3 goblets -- in Ag, Au or Pt. If you like aMore company, go seek Anak Merdeka ooouch! Bring her/him/it to men kee where all the women are luxurious and cutie, and the men charitable, and wary of wolves from B'g, B'd Wolfish ..... .......
You know Desi wellA, PR-ing since I started blogging on the Ides of March 2005 for CHANGE.
If Yesterday -- when my fave band riding a Beetle or Yellar Subs always entertained wit' WHEN ALL MY TROUBLES SEEM'D SO FAR AWAY! -- didn't end climactically enough with 40 cross-overs, nah mind. VVe had heard Dr Syed Husin Ali state... (not we had heard him stated, like one newspaper reported: Ms Tan heard Ismal Ahmad, or was it Ahmad Ismail -- uttered ...no difference-lah with some dickheads! -- as I was saying:
Ms Tan heard AI or IA uttered those racist remarks...
that blooper or Howler is inexcusable for journalists to commit -- as I told mytwopupils, Yes, I have two, don't you? -- in opening paragraph some more!
Why don't you blardy fellow/fella Bloggers who spin so well join the 4th esate? Some pay you TWO months bonus, and if you behave wellA, another 4-6 months, EX-GRATIA. Ex-gratia is defined, IMHO, as "payment made to recipient after which you must be grateful, just write what I tell you to!"
Now, please com back for the remaining tits, ooops, titbytes after my BF, it'snot CON because I still feel vely da socialistick. YOU haven't achieved climax, nah mind, we can go for D+1, D+2, D+3...since vvvvvvve have waited with patience for 51 years +16 dies, Yes!
UPDATEd @1.11PM:
Desi just finished two lunches at one go -- updating my non-partisan supporters of PKR on the 916 and the day/dies after.
To the first group:
Briefly, I showed them the frontpage of NST, Sept 17, 2008 -- for which I paid RM1.20 OK! --
PM calls
Anwar's
bluff
* The prime minister says Datuk Sei Anwar
Ibrahim's takeover plan is merely the
opposition leader's dream.
__________________
"If he has the
names, he should
reveal them...
Let all Malaysians
know ... the voters
also want to know.
They want to know
whether their MP
is running away
and joining a party
which they
had no intention to
vote for."
Datuk Seri Abdullah
Ahmad Badawi
DESIDERATA:
Yes, the term the NST used is a POKER GAME's.
And you have a PM half sleeping in the lady's chamber,
or living in self-denial, to make such a simpleton's
statement and request the other side to show his next card.
Or is the PM so ill-advised by 4th Floor idiots including wan called by a former PM as that combo of an Indian God
and a Taliban high priest
mouthing PR-thots (NO,
not that PR that Desi's
PRs for, okay!) in NST
page 6 todie. No, I won't
reprise it here for that be be close to being an accomplice to a mercenary act!
If Sdr Anwar were to reveal the names of the 40-odd MPs (also affirmed by
his Deputy Dr Syed Husin Ali to the press two Mondays ago at CPI website launch...) in PR's bag,
the PM's money-baggers would soon descend at their homes to either:
* top up the pocket money for the Taiwan holiday -- study trip? you think we were
born in 2002? Tell it to Ancient Mariner and Mindful Marine maybe! -- rumoured to be RM500,000 each;
** OR show them the BA file on their hanky/hankies-panky/pankies.
The best OPTION is for these MPs with a national conscience to hide out until the Palace summon thee, led by Anwar Ibrahim, for a royal audience.
That, I believe, is DSAI's next card.
I teach my nieces and nephews to play Poker during CNY without fail!
They did very well in their Add Maths to qualify for university, believe me, it's true.
I no swear; just bring bagfuls of USD, AUS, RM and rendezwoo in Furong.
I offer
endless
rounds of
tehtari"!
Meanwhile, some bad news just received,surf to my sext Post now!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Wednesday September 17, 2008 MYT 11:47:21 AM
US Government bails out AIG with US$85bil loan
WASHINGTON:For the second time this month, the US government intervened to bail out a private financial company, saying the failure of the huge insurer American International Group Inc. would further disrupt markets and threaten the already fragile economy.
The Federal Reserve said Tuesday it would provide up to US$85bil in an emergency, two-year loan to rescue AIG, which teetered on the edge of failure because of stresses caused by the collapse of the subprime mortgage market and the credit crunch that ensued.
In return, the government will get a 79.9% stake in AIG and the right to remove senior management.
The move was similar to the government's seizure on Sept 7 of mortgage giants Fannie Mae and Freddie Mac, where the Treasury Department said it was prepared to put up as much as US$100bil over time in each of the companies if needed to keep them from going broke.
Both moves were bound to raise questions about the use of taxpayer money to bail out private firms.
The Fed said it determined that a disorderly failure of AIG could hurt the already delicate financial markets and the economy.
Although little known off Wall Street, AIG does business with almost every financial institution in the world and insures US$88bil worth of assets including mortgages and corporate loans. Its failure could also "lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance,'' the Fed said in a statement.
The decision to help AIG marked a reversal from the government's move over the weekend, when it refused to use taxpayer money to bail out Lehman Brothers Holdings Inc.
Lehman, which filed for bankruptcy protection Monday, collapsed under the weight of mounting losses related to its real estate holdings.
The White House said it backed the Fed's decision Tuesday.
"These steps are taken in the interest of promoting stability in financial markets and limiting damage to the broader economy,'' White House spokesman Tony Fratto said.
After meeting with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke in a late-night briefing on Capitol Hill, Congressional leaders said they understood the need for the bailout.
"The administration is approaching an unprecedented step, but unfortunately we are living in unprecedented times.'' said Sen. Charles Schumer, a New York Democrat. "Hearing of these plans, you have to stop to catch your breath. But upon reflection, the alternatives are much worse.''
New York officials said the deal helps stave off a fiscal crisis for the state. "Policy holders will be protected, jobs will be saved,'' New York Gov. David Paterson said Tuesday night.
The Fed's move was part of a concerted push to help calm jittery markets and investors around the world.
On Tuesday, the Fed decided to keep its key interest rate steady at 2%, but acknowledged stresses in financial markets have grown and hinted it stood ready to lower rates if needed.
The central bank also pumped US$70bil into the nation's financial system to help ease credit stresses.
In emergency sessions over the weekend, the Fed expanded its loan programs to Wall Street firms, part of an ongoing effort to get credit flowing more freely.
The stock market, which Monday had its worst session since the Sept. 11 attacks, recovered Tuesday after the Fed's decision on interest rates. The Dow Jones industrials rose 141 points after losing 500 points on Monday.
AIG's shares swung violently, though, as rumors of potential deals involving the government or private parties emerged and were dashed.
By late Tuesday, its shares had closed down 20% and another 45% after hours.
The problems at AIG stemmed from its insurance of mortgage-backed securities and other risky debt against default.
If AIG could not make good on its promise to pay back soured debt, investors feared the consequences would pose a greater threat to the U.S. financial system than this week's collapse of the investment bank Lehman Brothers.
The worries were heightened Monday after Moody's Investor Service and Standard and Poor's lowered AIG's credit ratings, forcing AIG to seek more money for collateral against its insurance contracts.
Without that money, AIG would have defaulted on its obligations and the buyers of its insurance -- such as banks and other financial companies -- would have found themselves without protection against losses on the debt they hold.
"It might not just bring down other financial institutions in the U.S. It could bring down overseas financial institutions,'' said Timothy Canova, a professor of international economic law at Chapman University School of Law.
"If Lehman Brother's failure could help trigger AIG's going down, who knows who AIG's failure could trigger next.''
New York-based AIG operates insurance and financial services businesses ranging from property, casualty, auto and life insurance to annuity and investment services.
Those traditional insurance operations are considered healthy and the National Association of Insurance Commissioners said "they are solvent and have the capability to pay claims.'' -- AP
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