Friday, April 30, 2010

Quick! Spray Some Empathy!

German and English researchers have come up with a hormonal nasal spray that increases male feelings of empathy 48 men were exposed to a spray,half of them laced with Oxytocin, half on a placebo. The Oxytocin group experienced an enhanced feeling of fellow-feeling -- at a level felt typically by women and not men.

As one of the researchers put it: "This study is the latest of several to suggest that intranasal oxytocin seems to 'sensitize' people to become more aware of soical cues from other individuals."

But on Salon, Judy Mandelbaum worries:


This stuff sounds like relationship Viagra, and I suppose now's the time to throw in a joke about nasal sprays for putting the toilet seat back up and taking out the trash. Ha-ha. But the real question might be just how "touchy-feely" women really want the men in their lives to be. Isn't part of the appeal of men their ability to just be there and listen to you without automatically verbalizing every thought that flits through their head? Do we really want their eyes to mist over when we can hardly hold back our own tears? And can't a certain aloofness in a relationship allow trust and love to grow? Alas, the research has nothing to say about such matters.

I'm not rushing out to get this spray, but I'll certainly try it if they give out free samples. I could certainly use an infusion of empathy.

Wednesday, April 28, 2010

Let the Debate Begin

The Republicans caved, as expected.
Here's how the WSJ summarizes the Dodd legislation.

We can only hope the Dems will strengthen the law -- breaking up the big banks; bolstering the consumer protection provisions. The mood is there, but what about the leadership? Unfortunately it will probably not come from the White House.

Speaking of leadership... No way would Barry Goldwater ever have backed this proposed Arizona law.

The Bad Guys



So here's the deal Goldman gets grilled; Goldman makes more money. That's the reality. That's why Bankfraud and Co. have to be broken.

I love Sen Claire McCaskill. Love her.

Be clear. The economy was wrecked by Wall St. The economy of the richest country in the world was ruined by the greed of the white guys who testified before Carl Levin's Subcommittee today. They are not doing God's work. They are pulling the rug out from under us.

Monday, April 26, 2010

A Plan for Wall Street

I don't care about the cloture vote, or the next one, or any of the politicking. I do care about the Goodman testimony tomorrow, but I expect heavily lawyered discourse. I'm pretty sure, however, that Fab and Blankfraud will provide some nice quotables.

The only thing I care about is the reform itself.

To wit:

Too big to fail? Let 'em fail. Or more to the point: break them up. Break up the six biggest banks: Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley -- together representing 63% of GDP.

Implement the so-called Volcker Rule. Volcker calls for the separation of commercial and investment banking. "I would exclude from commercial banking institutions, which are potential beneficiaries of official (i.e., taxpayer)financial support, certain risky activities entirely suitable for our capital markets. That would include internal hedge funds, internal private equity funds, and proprietary trading. (Thanks for this summary to Johnson & Kwak's 13 Bankers).

Don't put consumer protection into the Fed, but make it strong and independent as proposed by TARP overseer Elizabeth Warren. Put Prof. Warren in charge of consumer protection.

Fire Tim Geithner and Larry Summers, because they are too friendly to Wall Street and their present commitment to reform is too little too late. I'd name Dean Baker to Treasury. Not only was he one of the few who saw the shitstorm coming, he also never attended an Ivy League institution.

By cutting banks' size and other actions, restrict executive compensation.

Obviously, make derivatives transparent.

That's all. I think that's about what it takes. I don't expect Republican support; they will have to be embarrassed into going along.

The real challenge is to win over Congressional Democrats and the White House. Most problematic could well be the administration. The White House/Wall St.axis has been thriving for a long time. President Obama should be reading the collected speeches of FDR to strengthen his spine. Might help.

Sunday, April 25, 2010

Hawking's Aliens



I just saw a really stupid show on television: Into the Universe with Stephen Hawking on the Discovery Channel. Discovery likes sensationalism, and this was no different. Hawking speculating on alien life in the universe. Nothing new. He thinks there is almost certainly alien life "out there" pretty much because the universe is vast and ruled by evolution. So what, I say. I have never felt that human life on earth can't be a "one off" just because of apparently long odds. It's a logical fallacy. The show had lots of cartoons that looked like they were created by Pixar, and cost a lot of money. Still stupid.

Saturday, April 24, 2010

The Big Short

This tells you all you need to know about what Mr. Blankfein calls "the mortgage mess" as we enter a week of what should be intriguing committee hearings. The NYT definitely has the Pulitzer bit between its teeth.

Friday, April 23, 2010

Immigration Showdown



Arizona Gov. Jan Brewer has signed into law a prohibition on any immigrant being in her state illegally. Opponents have accused her of opening the gates to racial profiling of Latinos. Pres. Obama has called the law "misguided." He also calls for comprehensive immigration reform, which probably has a snowball's chance in hell of success, given the current Palinesque mood of big parts of the population, as well as the high level of unemployment.

daily menace

Mr. B




Here's what Lloyd Blankfein says: ""If you examine our practices on compensation, you will see a complete correlation throughout our history of having remuneration match performance over the long term."

As too theere is a correlation between Mr. Blankfein's remuneration and the hundreds of thousands of mortgage holders who lost their homes.

I'm depending on Fabrice Tourre, who I am sure will be thoroughly prepped by Goldman lawyers, to explain the scam.

Thursday, April 22, 2010

Fabulous Fab




Here's how the Times's DealBook describes the only individual named in the Doldman-SEC suit, Monsieur Fabrice Tourre:

Advertise on NYTimes.com
Investment Banking
Fabrice Tourre: Fabulous or Fatally Flawed?
April 19, 2010, 1:49 pm

Fabrice Tourre, the 31-year-old Goldman Sachs vice president cited by the Securities and Exchange Commission in its accusation of securities fraud against the firm, is a graduate of one of France’s oldest and best known engineering schools, the École Centrale Paris, where he studied from 1998 through 2000.

His degree at the school, which is among France’s grandes écoles, was a bachelor’s in mathematics, and his path to Goldman Sachs was not uncommon for elite French students with a background in formal math. Demand for quantitative skills has grown on Wall Street in recent decades, especially in areas like structured finance. On Monday, Goldman said that Mr. Tourre was taking “a bit of time off,” but that he was still an employee of the firm, Reuters reports.

Before going to École Centrale, Mr. Tourre attended two equally famous preparatory high schools — Louis LeGrand and Henri IV — both feeders to the universities that create France’s governing elite. After the École, he attended Stanford University and obtained a one-year M.S. in management science and engineering, the school said.

On another Web site, Viadeo, the French equivalent of LinkedIn created by a fellow École central alum, Mr. Tourre describes himself on his résumé — now erased — as being a “trader/structurer of exotic derivatives.”

Mr. Tourre’s Facebook photo, above, has been widely circulated on the Internet.

Mr. Tourre joined Goldman Sachs in 2001, was based in New York when the 2007 deal happened between John A. Paulson’s hedge fund, Paulson & Company; ACA Management and the eventual clients like IKB Deutsche Industriebank that bought the synthetic collateralized debt obligations. The Wall Street Journal reports that he earned $2 million that year — regardless of how much Goldman Sachs lost on the Paulson-ACA trade (see the marketing material for it here).

In November 2008, he was sent to Goldman’s London office as an executive director, where he was given the jobs of setting up a similar program, The Journal reported. Mr. Tourre has hired Pamela Chipega, a lawyer at Allen & Overy, as counsel, the law firm said, while declining to comment further.

The S.E.C. case revolves around how much say Mr. Paulson had in building the portfolio that he would eventually short, whether that role was disclosed to ACA and those who eventually bought the C.D.O.’s, and if Goldman’s clients were given the impression that Mr. Paulson’s interest was aligned with theirs on the deal, or against them.

Mr. Tourre’s words, like Henry Blodget’s before him, have come back to haunt him after the crash, with the the S.E.C. citing two especially colorful bits in its filing:

[P]ortions of an e-mail in French and English sent by Mr. Tourre to a friend on Jan.23, 2007 stated, in English translation where applicable: “More and more leverage in the system, The whole building is about to collapse anytime now … Only potential survivor, the fabulous Fab[rice Tourre] … standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!” Similarly, an e-mail on Feb. 11, 2007 to Mr. Tourre from the head of Goldman’s structured product correlation trading desk stated in part, “the cdo biz is dead we don’t have a lot of time left.”

Fabulous or fatally flawed? Not only is the jury out, it hasn’t even convened yet.

Meanwhile, the Democrats are treating the charges as new fuel for their campaign to pass the financial regulatory bill and have bought a sponsored link from Google for the search words “Goldman Sachs SEC” that takes you to my.barackobama.com.

–Chris V. Nicholson

Random fact: Lloyd Blankfein is worth (net) 9.5 billion Fabulous Fab made 2 million last year.

Random fact 2: Goldman Sachs said its first-quarter earnings almost doubled to $3.3 billion as its trading business again surpassed the rest of the financial industry
J
Here's next Tuesday's batting order:

Hearings
Email Print
Wall Street and the Financial Crisis: The Role of Investment Banks
Permanent Subcommittee on Investigations

Tuesday, April 27, 2010
10:00 AM
Dirksen Senate Office Building, room 106
The Permanent Subcommittee on Investigations has scheduled a hearing, "Wall Street and the Financial Crisis: The Role of Investment Banks," on Tuesday, April 27, 2010, at 10:00 a.m., in Room 106 of the Dirksen Senate Office Building.

This hearing will be the fourth in a series of Subcommittee hearings examining some of the causes and consequences of the recent financial crisis. The fourth hearing will focus on the role of investment banks in the securitization of residential mortgage related products, and the development, marketing, and trading of residential mortgage related structured financial products such as collateralized debt obligations (CDOs) and credit default swaps (CDS). The hearing will also review certain investment and trading activities of investment banks that involve residential mortgage based securities and related products. A witness list follows:


Panel 1

* DANIEL L. SPARKS
Former Partner, Head of Mortgages Department
The Goldman Sachs Group, Inc.
* MICHAEL J. SWENSON
Managing Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.
* JOSHUA S. BIRNBAUM
Former Managing Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.
* FABRICE P. TOURRE
Executive Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.

Panel 2

* DAVID A. VINIAR
Executive Vice President and Chief Financial Officer
The Goldman Sachs Group, Inc.
* CRAIG W. BRODERICK
Chief Risk Officer
The Goldman Sachs Group, Inc.

Panel 3

* LLOYD C. BLANKFEIN
Chairman and Chief Executive Officer
The Goldman Sachs Group, Inc.

Wednesday, April 21, 2010

A really important question




Do you like burgers? How about bacon? Any feelings about peanut butter? If you're already salivating over the thought of those three things married together in the sacred Chapel of Your Divine Mouth Hole, then mark your calendar for THIS Saturday, when Shake Shack will be selling a new Peanut Butter & Bacon Burger for just $5.50. A student reporter for NYUNews was at the Upper West Side Shake Shack last weekend, on the very day that they were experimenting with the item. He writes:



When they say "peanut butter bacon burger," understand that they mean just that — a peanut butter bacon burger, with a big ol' slab of meat slathered in gooey, dripping peanut butter and topped with a few large squares of thick, chewy bacon, all sandwiched between Shake Shack's signature sweet bun. By the time they'd handed me the creation, the peanut butter had already dripped out of it and gotten all over the paper wrap. Hot liquid peanut butter flew everywhere with every bite, covering my hands and face with an uncomfortable stickiness that necessitated licking up because no army of napkins could ever be large enough to wipe up the brown goober goo.

Sounds like heaven, eh? Well, you can secure your ticket to paradise on Saturday—but only at the Upper West Side location. Shake Shack's rep tells us that they never intended to offer it again, but it was such a hit last Saturday, they decided to bring it back for an encore. They have no plans to offer it again after this. Extinction is forever, people.

Quick Thumbs

I see where kids now text more than they talk on the phone.

Didn't texting start only a few years ago?

Texting is fast, and you can do it anywhere, no matter how noisy the environment.

Most texters use the indigenous abbreviations: r u there; c u later etc.

The study that revealed this says kids text cause their parents don't know what they're saying, but they still use the phone to talk to their parents.

I'm proud of my texting abilities at 68, though I am painfully slow. Watch kids text. They are unbelievably fast.

In a way, it's a flashback to the telegraph.

______________________________________________________________________________




Text Messaging and Chat Abbreviations
A Guide to Understanding Text Messages, Chat Acronyms, and Twitter Messages
Last updated: March 26, 2010 (1,255 entries)

If you have ever received an instant message or text message that seemed to be written in a foreign language, this Webopedia Quick Reference will help you decipher the text chat lingo by providing the definitions to more than 1,200 chat, text message, and Twitter abbreviations.

With the popularity and rise in real-time text-based communications, such as Twitter, instant messaging, e-mail, Internet and online gaming services, chat rooms, discussion boards and mobile phone text messaging (SMS), came the emergence of a new language tailored to the immediacy and compactness of these new communication media. hile it does seem amazing that there are more than 1,000 text messaging abbreviations, it is important to remember that different chat abbreviations are used by different groups of people when communicating online. Some of the following chat abbreviations may be familiar to you, while others may be foreign because they are used by a group of people with different online interests and hobbies than your own. For example, people playing online games are likely to use chat abbreviations that are different than those used by teenagers texting on their cell phone or abbreviations used by someone updating a financial blog.

Numbers & Characters A B
Numbers & Characters
? I have a question
? I don't understand what you mean
?4U I have a question for you
;S Gentle warning, like "Hmm? what did you say?"
^^ Meaning "read line" or "message above"
<3 Meaning "sideways heart" (love, friendship)
<33 Meaning "heart or love" (more 3s is a bigger heart)
@TEOTD At the end of the day
.02 My (or your) two cents worth
121 One-to-one (private chat initiation)
1337 Leet, meaning 'elite'
143 I love you
14AA41 One for all, and all for one
19 Zero hand (online gaming)
10X Thanks
1CE Once
1DR I wonder
2 Meaning "to" in SMS
20 Meaning "location"
2EZ Too easy
2G2BT Too good to be true
2M2H Too much too handle
2MI Too much information
2MOR Tomorrow
2NTE Tonight
4 Short for "for" in SMS
411 Meaning "information"
404 I don't know
411 Meaning 'information'
420 Lets get high
420 Meaning "Marijuana"
459 Means I love you (ILY is 459 using keypad numbers)
4COL For crying out loud
4EAE Forever and ever
4NR Foreigner
^5 High-five
511 Too much information (more than 411)
555 Sobbing, crying. (Mandarin Chinese txt msgs)
55555 Crying your eyes out (Mandarin Chinese txt msgs)
55555 Meaning Laughing (In Thai language the number 5 is pronounced 'ha'.)
6Y Sexy
7K Sick
831 I love you (8 letters, 3 words, 1 meaning)
86 Over
88 Bye-bye (Mandarin Chinese txt msgs)
88 Hugs and kisses
9 Parent is watching
Meaning "smile"
*s* Meaning "smile"
*w* Meaning "wink"


A
A3 Anytime, anywhere, anyplace
AA As above
AAF As a matter of fact
AAF As a friend
AAK Asleep at keyboard
AAK Alive and kicking
AAMOF As a matter of fact
AAMOI As a matter of interest
AAP Always a pleasure
AAR At any rate
AAS Alive and smiling
AASHTA As always, Sheldon has the answer
(Bike mechanic Sheldon Brown)
AATK Always at the keyboard
ABC Already been chewed
ABT About
ABT2 Meaning 'About to'
ABTA Meaning Good-bye (signoff)
ACD ALT / CONTROL / DELETE
ACDNT Accident (e-mail, Government)
ACK Acknowledge
ACPT Accept (e-mail, Government)
ACQSTN Acquisition (e-mail, Government)
ADAD Another day, another dollar
ADBB All done, bye-bye
ADD Address
ADDY Address
ADIH Another day in hell
ADIP Another day in paradise
ADMIN Administrator
ADMINR Administrator (Government)
ADN Any day now
ADR Address
AE Area effect (online gaming)
AEAP As early as possible
AF April Fools
AFC Away from computer
AFAIAA As far as I am aware
AFAIC As far as I am concerned
AFAIK As far as I know
AFAIUI As far as I understand it
AFAP As far as possible
AFJ April Fool's joke
AFK Away from keyboard
AFZ Acronym Free Zone
AFPOE A fresh pair of eyes
AH At home
AIAMU And I am a money's uncle
AIGHT Alright
AIR As I remember
AISB As it should be
AISB As I said before
AISI As I see it
AITR Adult in the room
AKA Also known as
ALCON All concerned
ALOL Actually laughing out loud
AMAP As much as possible
AMBW All my best wishes
AML All my love
AMOF As a matter of fact
AO Anarchy Online (online gaming)
AOE Area of effect (online game)
AOM Age of majority
AOM Age of Mythology (online gaming)
AOTA All of the above
AOYP Angel on your pillow
APAC All praise and credit
AQAP As quick (or quiet) as possible
ARE Acronym rich environment
ASIG And so it goes
ASAP As soon as possible
A/S/L Age/sex/location
ASL Age/sex/location
ASLA Age/sex/location/availability
AT At your terminal
ATB All the best
ATEOTD At the end of the day
ATM At the moment
ATSITS All the stars in the sky
ATSL Along the same line (or lines)
AWC After awhile crocodile
AWESO Awesome
AWOL Away without leaving
AWOL Absent without leave
AYDY Are you done yet?
AYEC At your earliest convenience
AYOR At your own risk
AYSOS Are you stupid or something?
AYS Are you serious?
AYT Are you there?
AYTMTB And you're telling me this because
AYV Are you vertical?
AZN Asian


B
B Back
B& Banned
B2W Back to work
B8 Bait (person teased or joked with, or under-aged person/teen)
B9 Boss is watching
B/F Boyfriend
B/G Background (personal information request)
B4 Before
B4N Bye for now
BAG Busting a gut
BA Bad *a*
BAK Back at keyboard
BAS Big 'butt' smile
BASOR Breathing a sigh of relief
BAU Business as usual
BAY Back at ya
BB Be back
BB Bebi / Baby (Spanish SMS)
BBC Big bad challenge
BBIAB Be back in a bit
BBIAF Be back in a few
BBIAM Be back in a minute
BBIAS Be back in a sec
BBL Be back later
BBN Bye, bye now
BBQ Barbeque, "Ownage", shooting score/frag (online gaming)
BBS Be back soon
BBT Be back tomorrow
BC Because
B/C Because
BC Be cool
BCNU Be seeing you
BCOS Because
BD Big deal
BDAY Birthday
B-DAY Birthday
BDN Big darn number
BEG Big evil grin
BF Boyfriend
BFAW Best friend at work
BF2 Battlefield 2 (online gaming)
BF Best friend
BFF Best friends forever
BFFL Best friends for life
BFFLNMW Best friends for life, no matter what
BFD Big freaking deal
BFG Big freaking grin
BFFN Best friend for now
BFN Bye for now
BG Big grin
BGWM Be gentle with me
BHL8 Be home late
BIB Boss is back
BIBO Beer in, beer out
BIF Before I forget
BIH Burn in hell
BIL Brother in law
BION Believe it or not
BIOYA Blow it out your *a*
BIOYN Blow it out your nose
BISFLATM Boy, I sure feel like a turquoise monkey! (unverified)
BITMT But in the meantime
BL Belly laugh
BLNT Better luck next time
BM Bite me
BME Based on my experience
BM&Y Between me and you
BOB Back off *buddy*
BOE Meaning "bind on equip" (online gaming)
BOL Best of luck
BOLO Be on the look out
BOOMS Bored out of my skull
BOP Meaning "bind on pickup" (online gaming)
BOSMKL Bending over smacking my knee laughing
BOT Back on topic
BOT Be on that
BOYF Boyfriend
BPLM Big person little mind
BRB Be right back
BR Best regards
BRBB Be right back *babe*
BRNC Be right back, nature calls
BRD Bored
BRH Be right here
BRT Be right there
BSF But seriously folks
BSOD Blue screen of death
BSTS Better safe than sorry
BT Bite this
BT Between technologies
BTA But then again
BTDT Been there, done that
BTW By the way
BTYCL Meaning 'Bootycall'
BUBU Slang term for the most beautiful of women
BWL Bursting with laughter
BYOB Bring your own beer
BYOC Bring your own computer
BYOP Bring your own paint (paintball)
BYTM Better you than me

C
C&G Chuckle & grin
C4N Ciao for now
CAD Control + Alt + Delete
CAD Short for Canada/Canadian
CAM Camera (SMS)
CB Coffee break
CB Chat break
CB Crazy *b*
CD9 Code 9, Meaning "parents are around"
CFS Care for secret?
CFY Calling for you
CIAO Good-bye (Italian word)
CICO Coffee in, coffee out
CID Crying in disgrace
CID Consider it done
CLAB Crying like a baby
CM Call me
CMB Call me back
CMAP Cover my *a* partner (online gaming)
CMIIW Correct me if I'm wrong
CMON Come on
CNP Continued (in) next post
COB Close of business
COH City of Heroes (online gaming)
COS Because
C/P Cross post
CP Chat post (or continue in IM)
CR8 Create
CRAFT Can't remember a *freaking* thing
CRB Come right back
CRBT Crying really big tears
CRIT Meaning "critical hit" (online gaming)
CRS Can't remember *stuff*
CSG Chuckle, snicker, grin
CSL Can't stop laughing
CSS Counter-Strike Source (online gaming)
CT Can't talk
CTC Care to chat?
CTHU Cracking the *heck* up
CU See you too
CU See you
CU2 See you
CUA See you around
CUL See you later
CULA See you later alligator
CUL8R See you later
CUMID See you in my dreams
CURLO See you around like a donut
CWOT Complete waste of time
CWYL Chat with you later
CYA See you
CYAL8R See you later
CYE Check your e-mail
CYEP Close your eyes partner (online gaming)
CYO See you online

D
D2 Dedos / fingers (Spanish SMS)
D46? Down for sex?
DA Meaning "The"
DAoC Dark Age of Camelot (online gaming)
DBAU Doing business as usual
DBEYR Don't believe everything you read
DC Disconnect
DD Dear (or Darling) daughter
DD Due diligence
DEGT Dear (or Darling) daughter
DF Don't even go there
DFL Dead *freaking* last (online gaming)
DGA Don’t go anywhere
DGAF Don't give a *freak*
DGT Don't go there
DGTG Don't go there, girlfriend
DH Dear (or Darling) husband
DHU Dinosaur hugs (used to show support)
DIIK Darned if I know
DIKU Do I know you?
DILLIGAF Do I look like I give a *freak*?
DILLIGAS Do I look like I give a sugar?
DIS Did I say?
DITYID Did I tell you I'm distressed?
DIY Do it yourself
DKDC Don't know, don't care
DKP Dragon kill points (online gaming)
D/L Download
DL Download
DL Down low
DLBBB Don't let (the) bed bugs bite
DLTBBB Don't let the bed bugs bite
DM Doesn't matter
DM Direct message (Twitter slang)
DMNO Dude Man No Offense
DN Down
DNC Do not compute (meaning I do not understand)
DNR Dinner (SMS)
DNT Don't
d00d Dude
DOE Daughter of Eve
DP Display Picture (Yahoo Messenger Chat)
DPS Damage per second (online gaming)
DQMOT Don't quote me on this
DR Didn't read
DS Dear (or Darling) son
DTR Define the relationship
DTRT Do the right thing
DTS Don't think so
DTTD Don't touch that dial
DUPE Duplicate
DUR Do you remember?
DV8 Deviate
DW Dear (or Darling) wife
DWF Divorced white female
DWM Divorced white male
DXNRY Dictionary
DYNWUTB Do you know what you are talking about?
DYFI Did you find it?
DYFM Dude, you fascinate me
DYOR Do your own research (common stock market chat slang)

E
E Ecstasy
E Enemy (online gaming)
E1 Everyone
E123 Easy as one, two, three
E2EG Ear to ear grin
EAK Eating at keyboard
EBKAC Error between keyboard and chair
ED Erase display
EF4T Effort
EG Evil grin
EI Eat it
EIP Editing in progress
EM E-mail (Twitter slang)
EMA E-mail address
EMFBI Excuse me for butting in
EMFBI Excuse me for jumping in
EMSG E-mail message
ENUF Enough
EOD End of day
EOD End of discussion
EOL End of lecture
EOL End of life
EOM End of message
EOS End of show
EOT End of transmission
EQ EverQuest (online gaming)
ERS2 Eres tz / are you (Spanish SMS)
ES Erase screen
ESAD Eat *S* and die!
ETA Estimated time (of) arrival
EVA Ever
EVO Evolution
EWG Evil wicked grin (in fun, teasing)
EYC Excitable, yet calm
EZ Easy
EZY Easy

F
F Meaning female
F2F Face to face
F2F Face to face
F2P Free to play (online gaming)
FAAK Falling asleep at keyboard
FAF Funny as *freak*
FAF Funny as *freak*
FAQ Frequently asked questions
FB FaceBook
FBF Fat boy food (e.g. pizza, burgers, fries)
FBFR FaceBook friend
FBM Fine by me
FBOW For better or worse
FC Fingers crossed
FC Full card (online gaming)
FC'INGO For crying out loud
FEITCTAJ *Freak* 'em if they can't take a joke
FF Follow Friday (Twitter slang)
FFA Free for all (online gaming)
FFS For *freak'*sakes
FICCL Frankly I couldn't care a less
FIIK *Freaked* if I know
FIIOOH Forget it, I'm out of here
FIL Father in law
FIMH Forever in my heart
FISH First in, still here
FITB Fill in the blank
FML *Freak* My Life
FOMC Falling off my chair
FOAD *Freak* off and die
FOAF Friend of a friend
FOMCL Falling off my chair laughing
FRT For real though
FTBOMH From the bottom of my heart
FTL For the loss
FTW For the win
FU *Freak* you
FUBAR Fouled up beyond all recognition
FUBB Fouled up beyond belief
FUD Face up deal (online gaming)
FW Forward
FWIW For what it's worth
FWM Fine with me
FYEO For your eyes only
FYA For your amusement
FYI For your information

G
G Grin
G Giggle
G/F Girlfriend
G2CU Good to see you
G2G Got to go
G2GICYAL8ER Got to go I'll see you later
G2R Got to run
G4C Going for coffee
G9 Genius
GA Go ahead
GAC Get a clue
GAFC Get a *freaking* clue
GAL Get a life
GAS Got a second?
GB Goodbye
GBTW Get back to work
GBU God bless you
GDR Grinning, ducking, and running
GD/R Grinning, ducking, and running
GFI Go for it
GF Girl friend
GFN Gone for now
GG Gotta Go
GG Good Game (online gaming)
GG Brother (Mandarin Chinese txt msgs)
GGA Good game, all (online gaming)
GGE1 Good game, everyone (online gaming)
GGMSOT Gotta get me some of that
GGOH Gotta Get Outa Here
GGP Got to go pee
GH Good hand (online gaming)
GIAR Give it a rest
GIC Gift in crib (online gaming)
GIGO Garbage in, garbage out
GIRL Guy in real life
GJ Good job
GL Good luck
GL2U Good luck to you (online gaming)
GL/HF Good luck, have fun (online gaming)
GLE1 Good luck everyone (online gaming)
GLNG Good luck next game (online gaming)
GMBA Giggling my butt off
GMTA Great minds think alike
GN Good night
GNE1 Good night everyone
GNIGHT Good night
GNITE Good night
GNSD Good night, sweet dreams
GOI Get over it
GOL Giggling out loud
GR8 Great
GRATZ Congratulations
GRL Girl
GRWG Get right with God
GR&D Grinning, running and ducking
GS Good shot
GS Good split (online gaming)
GT Good try
GTFO Get the *freak* out
GTG Got to go
GTRM Going to read mail
GTSY Great (or good) to see you
GUD Good
GWHTLC Glad we had this little chat

H
H Hug
H8 Hate
H8TTU Hate to be you
HAG1 Have a good one
HAK Hug and kiss
HAU How about you?
H&K Hugs & kisses
H2CUS Hope to see you soon
HAGN Have a good night
HAGO Have a good one
HAND Have a nice day
HB Hurry back
HB Hug back
H-BDAY Happy Birthday
HBU How about you?
HF Have fun
HFAC Holy flipping animal crackers
H-FDAY Happy Father's Day
HHIS Head hanging in shame
HL Half Life (online gaming)
HLA Hola / hello (Spanish SMS)
H-MDAY Happy Mother's Day
HNL (w)Hole 'nother level
HOAS Hold on a second
HP Hit points / Health points (online gaming)
HRU How are you?
HTH Hope this helps
HUB Head up butt
HUYA Head up your *butt*
HV Have
HVH Heroic Violet Hold (online gaming)
HW Homework

I
I2 I too (me too)
IA8 I already ate
IAAA I am an accountant
IAAD I am a doctor
IAAL I am a lawyer
IAC In any case
IAE In any event
IANAC I am not a crook
IANAL I am not a lawyer
IAO I am out (of here)
IB I'm back
IB I'm back
IC I see
ICAM I couldn't agree more
ICBW It could be worse
ICEDI I can't even discuss it
ICFILWU I could fall in love with you
ICYMI In case you missed it (Twitter slang)
IDBI I don't believe it
IDC I don't care
IDGAF I don't give a *freak*
IDK I don't know
IDTS I don't think so
IDUNNO I don't know
IFYP I feel your pain
IG2R I got to run
IGHT I got high tonight
IGN I (I've) got nothing
IGP I got to (go) pee
IHNI I have no idea
IIRC If I remember correctly
IIIO Intel inside, idiot outside
IK I know
IKR I know, right?
ILBL8 I'll be late
ILU I love you
ILUM I love you man
ILY I love you
IM Instant message
IMAO In my arrogant opinion
IMHO In my humble opinion
ImL (in Arial font) Means I love you (a way of using the American sign language in text)
IMNSHO In my not so humble opinion
IMO In my opinion
IMS I am sorry
IMSB I am so bored
IMTM I am the man
IMU I miss u (you)
INAL I'm not a lawyer
INC Meaning "incoming" (online gaming)
IOMH In over my head
IOW In other words
IRL In real life
IRMC I rest my case
ISLY I still love you
ITAM It's The Accounting, Man (financial blogs)
ITYK I thought you knew
IUSS If you say so
IWALU I will always love you
IWAWO I want a way out
IWIAM Idiot wrapped in a moron
IYKWIM If you know what I mean
IYO In your opinion
IYQ Meaning "I like you"
IYSS If you say so

J
j00 You
j00r Your
JAC Just a sec
JAM Just a minutes
JFF Just for fun
JFGI Just *freaking* Google it
JIC Just in case
JJA Just joking around
JK Just kidding
JLMK Just let me know
JMO Just my opinion
JP Just playing
JP Jackpot (online gaming, bingo games)
JTLYK Just to let you know
JV Meaning "joint venture"
JW Just wondering

K
K Okay
KK Knock, knock
KK Okay, Okay!
K8T Katie
k/b Keyboard
KB Keyboard
KB Kick butt (online gaming)
KDFU Means Cracking (K) the (D as in Da) *freak* up
KEWL Cool
KEYA I will key you later
KEYME Key me when you get in
KFY Kiss for you
KIA Know it all
KISS Keep it simple, stupid
KIT Keep in touch
KOC Kiss on cheek
KOL Kiss on cheek
KOW Knock on wood
KOTC Kiss on the cheek
KOTL Kiss on the lips
KNIM Know what I mean?
KNOW Meaning "knowledge"
KPC Keeping parents clueless
KS Kill then steal (online gaming)
KT Katie
KUTGW Keep up the good work



Abbreviation Meaning
L
L2G Like to go?
L2G (would) Love to go
L2K Like to come
l33t Leet, meaning 'elite'
L8R Later
L8RG8R Later, gator
LBAY Laughing back at you
LD Later, dude / Long distance
LEMENO Let me know
LERK Leaving easy reach of keyboard
LFG Looking for group (online gaming)
LFG Looking for guard (online gaming)
LFM Looking for more (online gaming)
LGH Lets get high
LH6 Lets have sex
LHSX Lets have sex
LHM Lord help me
LHO Laughing head off
LI LinkedIn
LIC Like I care
LIK Meaning liquor
LIMT Laugh in my tummy
LLGB Love, later, God bless
LLS Laughing like *silly*
LMAO Laughing my *a* off
LMBO Laughing my butt off
LMFAO Laughing my freaking *a* off
LMIRL Lets meet in real life
LMK Let me know
LMMFAO Laughing my mother freaking a** off
LMNK Leave my name out
LNT Meaning lost in translation
LOA List of acronyms
LOL Laughing out loud
LOL Laugh out loud
LOL Lots of love
LOLH Laughing out loud hysterically
LOLO Lots of love
LOLWTF Laughing out loud (saying) "What the *freak*?"
LOTI Laughing on the inside
LOTR Lord of The Rings (online gaming)
LQTM Laughing quietly to myself
LSHMBH Laugh so hard my belly hurts
LSV Language, sex and violence
LTD Living the dream
LTLWDLS Let's twist like we did last summer
LTNS Long time no see
LTOD Laptop of death
LTS Laughing to self
LULT Love you long time
LULZ Slang for LOL
LVM Left voice mail
LWOS Laughing without smiling
LY Love ya
LYLAS Love you like a sis
LYLC Love you like crazy
LYSM Love you so much
M
M8 Mate
MB Mamma's boy
MC Merry Christmas
MEGO My eyes glaze over
MEH Meaning a "shrug" or shrugging shoulders
MEH Meaning a "so-so" or "just okay"
MEHH Meaning a "sigh" or sighing
MEZ Meaning "mesmerize" (online gaming)
MFI Mad for it
MGB May God bless
MIRL Meet in real life
MISS.(number) Meaning "child and her age". Miss.3 would be a 3-year old daughter
MKAY Meaning "Mmm, okay"
MLM Meaning give the middle finger
MM Sister (Mandarin Chinese txt msg)
MMK Meaning okay? (as a question)
MNC Mother nature calls
MNSG Mensaje (message in Spanish)
MorF Male or female?
MOMBOY Mamma's boy
MOOS Member of the opposite sex
MOS Mother over shoulder
MOSS Member of same sex
MP Mana points (online gaming)
MR.(number) Meaning "child and his age". Mr.3 would be a 3-year old son
MRT Modified ReTweet (Twitter slang)
MSG Message
MTF More to follow
MTFBWU May the force be with you
MUAH Multiple unsuccessful attempts (at/to) humor
MUSM Miss you so much
MWAH Meaning "kiss" (it is is the sound made when kissing through the air)
MYO Mind your own (business)
MYOB Mind your own business

N
n00b Newbie
N1 Nice one
N2M Nothing too much
NADT Not a darn thing
NALOPKT Not a lot of people know that
NANA Not now, no need
NBD No big deal
NBFAB No bad for a beginner (online gaming)
NC Nice crib (online gaming)
ND Nice double (online gaming)
NE Any
NE1 Anyone
NFM None for me / Not for me
NFM Not for me
NFS Need for Speed (online gaming)
NFS Not for sale
NFW No *freaking* way
NFW Not for work
NFWS Not for work safe
NH Nice hand (online gaming)
NIFOC Naked in front of computer
NIGI Now I get it
NIMBY Not in my back yard
NIROK Not in reach of keyboard
NLT No later than
NM Nothing much
NM Never mind
NM Nice meld (online gaming)
NMH Not much here
NMJC Nothing much, just chilling
NMU Not much, you?
NO1 No one
NOOB Meaning someone who is bad at (online) games
NOWL Meaning "knowledge"
NOYB None of your business
NP No problem
NPC Non-playing character (online gaming)
NQT Newly qualified teacher
NR Nice roll (online gaming)
NRN No response/reply necessary
NS Nice score (online gaming)
NS Nice split (online gaming)
NSA No strings attached
NSFW Not safe for work
NSISR Not sure if spelled right
NT Nice try
NTHING Nothing (SMS)
NTS Note to self
NVM Never mind
NVR Never
NW No way
NWO No way out

O
O4U Only for you
O Opponent (online gaming)
O Meaning "hugs"
O Over
OA Online auctions
(see more auction abbreviations)
OATUS On a totally unrelated subject
OB Oh baby
OB Oh brother
OH Overheard
OI Operator indisposed
OIB Oh, I'm back
OIC Oh, I see
OJ Only joking
OL Old lady
OLL Online love
OM Old man
OM Oh, my
OMAA Oh, my aching *A* (butt)
OMDB Over my dead body
OMFG Oh my *freaking* God
omfglmaobbqrofl
copteriss oh my *freaking* god, laugh my *a* off, owned, roll on floor spinning around I'm so sad
OMG Oh my God
OMGYG2BK Oh my God, you got to be kidding
OMW On my way
ONL Online
OO Over and out
OOC Out of character
OOH Out of here
OOTD One of these days
OOTO Out of the office
OP On phone
ORLY Oh really?
OT Off topic (discussion forums)
OTB Off to bed
OTFL On the floor laughing
OTL Out to lunch
OTOH On the other hand
OTP On the phone
OTT Over the top
OTTOMH Off the top of my head
OTW Off to work
OVA Over
OYO On your own

P
P Partner (online gaming)
P2P Parent to parent
P2P Peer to peer
P2P Pay to play (online gaming)
P911 Parents coming into room alert
PAT Meaning "patrol" (online gaming)
PAW Parents are watching
PBOOK Phonebook (e-mail)
PC Player character (online gaming)
PCM Please call me
PDA Personal display (of) affection
PDH Pretty darn happy
PDS Please don't shoot
PDQ Pretty darn quick
PEEPS People
PFT Pretty *freaking* tight
PIC Picture
PIP Peeing in pants (laughing hard)
PIR Parents in room
PISS Put in some sugar
PITA Pain in the *butt*
PKMN Pokemon (online gaming)
PL8 Plate
PLD Played
PLMK Please let me know
PLS Please
PLU People like us
PLZ Please
PM Private Message
PMFI Pardon me for interrupting
PMFJI Pardon me for jumping in
PMSL Pee myself laughing
POAHF Put on a happy face
POS Parent over shoulder
POV Point of view
POV Privately owned vehicle (originally used to differentiate an individual's vehicle from a military vehicle)
PPL People
PPU Pending pick-up
PROLLY Probably
PROGGY Meaning computer program
PRON Meaning pornography
PRT Party
PRT Please Retweet (Twitter slang)
PRW People/parents are watching
PSOS Parent standing over shoulder
PSP Playstation Portable
PST Please send tell (online gaming)
PTL Praise the Lord
PTMM Please tell me more
PUG Pick up group (online gaming)
PVP Player versus player (online gaming)
PWN Meaning "own"
PXT Please explain that
PU That stinks!
PUKS Pick up kids (SMS)
PZ Peace
PZA Pizza

Q
Q Queue
QFE Question for everyone
QFI Quoted for idiocy
QFI Quoted for irony
QIK Quick
QL Quit laughing
QQ (qq) Meaning "crying eyes"
QQ Quick question
QSL Reply
QSO Conversation
QT Cutie
QTPI Cutie pie

R
R8 Rate (SMS)
RBAY Right back at you
RFN Right *freaking* now
RIP Rest in peace
RL Real life
RLY Really
RME Rolling my eyes
RMLB Read my lips baby
RMMM Read my mail man
ROFL Rolling on floor laughing
ROFLCOPTER Rolling on floor laughing and spinning around
ROFLMAO Rolling on the floor, laughing my *butt* off
ROTFL Rolling on the floor laughing
ROTFLUTS Rolling on the floor laughing unable to speak
RS Runescape (online gaming)
RSN Real soon now
RT Roger that
RT Retweet (Twitter slang)
RTBS Reason to be single
RTFM Read the *freaking* manual
RTFQ Read the *freaking* question
RTMS Read the manual, stupid
RTNTN Retention (e-mail, Government)
RTRCTV Retroactive (e-mail, Government)
RTRMT Retirement (e-mail, Government)
RTSM Read the stupid manual
RTWFQ Read the whole *freaking* question
RU Are you?
RUMOF Are you male or female?
RUT Are u (you) there?
RUOK Are you okay?
RX Regards
RW Real world
RX Meaning drugs or prescriptions
RYB Read your Bible
RYO Roll your own
RYS Read your screen
RYS Are you single?

S
S2R Send to receive (meaning send me your picture to get mine)
S2S Sorry to say
SAL Such a laugh
SBT Sorry 'bout that
SC Stay cool
SDMB Sweet dreams, my baby
SETE Smiling Ear-to-Ear
SFAIK So far as I know
SH Same here
SH^ Shut up
SHID Slapping head in disgust
SICNR Sorry, I could not resist
SIG2R Sorry, I got to run
SIHTH Stupidity is hard to take
SIMYC Sorry I missed your call
SIR Strike it rich
SIS Snickering in silence
SIT Stay in touch
SK8 Skate
SK8NG Skating
SK8R Skater
SK8RBOI Skater Boy
SLAP Sounds like a plan
SMHID Scratching my head in disbelief
SNAFU Situation normal all fouled up
SNERT Snot nosed egotistical rude teenager
SO Significant other
SOAB Son of a *B*
S'OK Meaning It' (s) okay (ok)
SOL Sooner or later
SOMY Sick of me yet?
SorG Straight or Gay?
SOS Meaning help
SOS Son of Sam
SOT Short of time
SOTMG Short of time, must go
SOWM Someone with me
SPK Speak (SMS)
SRSLY Seriously
SPST Same place, same time
SPTO Spoke to
SQ Square
SRY Sorry
SS So sorry
SSDD Same stuff, different day
SSIF So stupid it's funny
SSINF So stupid it's not funny
ST&D Stop texting and drive
STFU Shut the *freak* up
STR8 Straight
STW Search the Web
SUITM See you in the morning
SUL See you later
SUP What's up?
SUX Meanings sucks or "it sucks"
SWAK Sent (or sealed) with a kiss
SWALK Sealed (or sealed) with a loving kiss
SWAT Scientific wild *butt* guess
SWL Screaming with laughter
SWMBO She who must be obeyed. Meaning wife or partner
SYL See you later
SYS See you soon

T
T+ Think positive
T4BU Thanks for being you
T:)T Think happy thoughts
TA Thanks a lot
TAFN That's all for now
TAM MTomorro a.m.
TANK Meaning really strong
TANKED Meaning "owned"
TANKING Meaning "owning"
TARFU Things Are Really *fouled* Up.
TAU Thinking about u (you)
TAUMUALU Thinking about you miss you always love you
TBAG Process of disgracing a corpse, taunting a fragged/killed player (online gaming)
TBC To be continued
TBD To be determined
TBH To be honest
TBL Text back later
TC Take care
TCB Take care of business
TCOY Take care of yourself
TD Tower defense (online gaming)
TDTM Talk dirty to me
TFS Thanks for sharing
TFTF Thanks for the follow (Twitter slang)
TGIF Thank God it's Friday
THX Thanks
THT Think happy thoughts
THNX Thanks
THNQ Thank-you (SMS)
TIA Thanks in advance
TIAD Tomorrow is another day
TIC Tongue-in-cheek
TILIS Tell it like it is
TIR Teacher in room
TLK2UL8R Talk to you later
TL Too long
TMB Text me back
TMB Tweet me back (Twitter slang)
TMI Too much information
TMOT Trust me on this
TMTH Too much to handle
TMWFI Take my word for it
TNSTAAFL There's no such thing as a free lunch
TNT Til next time
TOJ Tears of joy
TOS Terms of service
TOU Thinking of you
TOY Thinking of you
TPM Tomorrow p.m.
TPTB The powers that be
TQ Te quiero / I love you (Spanish SMS)
TSH Tripping so hard
TSNF That's so not fair
TSTB The sooner, the better
TTFN Ta ta for now
TTLY Totally
TTTT These things take time
TTUL Talk to you later
TU Thank you
TWSS That's what she said
TTG Time to go
TTYAFN Talk to you awhile from now
TTYL Talk to you later
TTYS Talk to you soon
TY Thank you
TYFC Thank you for charity (online gaming)
TYFYC Thank you for your comment
TYS Told you so
TYT Take your time
TYSO Thank you so much
TYAFY Thank you and *freak* you
TYVM Thank you very much

U
^URS Up yours
UCMU You crack me up
UDI Unidentified drinking injury (meaning bruise, scratch, ache and so on)
UDM U (You) da (the) man
UDS Ugly domestic scene
UFB Un *freaking* believable
UFN Until further notice
UGTBK You've got to be kidding
UKTR You know that's right
UL Upload
U-L Meaning "You will"
UNA Use no acronyms
UN4TUN8 Unfortunate
UNBLEFBLE Unbelievable
UNCRTN Uncertain
UNPC Un- (not) politically correct
UOK (Are) You ok?
UR Your / You're
UR2YS4ME You are too wise for me
URA* You are a star
URH You are hot (U R Hot)
URSKTM You are so kind to me
URTM You are the man
URW You are welcome
USBCA Until something better comes along
USU Usually
UT Unreal Tournament (online gaming)
UT2L You take too long
UV Unpleasant visual
UW You're welcome

V
VBS Very big smile
VEG Very evil grin
VFF Very freaking funny
VFM Value for money
VGC Very good condition
VGG Very good game (online gaming)
VGH Very good hand (online gaming)
VIP Very important person
VM Voice mail
VN Very nice
VNH Very nice hand (online gaming)
VRY Very
VSC Very soft chuckle
VSF Very sad face
VWD Very well done (online gaming)

W
W@ What?
W/ With
W/B Welcome back
W3 WWW (Web address)
W8 Wait
WAH Working at home
WAJ What a jerk
WAM Wait a minute
WAN2 Want to? (SMS)
WAN2TLK Want to talk
WAREZ meaning pirated (illegally gained) software
WAS Wait a second
WAS Wild *a* guess
WAWA Where are we at?
WAYF Where are you from?
W/B Write back
WB Welcome back
WBS Write back soon
WBU What about you?
WC Welcome
WC Who cares
WCA Who cares anyway
W/E Whatever
W/END Weekend
WE Whatever
WEP Weapon (online gaming)
WH5 Who, what, when, where, why
WIBNI Wouldn't it be nice if
WDALYIC Who died and left you in charge
WDYK What do you know?
WDYT What do you think?
WGACA What do you think?
WIIFM What's in it for me?
WISP Winning is so pleasurable
WITP What is the point?
WITW What in the world
WIU Wrap it up
WK Week
WKD Weekend
WRT With regard to
WL Whatta loser
W/O Without
WOMBAT Waste of money, brains and time
WOW World of Warcraft (online gaming)
WRK Work
WRU@ Where are you at?
WRUD What are you doing?
WTB Want to buy (online gaming)
WTF What the *freak* ?
WTFE What the *freak* ever
WTFO What the *freak* ?, over.
WTG Way to go
WTGP Want to go private (talk out of public chat area)
WTH What the heck?
WTM Who's the man?
WTS Want to sell? (online gaming)
WTT Want to trade? (online gaming)
WU What's up?
WUCIWUG What you see is what you get
WUF Where are you from?
WUP What's up?
WUW What u (you) want?
WUU2 What are you up to?
WUZ Meaning "was"
WWJD What would Jesus do?
WWJD What Would Judd Do? (Artist Donald Judd, who was known to do things in his own compulsive way.)
WWNC Will wonders never cease
WWYC Write when you can
WYCM Will you call me?
WYD What (are) you doing?
WYGAM When you get a minute
WYHAM When you have a minute
WYLEI When you least expect it
WYSIWYG What you see is what you get
WYWH Wish you were here

X
X-1-10 Meaning "Exciting"
X Kiss
X! Meaning "a typical woman"
XD Meaning "really hard laugh" (where D is a smiley mouth)
XD Meaning a "devilish smile"
XME Excuse Me
XOXOXO Hugs & Kisses
XLNT Excellent
XLR8 Meaning "faster" or "going faster"
XYL Ex-young lady, meaning wife. (amateur radio)
XYZ Examine your zipper

Y
Y? Why?
Y Meaning Yawn
Y2K You're too kind
YA Your
YAA Yet another acronym
YABA Yet another bloody acronym
YARLY Ya, really?
YBIC Your brother in Christ
YBS You'll be sorry
YCDBWYCID You can't do business when your computer is down
YCHT You can have them
YCLIU You can look it up
YCMU You crack me up
YF Wife
YG Young gentleman
YGTBKM You've got to be kidding me
YGG You go girl
YHBT You have been trolled
YHBW You have been warned
YHL You have lost
YIU Yes, I understand
YKW You know what
YKWYCD You know what you can do
YL Young lady
YMMV Your mileage may vary
YNK You never know
YR Your
YR Yeah right
YRYOCC You're running your own cuckoo clock
YSIC Your sister in Christ
YSYD Yeah sure you do
YT You there?
YTB You're the best
YTB Youth talk back
YTTL You take too long
YTG You're the greatest
YW You're welcome
YWHNB Yes, we have no bananas
YWHOL Yelling "woohoo" out loud
YWSYLS You win some, you lose some
YYSSW Yeah, yeah, sure, sure, whatever

Z
Z Zero
Z Z's are calling (meaning going to bed/sleep)
Z Meaning "Said"
Z% Zoo
ZH Sleeping Hour
ZOMG Used in World of Warcraft to mean OMG (Oh My God)
ZOT Zero tolerance
ZUP Meaning "What's up?"
ZZZZ Sleeping (or bored)

Sunday, April 18, 2010

Life in the Big City

From The Gothamist:

Teen's Murder Led to Bloods, Crips Takedown
from Gothamist by Jaya Saxena

The tragic murder of 15-year-old Brandon Bethea triggered the investigation that led to a massive gang takedown in Queens. Bethea was killed by a stray bullet in 2008 in a Far Rockaway project, shot by a gang member firing into a crowd. The gunman's arrest sparked a wiretap investigation that took down 104 people identifying with "Flocc," a gang alliance between members of the Crips and the Bloods. "It was that investigation that got us up on the phones as we learned about the [gang] activity in that area," Deputy Chief Robert Boyce told the Daily News.

The investigation led cops to Keith Livingston, who had allegedly planned to shoot cops from his rooftop. He said he was tired of being stopped by police all the time, and felt their presence was hurting his drug trade. Police heard Livingston claim he would shoot cops with a 9-mm. Hi-Point rifle over a wire tapped phone. "We absolutely think he was serious," said Boyce. "He had the weapon and the ammunition to do the job." The takedown also revealed the alliance between members of the South Jamaica Crips and Far Rockaway Bloods, where the Bloods would sell their drugs wholesale to the Crips, who wanted to dominate the Far Rockaway drug trade. Boyce called the alliance, "simply an economic arrangement."

Geithner

Apparently this is all Gethner says on Meet tomorrow;

Geithner predicts passage of financial overhaul

(AP) –
WASHINGTON — Treasury Secretary Timothy Geithner says a strong overhaul of the financial system will emerge from the current impasse in Congress and protect taxpayers against fraud and abuse in the financial industry.

Geithner says the best way to prevent a new financial meltdown is to put protections in place "ahead of the storm."

He says he is confident there will be enough votes to pass a strong package of financial reforms, despite solid Republican opposition in the Senate. Geithner spoke to NBC News' "Meet the Press" in an interview that airs Sunday.

Geithner declined to comment on the Securities and Exchange Commission's decision to charge Goldman Sachs & Co. with fraud relating to its sale of mortgage investments.

Copyright © 2010 The Associated Press. All rights reserved.

Friday, April 16, 2010

Calling for Clarence

I like this way of putting it, from the Washington Post: "The SEC's suit strikes at a practice that was one of the main causes of the financial crisis: the creation of poisonous investments derived from home loans made to borrowers who couldn't afford the houses they were buying."

Let me make one thing straight: these guys did bad things. Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citicorp, Bank of America, Wells Fargo, DeutscheBank, Credit Suisse: the entire lending community. Plus the hedge funds. Plus the rating agencies --Standard & Poor and Moody's. Basically, the whole system we know as Wall St. Which may be Goldman's best defense: everybody was doing it.

Now, it is true, that the scam depends on people who buy houses they can't afford.

The other component was the Wild West atmosphere created by the GW Bush administration and it's lack of regulation.

Now, Obama, even though he's riding into battle with guys like Geithner and Bernanke, whose hands are very dirty, must clamp down on this perfidious racketeering system with full force.

"Full force" goes beyond the Dodd bill. There may now be hope that the SEC suit against Goldman will put a scare into the crooks. And maybe even into the Republicans, who are worse than crooks. They are Henry Potter from "It's a Wonderful Life."

Obama gets to be Jimmy Stewart. But he won't get an angel to help him out.

Wednesday, April 14, 2010

Time for the Money Fight


JP Morgan powered the market today, as described by the LA Times.

"JPMorgan's $3.3-billion profit showed how much quicker the economic recovery has been for Wall Street than it has for average Americans. The biggest boost came not from the retail bank, where ordinary customers have accounts, but from the firm's elite investing activities, which provided more than two-thirds of the bank's profit. Bond trading, the most profitable part of JPMorgan, has been aided by the low interest rates offered by the Federal Reserve."

That means the recovery is being fueled by the very sector that caused the economy to collapse. Call it The Carousel. And "average", "ordinary" folks are not reaping the benefits. It's the same fucking Street people. The "elite" (ha)

I just finished The Big Short by Michael Lewis, which is a great book, despite its debunking by Yves Smith on the Huff Post. Smith who has a competing book, basically says Lewis's argument is simplistic, but then makes what amounts to the same argument.

Lewis picks out a handful of eccentrics who made a killing when the market collapsed, because they had collected, bottom-feeder style, credit default swaps and collateralized debt obligations and then converted them into stocks. I'm sure it could be more complete, but it's a great read.

In passing, the book shows the dumbass, ignorant, more or less fraudulent, role played by Geithner, Bernanke, Dimond and Blankfein, all of them, of course, back in the saddle again (although Secretary Geithner is under pressure to not fuck it up this time.)

Obama says he's going to get these "crappy" (Lewis's word) loans out of the shadows. But Chris Dodd has also taken the consumer advocate role out of the dark and put it into the fed, although Valerie Jarrett says it will still be independent. Moral equivalent of the public option. You know how the Republicans will go. It should be Elizabeth Warren from Harvard, currently TARP watchdog, but O. is way too cautious for that. You know O. -- "The Radical."

McConnell says the Dodd bill bill will open the door to further bailouts, which it won't. Moral equivalent of the "massive government takeover."

What O. must do politically is demonize the banks -- which should be easy -- as he did with the insurance companies. The troubls that, if the Republicans are in the pocket of the banking lobby, so too are the Dems.

It should be a good fight. Stay tuned. And buy the Lewis book.

Distraction

I'm reading Michsel Lewis's The Big Short.

Got so involved I forgot you.

Monday, April 12, 2010

Talking Nukes


I remember it all: the air raid shelters, the drills, the red baiting, the Army McCarthy hearings, my winning speech in the High School Oratorical Contest, inveighing against Khrushchev and his shoe.

How things have changed. Now the threat does not come from a big power, but from a bomb in the hands of terrorists. 9/11 gave this war a new face: the face of the suicide bomber, thus far without a nuclear weapon.

The most frivolous player is, of course, Iran, home of the crazies (Ahmadinejab is planning his own nuclear summit next week). O. and Hu Jintao talked about Iran today on the eve of the meeting. They also talked economics, where, if there were progress, it could be huge.

Bibi cancelled. He won't be missed.

Sunday, April 11, 2010

For Those with Little to Do


Google Reader ran a joke contest to see who read the most GR items. The "winner" read more than 2 million. The video in the most read item is actually pretty bad despite it's quite enormous traffic. I think the main web surfing activity is garbage sifting.

Saturday, April 10, 2010

Will the Pope Quit?


"If it happens that the Roman Pontiff resigns his office, it is required for validity that the resignation is made freely and properly manifested but not that it is accepted by anyone." That's canon law on the subject. On the other hand Paul VI said, "paternity cannot be resigned -- referring to his role as the Holy Father. But he's also the Pope who put in place 75 as a mandatory retirement age for bishops (Benedict is almost 83).

John Paul II once said, "there cannot be an emeritus Pope," although I can't quite see why not, if the Pope can resign. I guess the ex-Pope would be just that, the ex-Pope.

There have been
papal resignations, all of them in circumstances quite different from what Benedict faces currently. The two clearest cases were Celestine V and Gregory XII. Three popes were removed by an emperor because they were all competing for the title..

What must be remembered is that the College of Cardinals and just about all of the bishops are archconservatives, placed in office by JP II and Benedict. 50 years ago, when I went to study in Rome, the Second Vatican Council was in session and it was possible to talk of reform, even revolution. These men repudiate that history, and are unwilling to face the truth. The only way Benedict resigns is if the decision results from a private conversation between him and God.

Friday, April 9, 2010

More Dirt on Benedict, Floating a Name for Scotus

The AP has an exclusive on still another case -- this one from Oakland CA -- of a chronic abuser, who got a break from Ratzinger. As these cases mount, the Pope's silence gets louder and louder.

Already with not even a day gone by, I sense a growing interest in naming a non-judge to succeed Stevens. I like Sen Amy Klobuchar (D-Minn.). She's the daughter of a sports writer. He mom retired from teaching second grade at 70. Her undergraduate thesis at Yale is still used as a textbook. She has an extremely winning personality, and would certainly lighten up the place. She has focused on consumer safety issues, including toy safety. She runs as a candidate of the middle class. She's also fought for gay an lesbian rights.

The only problem is that Sen. Klobuchar is that she's on the judicial committee, which has to approve the nomination.

Thursday, April 8, 2010

Roaring Back



Tiger shot his best ever opening round at the Masters today, his 68 just two strokes off Fred Couples's 66. He was applauded throughout, the mistress performing at a cheap strip joint just down the road, and the other one, 22 years old, who lived next door and knew him since she was 14 and says she's angry, both suddenly rendered irrelevant.

This guy screwed so many women, he is beyond further embarrassment or shame. Just another jock, who is still the best at his sport. Draw whatever moral you like.

Wednesday, April 7, 2010

Jerry, Tiger Under the Microscope





I'm going to have to readjust if I'm to continue this blog while also watching baseball.

The Marlins just hit their third home run, so this could be a dismal assignment.

Lousy pitching from Maine and now Sean Green. Maine looked bad, as he did last year. The Mets didn't add a single starter in the off season.

I give it maybe a month, before something has to be done. Manager Jerry Manuel may be able to count his longevity on the fingers of both hands.

I see Nike is running an ad with the voice of Earl Woods, Tiger's late dad: “Tiger, I am more prone to be inquisitive, to promote discussion. I want to find out what your thinking was. I want to find out what your feelings are. And did you learn anything.”

Now that's misleading, okay.

The Chairman of Augusta National, Billy Payne said, "As he now says himself, he forgot in the process to remember that with fame and fortune comes responsibility, not invisibility. It is not simply the degree of his conduct that is so egregious here; it is the fact that he disappointed all of us, and more importantly, our kids and our grandkids.

"Our hero did not live up to the expectations of role model we saw for our children.

"Is there a way forward? I hope yes. I think yes. But certainly his future will never again be measured only by his performance against par, but measured by the sincerity of his efforts to change.

"We at Augusta hope and pray that our great champion will begin his new life tomorrow in a positive, hopeful and constructive manner, but this time with a significant difference from the past. This year, it will not just be for him, but for all of us who believe in second chances."

He tees off tomorrow. His wife refused his invitation. How much will his score matter to our judgment of him?

Monday, April 5, 2010

Play Ball






It was a glorious day, the sun shining brightly in 75 degree warmth over a packed stadium in Flushing Queens. Opening Day for my beloved Mets couldn't have been better. David Wright, whose critics wondered about his supposedly diminished power, hit an opposite field home run in the first inning. The team's best pitcher looked commanding over six inning. The allegedly shaky relievers were perfect. Newcomer Jason Bay powered a triple to left center, and newly acquired catcher Rod Barajas hit a 2-run double.

God's in his heaven as the poets says, and all's right with the world, on Opening Day.

Tonight, my son's alma mater, Duke, plays for the NCAA championship, and he's there in Indy. This could be a very good day for the boys.

Sunday, April 4, 2010

Happy Easter




There seem to be too many earthquakes lately.

Hamid Karzai is annoying.

George Vecsey is way worse than annoying.

Tomorrow: baseball. The world is okay.

Friday, April 2, 2010

Eternal Mac

It started as an April's Fool Day joke on the Web site Grist, which announced that McDonald's was discontinuing a worldwide composting plan after discovering that nothing on the McDonald's menu could be composted.

It turns out that lurking behind the prank was the fact that a story by one Joann Bruso who said she has purchased a Happy Meal like the one pictured here had stayed on her shelf for a year without any mold, odor or any other sign of decomposition a claim written off as spoofery by Big Mac. Various writers fell for the story because it seemed so plausible, like any worthwhile April Fool's tale.

cf. Fast Company for Mac's meager attempts environmental program.

Thursday, April 1, 2010

Why Topeka?



But seriously, Topeka is one of hundreds of communities competing to debut super-fast internet service. That's why the city council voted 9-0 to change the city's name to Google for the month of March. Google returned the favor today, as you must surely know.

Councilman Bob Archer said, "This whole thing ... has brought Topeka together more than anything has in years."

Google says the choice of Topeka for its 4/1 stunt doesn't give them an edge in the broadband competition.