Tuesday, September 30, 2008
Subscribe to:
Post Comments (Atom)
Disclaimer
We are in no way affiliated with the Pittsburgh Penguins of the National Hockey League.
In accordance with the Fair Use Copyright Law, The Pensblog uses logos and registered trademarks of the National Hockey League to convey our criticism and inform the public.
Photos on The Pensblog are used without permission but do not interfere with said owner's profit.
If you own a specific image on this site and want it removed, please e-mail us (thepensblog@gmail.com) and we will be happy to oblige.
wooo
In accordance with the Fair Use Copyright Law, The Pensblog uses logos and registered trademarks of the National Hockey League to convey our criticism and inform the public.
Photos on The Pensblog are used without permission but do not interfere with said owner's profit.
If you own a specific image on this site and want it removed, please e-mail us (thepensblog@gmail.com) and we will be happy to oblige.
wooo

15 comments:
Pens should sign Khabibulin.
crazy shit.
I predicted it in November 2004.
Oh well.
Way to go, Jorge.
@turk from the last post...
I love my little brother in PHX!!!
Preseason or not, they matter to him; so I see some celebrating tonight!
I hope Peter remembered to send that guy a bill for one penny and an "I Told you so" note. Good stuff from him.
By the way, this crisis is just as serious as you might think considering the coverage, if not more so. My work has me directly tied to some of America's biggest insurance companies, including AIG, and expect things to get a good bit worse before they get any better. Pray that those in charge of the 'states and other free market countries make the right choices in trying to bring an end to this skid.
Other news, a few days ago, the Rangers pulled the plug on the Petr Nedved project.
I saw the Rangers a few days ago. They looked like shit. Naslund looked good though. They lack in the offensive skills though. they should have payed him for a year's service, especially if they're not signing Shanny.
You could've called this 20 years ago when corporations such as car companies started handing out rebates worth up to $10,000 that everyone took advantage of.
Rebates like that only work when the majority of people fail to use them (Like how the government can guarantee $35k+ to everyone who enlists in the military for school for a small deduction of $1,200 from said enlistee. i.e. the majority of the people don't use the G.I. Bill which ='s profit for the government)
I hope Peter remembered to send that guy a bill for one penny and an "I Told you so" note. Good stuff from him.
Quoted for truth. Goddamn.
I'm scared to see where the economy is going to be in January, let alone in another year
@ pitthockey
yeah i concur. called it in 04, and also 2000.
oh yeah, well i called it in '99.
Admittedly, it will be kinda neat to go grocey shopping with a wheelbarrow full of cash.
I don't know jack shit about economics, but I can't see how this wasn't eminently predictable. You had a whole group of people who made bad loans. Then you had another group of people who bought those bad loans for speculation, always a dangerous pasttime. Finally, you had another group of people who insured all those bad loans.
And no one saw this coming?
Combined with the removal of bankruptcy protections and you created a situation where it makes more sense for people to keep paying their credit cards and walk away from their mortgages, leaving the banks holding the bag.
i called it in 1980, 1 year before i was conceived, so yeah
It was pretty clear the economy was going to hit the wall, it was a question of when. If someone said it in 2006, and shorted the stock market, they would have lost a ton of money b/c they stock market continued to go up well into 2007. So this isn't that impressive at all. Call you Congressman and tell them to support the bailout or this country is going into a depression. That includes main street and wall street.
Post a Comment