Word: giante
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...could see that they were shams. There was no way Fannie Mae was producing 15% growth every quarter. They had giant derivatives positions, and they couldn't know what they were. I remember being on the telly, telling people that Fannie Mae was going to zero, and they'd say, What the hell are you talking about, that's Fannie Mae. Likewise with the investment banks. I used to sit there and say they're all going to eight [dollars per share]. It was clear that there were 29-year-olds on Wall Street sitting around making $10 million...
...however, deeply worried about the Urkel effect, which holds that voters leaning toward Obama will walk into the voting booth and suddenly think, I cannot take four years of listening to that giant-eared nerd. Because people are starting to realize that Obama is not all that cool. He's earnest like C-3PO, emotionless like Spock, overly practical like Encyclopedia Brown and incredibly skinny like C-3PO, Spock and Encyclopedia Brown...
...whole region were so wealthy, McCain would have less to worry about. But as you head east toward Washington, the antebellum mansions turn into McMansions, then give way to middle-class row houses whose shiny blue roofs gleam through the trees from Prince William Highway like giant Lego plantations...
...Tokyo, where the Nikkei was down 7% to its lowest level in more than five years, electronics giant Sony slashed its 2008 profit forecast by half. In South Korea, where officials said GDP growth is at a two-year low, Samsung reported a 44% earnings drop. That helped drag down the Kospi index by 9%, bringing the total loss for the week to 17%, the South Korea market's worst showing since 1997. "It seems that in the last two weeks, it has dawned on investors in Asia that no one is immune from the slowdown that is to come...
...result, we've been able to partially default on our giant debts to the rest of the world without actually defaulting - thanks to the decline in the dollar over the past five years. Chinese taxpayers, whose government holds a lot of that debt, may end up losing as much or more money (as a share of GDP) on the U.S. financial crisis as taxpayers here will...