It's Richard J. MAYbury. i've been reading him for 8 years. http://www.chaostan.com/  People please check your facts before posting.

No, haven't seen 90% coin marketed that way at my LCS's, but I don't mind the marketing ploy.  As long as it's priced honestly, it's OK by me.  If they are charging extra then I'd walk away.  Coin is coin.

Morning Eric, with your background thought you might find interesting, ( make that disgusting).

On February 27, 2012, Sorkin reported that AIG had received $182 billion in bailouts (“A.I.G. Earnings an Illusion of a Bend in U.S. Tax Laws“). AIG was given a special tax dispensation (which in my opinion, was of dubious legality). Net operating losses, which should have been lost in the bailout (or bankruptcy) of the company were “gifted” to AIG from Treasury, without Congressional approval:

“However, according to longstanding tax laws, if a company files for bankruptcy or is taken over, it loses the ability to use its net operating losses. A.I.G. would fit that profile perfectly: on the verge of bankruptcy, the federal government took control of A.I.G., exchanging its bailout billions for shares in the company.

Sorkin estimated the value of this tax gift at about $25 billion dollars. As he explained, AIG was able to offset taxes owed with these phantom losses. If the earnings the company reported were an illusion, how could the profits the Treasury reported not also be an illusion?

This was nothing less than $25 billion dollars in tax receipts lost to American taxpayer — the people who bailed out AIG in the first place. This accounting sleight of hand amounted to a transfer of obligations, removing a liability from the balance sheet of AIG to the detriment of taxpayers. As Sorkin wrote, last year alone AIG “claimed almost $9 billion in other unrealized loss on investments.” Accounting Net Operating Losses that should never had existed after the bailout/takeover of AIG. Losses that managed to magically reduce their tax burden to the people who rescued them.

So to sum up, AIG made money for the taxpayer, except for the $25 billion that the taxpayer forfeited due to actions of Treasury which may or may not have been unauthorized by Congress, and in any event amounted to an enormous subsidy to AIG beyond the original bailouts.

Here’s a $25 billion tax break — please use it to pay us back our money so we can claim to be breakeven.

What utter nonsense.

http://www.ritholtz.com/blog/2012/09/sorkins-aig-tale-debunked-by-sorkin...

For the record, Murphy is top dawg in my book!!    The Alpha Male.    Good men are hard to find, but he is one of them.   Quite a few around here.    And I have a feeling if I go to far, he'll punch me the kisser.    Superhero or not!   

I had a blue leisure suit, with a nylon (silk wanna be) shirt with a huge ass collar and music notes printed on it.   And some nifty shoes. 

But here is the part that will probably get me permanently banned from the Speak.  So management, when you meet to decide my fate, go easy.    I had this in my record collection.  Oh the shame and humiliation. 

Harsh.  Very harsh!

I now like to use this

Plus the fact that I played in the worlds most grungiest and probably famous rock 'n roll joint in the world.  Same joint that gave birth to the Ramone's,  Blondie, The talking Heads among others.  The fact that madonna performed there before she became famous should not count against me.   This was before I got a corporate job and had to put on a suit.  Only then I sold out.

Ramones

Talking Heads

Blondie

Club is now selling Free Pussy Riot T-shirts

Life doesn't give you much of a chance to enjoy frivolity.  If this stuff keeps happening, we are going to see some serious changes in our daily life!!

Bomb threats prompt college campus evacuations

AUSTIN, Texas (AP) — Thousands of people streamed off university campuses in Texas and North Dakota on Friday after phoned-in bomb threats prompted evacuations and officials warned students and faculty to get away as quickly as possible.

No bombs were found on either campus by early afternoon and it was not clear whether the threats were related.

The University of Texas received a call about 8:35 a.m. from a man claiming to be with al-Qaida who said he had placed bombs all over the 50,000-student Austin campus, according to University of Texas spokeswoman Rhonda Weldon.

He claimed the bombs would go off in 90 minutes and all buildings were evacuated at 9:50 a.m. as a precaution, Weldon said.

The deadline passed without incident, and the university later issued advisories saying all buildings has been cleared and were reopening by noon. Classes were canceled for the remainder of Friday, but other university activities were to resume by 5 p.m.

"We are extremely confident that the campus is safe," UT President William Powers said at an early afternoon news conference.

North Dakota State University President Dean Bresciani said 20,000 people also were evacuated from his school's main and downtown campuses in Fargo after the school received its bomb threat Friday morning.

Anti-American Protests Over Film Expand to More Than a Dozen Countries

Egyptian protesters threw stones at riot police officers during clashes near Tahrir Square in downtown Cairo on Friday. More Photos »

Please not Judge Judy.  Anything but Judge Judy.  I've run into her too but I didn't know who she was.    She is irritable, judgmental know it all.  

Despite my real age, I've had a very youthful appearance all my life.    I was still being carded in my 30's.   I must have been in my mid 30's, looked in my 20's and I went with a friend to a resort in Turk's and Caico's.  They had a couple of slot machines, nothing much.   I ended up filling my plastic gin and coke cup with a bunch of quarters.  And so as usual, I reinvest 1/2 of the winnings in hope of doubling it again. 

There is this two women watching me.  One was Judge Judy.   She comes over to me and starts lecturing me on gambling as if I am her son.   "Are you going to put all that money in the machine"   NO, I started with a quarter.  Now my cup is entirely full.  If I loose all of it, I would have lost a quarter.   If I loose 1/2 of it, I still will have profited handsomely and no matter what happens, I will be having a good time!  See Mrs. Mind Your Own business, It's a win win.  

So another lady comes over to me watching this whole thing and says do you know who that lady is?  No, never seen her before in my life.   

If you are gonna pick somebody I prefer Judge Joe Brown.  He is a very cool headed man with some experience on his side.  But I also like Judge Mathis.  Anybody but JUDY.

I bet you judge judy doesn't get too many lectures in her profession. 

I don't know about all you quiet ones but I'm as happy as a fat kid eating pie.  

My Miner's outperforming gold!  Phones still ringing off the hook at Sprott.  Those who were on the sidelines are deploying CASH!   The die hards never left.  They said, they didn't sell and they are not going to sell because they see the possibilities. 

I think all those people that have been saying over at Main Street that Miners are not the place to be are going to be watching an historic move.    I don't see any way around it at this juncture.  Just have to watch and know when to get out and even more difficult where to put that money.   I think out of the system is gonna be the move.

There is going to  be alot of Wall Street men becoming very very very wealthy.   The middle class who have no idea what QE3 is are gonna be wiped out as inflation goes up and up and up and they can't keep up.   Going to start being very vigilante watching prices and outflow at this point. 

I think it could get a little scary even for those with good sea legs.   Just thinking outloud.

And I cannot tell you how pleased I am for all of you die-hard mining investors...  you folks have had to eat the rotten end of a sh*t sandwich for many moons, now.  The insane short interest, idiotic valuations from analysts, planted stories in the media to drive down selected stocks, deliberate and targeted denial of financing ... unreal.  Strong hands, indeed, to have your core intact and situated to profit now.  I hope Murphy's "Red Sea" (his brilliant, wry term for his miner portfolio) is turning greener by the day.   

Your comment that "it could get a little scary" is dead-on, I think.  That ZH article Turd posted on Main made some excellent points, basically asking "Why now" for unlimited QE?  It points out that unemployment is pretty much the same as it has been for 2+ years, stocks near multi-year highs, no new lows in housing,  etc... so why now?  The article says the reason is 1. politics to get O reelected with a little go-juice prior to the election, and 2. that Europe is far closer to flying apart at the seams than anyone has publicly acknowledged. That Ben understands just how dire things are in the Eurozone and needed a means to backstop their banking systems.  This really rings true to me, and is frightening indeed. 

I have always believed that when the Keynsian spit and baling wire holding things together starts to give way, that we would be shocked at the rapidity of the collapse of major institutions, trade, functioning systems of distribution, etc.  The global trade machine may be very large indeed, but when just one key part breaks, the whole thing can grind to a halt as the other components can no longer function- this is the deadly danger of a hyper-integrated economy.  Everyone needs everyone else to be doing their job, or nobody can do their job.   So this sudden, and arguably uncalled-for, unlimited QE is a very sobering thought when viewed through this lens. 

Whew.  I need a beer.  BTW, your "doing the white man's overbite" was the funniest damn thing I have heard in months.  A truly epic line.