NewsGang and Gillmor Gang IRC Transcripts for 09/22/2008

Gillmor Gang 09.22.08

Session Start: Mon Sep 22 00:00:02 2008
Session Ident: #newsgang-live
032008/09/22 [12:13] * &Ustream-Bot (bot@ustream.tv) has left #newsgang-live
032008/09/22 [14:53] * theagent changes topic to 'Gillmor Gang'
032008/09/22 [14:54] * theagent changes topic to 'New schedule: Gillmor Gang daily @ 1:00 PDT'
2008/09/22 [16:01] <+michaelpinto> sounds like i missed the show!
2008/09/22 [16:02] <@TinaGillmor> no - you haven't missed anything
2008/09/22 [16:02] <@TinaGillmor> about to start
2008/09/22 [16:03] <@theagent> let me apologize in advance if the stream quality is degraded... its running on some gear I through together since my regular rig is currently down
2008/09/22 [16:05] <@TinaGillmor> I'm hearing some stopping around
2008/09/22 [16:05] <@TinaGillmor> stomping
2008/09/22 [16:05] <+michaelpinto> we're here for the content theagent! so ahppy that you keep it running...
2008/09/22 [16:06] <@TinaGillmor> nice... big difference
2008/09/22 [16:06] <@TinaGillmor> thanks Jerry
2008/09/22 [16:06] <@theagent> dummy me... had the mic on so I could let andrew know steve was on his way
2008/09/22 [16:07] <@TinaGillmor> tweet/dent link http://www.ustream.tv/channel/NewsGang-Live
2008/09/22 [16:07] <@TinaGillmor> that's OK...good now
2008/09/22 [16:07] <@theagent> you're hearing the old wood floors in the 1927 Spanish-Mediterranean
2008/09/22 [16:09] <+michaelpinto> i.e. is evolution real
2008/09/22 [16:11] <+michaelpinto> new media spawns more black helichopter stuff than old media
2008/09/22 [16:18] <+michaelpinto> history doesn't repeat in an exact way
2008/09/22 [16:19] <+michaelpinto> the 30s had a "new media" - it was radio
2008/09/22 [16:19] <+michaelpinto> craigs list economy?
2008/09/22 [16:23] <+Karoli> rofl, just pasted wrong link on identi.ca post, they'll all click into michael's banners. LOL
2008/09/22 [16:24] <@TinaGillmor> thanks for the link Kalori
2008/09/22 [16:25] <+WebPixie> Thanks for the dent, Karoli
2008/09/22 [16:26] <+Karoli> @webpixie now that it's got the right link on it, you're welcome
2008/09/22 [16:26] <@TinaGillmor> STILL NO
2008/09/22 [16:26] <+WebPixie> It sounded like the two people you said it was.
2008/09/22 [16:30] <+michaelpinto> it's caused by deregulation
2008/09/22 [16:30] <+michaelpinto> degregulation was requested by industry
2008/09/22 [16:31] <@theagent> and you're not pissed off about Presidents, Reps and Senators getting lifetime pensions with horrible records?
2008/09/22 [16:31] <+michaelpinto> industry = ceos & shareholders/investors
2008/09/22 [16:31] <@theagent> talk about a golden parachute
2008/09/22 [16:32] <+michaelpinto> i'm not sure that folks in congress do get a retirement packages - but Presidents do, but that's only since Truman on any level
2008/09/22 [16:32] <+michaelpinto> not just ceos - the "investor class"
2008/09/22 [16:33] <+Karoli> michaelpinto congresscritters indeed have retirement packages
2008/09/22 [16:35] <+michaelpinto> is it that big? what if you only serve 2 years vs 30?
2008/09/22 [16:35] <+Karoli> no QA whatsover. can you imagine doing that?
2008/09/22 [16:35] <+Karoli> michaelpinto the 2-year guys have the 401k balance, the 30 year guys have defined benefit/401k
2008/09/22 [16:36] <+WebPixie> and the weakness of the current administration'
2008/09/22 [16:37] <+Karoli> King Treasury
2008/09/22 [16:37] <+Karoli> no democracy
2008/09/22 [16:37] <+michaelpinto> i don't see them (congress) as overpaid - i'd rather have that to discourage it from it being a rich persons club
2008/09/22 [16:37] <+WebPixie> indeed, karoli --- did you see the Newsweek cover
2008/09/22 [16:37] <+WebPixie> ?
2008/09/22 [16:37] <+WebPixie> "King Henry
2008/09/22 [16:37] <+michaelpinto> that is what's being proposed
2008/09/22 [16:37] <+WebPixie> "
2008/09/22 [16:38] <+michaelpinto> executive branch
2008/09/22 [16:38] <+WebPixie> niece thought it sounded like paulson's goal was to take away "state's rights"
2008/09/22 [16:38] <+Karoli> webpixie no
2008/09/22 [16:39] <+WebPixie> it had a picture of paulson, treas. sec'y, right?
2008/09/22 [16:39] <+Karoli> with a crown and robe?
2008/09/22 [16:39] <+WebPixie> So you hit the nail on the head ...the caption was "King Henry"
2008/09/22 [16:39] <+Karoli> LOL
2008/09/22 [16:39] <+Karoli> That's been my mantra since saturday
2008/09/22 [16:40] <+WebPixie> no, hahaha --- just his face and nothing else, total headshot
2008/09/22 [16:40] <+WebPixie> my fingers and this keyboard are having a hard time connecting today
2008/09/22 [16:40] <+WebPixie> the crown and robe must've been outside the frame
2008/09/22 [16:41] <+WebPixie> pic musta been cropped to remove them
2008/09/22 [16:41] <+michaelpinto> drill not disagrees with that
2008/09/22 [16:41] <+WebPixie> you and newsweek are clearly on at least one same wavelength
2008/09/22 [16:42] <+WebPixie> and he wanted to kill my dadddy, said w
2008/09/22 [16:42] <+WebPixie> whoa ...ijust cant' type today
2008/09/22 [16:43] <+WebPixie> drill not, mp?
2008/09/22 [16:44] <+WebPixie> oh, way!
2008/09/22 [16:44] <+michaelpinto> i think everyone should take the subway webpixie!
2008/09/22 [16:44] <+jromeh> when we take a risk, and it doesn't work out, what happens?
2008/09/22 [16:44] <+WebPixie> thank heaven there is no subway where i live, it would tear up what little countryside is left in the u.s.
2008/09/22 [16:46] <+WebPixie> as it is, neighbor wants to tear out some 200 year old oaks to put in a water line to a house that is closer to another water line that is about 5 times closer to where the house will be
2008/09/22 [16:46] <+WebPixie> back to the world now...
2008/09/22 [16:47] <+WebPixie> seems pretty failed, if not wrecked
2008/09/22 [16:47] <+michaelpinto> if you keep printing money you get inflation
2008/09/22 [16:47] <+WebPixie> yes, by definition, mp
2008/09/22 [16:47] <+michaelpinto> pixie how come you and k are not on phone?
2008/09/22 [16:48] <+WebPixie> credit markets were in a freeze, maybe, but that's 'cause all regulation had been taken away
2008/09/22 [16:48] <+WebPixie> we have crank phones ...don't work with new media ;-)
2008/09/22 [16:49] <+WebPixie> this is gillmor gang, not newsgang live
2008/09/22 [16:49] <+WebPixie> -372.75
2008/09/22 [16:49] <+michaelpinto> oh i see! smells like news gang though
2008/09/22 [16:49] <+WebPixie> convergence
2008/09/22 [16:49] <+iPlant> whooo! keen and mickeleh :)
2008/09/22 [16:50] <+WebPixie> convergence does happen from time to time
2008/09/22 [16:50] <+iPlant> how long has the talk been going on?
2008/09/22 [16:50] <@TinaGillmor> since about 1pm PDT
2008/09/22 [16:51] <+WebPixie> dunno, i came in at 1:05 pdt
2008/09/22 [16:51] <+Abierto_cc> if short trading has been suspended, does that make all the derivatives based on shorts worthless?
2008/09/22 [16:51] <+WebPixie> tina always knows
2008/09/22 [16:51] <+iPlant> that's what, 50 minutes ago? i'm in sweden..
2008/09/22 [16:51] <+WebPixie> yeppers!
2008/09/22 [16:51] <+iPlant> ah <censored> i missed it, i'll have to catch it on itunes
2008/09/22 [16:51] <@TinaGillmor> sorry Sweden ... yes
2008/09/22 [16:52] <+michaelpinto> The Dow industrials closed down 372 points
2008/09/22 [16:52] <+WebPixie> yeppers, mp
2008/09/22 [16:52] <+michaelpinto> http://www.nytimes.com/2008/09/23/business/23markets.html
2008/09/22 [16:53] <+Abierto_cc> the us army is coming home from Iraq for north american deployment on Oct. 1, 2008. What does that mean, I wonder
2008/09/22 [16:53] <+WebPixie> mccain looked in the mirror this morning and saw obama staring back at him
2008/09/22 [16:53] <+Abierto_cc> http://www.armytimes.com/news/2008/09/army_homeland_090708w/
2008/09/22 [16:54] <+Abierto_cc> Naomi Klein suggested the only hope for the people is to take it to the streets.
2008/09/22 [16:54] <+WebPixie> can't be...mary jo's son is deploying for iraq in a week or so
2008/09/22 [16:54] <+WebPixie> but if army times says so, must be
2008/09/22 [16:55] <+Abierto_cc> http://www.guardian.co.uk/commentisfree/2008/sep/19/marketturmoil.usa
2008/09/22 [16:55] <+Karoli> it's real? pulease
2008/09/22 [16:55] <+Abierto_cc> just that one brigade
2008/09/22 [16:55] <+Abierto_cc> like 20 or 30 thousand troops
2008/09/22 [16:55] <+Karoli> how can anyone know what's real when it's all done in the shadows?
2008/09/22 [16:55] <+Karoli> manipulation, fear-based medicine prescribed
2008/09/22 [16:55] <+WebPixie> how can anybody be anywhere when....
2008/09/22 [16:56] <+michaelpinto> the guy to blame is Reagan - that's when derefulation started
2008/09/22 [16:56] <+michaelpinto> deregulation
2008/09/22 [16:56] <+Abierto_cc> confiscate the ill gotten gains
2008/09/22 [16:56] <+Abierto_cc> nationalize most industries... media, energy,
2008/09/22 [16:57] <+michaelpinto> McCain never claimed to be an economic expert
2008/09/22 [16:57] <+Abierto_cc> jail the miscreants from Bush on down
2008/09/22 [16:57] <+WebPixie> makes clinton look bad, did he say ...that was mccain that wanted to fire fcc chair --- must've misheard andrew
2008/09/22 [16:57] <+Abierto_cc> bring out the effing guillotine and lets start over
2008/09/22 [16:57] <+mattscoble> A bas les riches!!
2008/09/22 [16:57] <+Abierto_cc> that's bs about the market reflecting the crowd
2008/09/22 [16:58] <+Abierto_cc> the aig news was out in 2005
2008/09/22 [16:58] <+Abierto_cc> derivatives have been obvious since 2002 at least
2008/09/22 [16:58] <+Abierto_cc> let's blame it on redlining
2008/09/22 [16:58] <+WebPixie> jim cramer warned of this day about 6 months ago
2008/09/22 [16:58] <+WebPixie> the aig thing
2008/09/22 [16:58] <+Abierto_cc> I think we shouldn't have given all those blacks cheap home loans
2008/09/22 [16:58] <+WebPixie> derivatives made enron famous, then infamous
2008/09/22 [16:59] <+Abierto_cc> AIG and Gen re execs were being jailed for this BS in 2005
2008/09/22 [16:59] <+Abierto_cc> must have been at the commonwealth club
2008/09/22 [17:00] <+Abierto_cc> no place else in SF where you can put enough republicans together to form a claque of boo-ists
2008/09/22 [17:01] <+WebPixie-1> intermittant ...lost most of chat too
2008/09/22 [17:01] <+Abierto_cc> if republicans win then we will brun down the country
2008/09/22 [17:01] <+Abierto_cc> pburn, not brown
2008/09/22 [17:02] <+Abierto_cc> can't type, but count on it
2008/09/22 [17:02] <+WebPixie-1> the country will burn itself if republicans win
2008/09/22 [17:02] <+WebPixie-1> will need no help from civil unrest
2008/09/22 [17:02] <+michaelpinto> the plan has a 23% approval rating as is
2008/09/22 [17:02] <+Abierto_cc> washington dc will be crispy before the inaugaration
2008/09/22 [17:02] <+Abierto_cc> the plan needs strong democratic input
2008/09/22 [17:03] <+iPlant> my sound's breaking up..
2008/09/22 [17:03] <+WebPixie-1> did everyone else lose the chat from x:57 on back?
2008/09/22 [17:03] <+WebPixie-1> can we say dead-lock?
2008/09/22 [17:03] <+Abierto_cc> I have mine since I joined
2008/09/22 [17:04] <+Karoli> WebPixie back in the 90's derivatives and hedge funds bankrupted Orange County, CA
2008/09/22 [17:04] <+michaelpinto> Bush Urges Democrats to Act Quickly: http://www.nytimes.com/2008/09/23/business/23paulson.html
2008/09/22 [17:04] <+WebPixie-1> can you send it to connectedgeek - it looks like he lost his too
2008/09/22 [17:04] <+Abierto_cc> john mccain needs to be jailed for his part in the S&L bs
2008/09/22 [17:04] <+Abierto_cc> Neil Bush needs to be his cell mate
2008/09/22 [17:04] <+Karoli> Took 'em 15 years to get it back & sell it.
2008/09/22 [17:04] <+Karoli> abierto don't forget jeb
2008/09/22 [17:04] <+Abierto_cc> they can play hide th esoap
2008/09/22 [17:05] <+Abierto_cc> absolutely... jeb's complicity is well documented
2008/09/22 [17:05] <+WebPixie-1> right, karoli - forget that...remember hearing about derivatives while I was doing math and science and thought it something to do with calculus ....duh
2008/09/22 [17:06] <+Karoli> where i live..camarillo (another republican stronghold, btw) they lost all sorts of city funds in derivatives
2008/09/22 [17:06] <+Karoli> about 20 years ago.
2008/09/22 [17:06] <+WebPixie-1> abierto, can you send a copy or somehow get the chat to connectedgeek?
2008/09/22 [17:06] <+Abierto_cc> http://sarabenincasa.wordpress.com/2008/09/22/new-sarah-palin-video-extras-and-outtakes/
2008/09/22 [17:06] <+Abierto_cc> need an email addy
2008/09/22 [17:06] <+Karoli> i have it, sent it
2008/09/22 [17:07] <+michaelpinto> the market = your retirement plans
2008/09/22 [17:07] <+Abierto_cc> (I offered that link because it has Butterfly Kisses in it, which reminds me of butterfly positions and straddles and other derivative hoot
2008/09/22 [17:07] <+WebPixie-1> instead of calculus, market derivitives turned out to almost literally be house of cards, it seems
2008/09/22 [17:07] <+Karoli> mp more than your retirement plans tho.
2008/09/22 [17:08] <+WebPixie-1> i like the title of the blog too, abierto
2008/09/22 [17:08] <+michaelpinto> Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.html
2008/09/22 [17:08] <+Abierto_cc> que sera sara?
2008/09/22 [17:09] <+Karoli> stop paulson's plunder http://www.democrats.com/stop-paulsons-plunder
2008/09/22 [17:09] <+WebPixie-1> hope connected geek contacts you, abierto
2008/09/22 [17:09] <+Abierto_cc> Karoli says she sent it
2008/09/22 [17:09] <+Karoli> WebPixie I sent it to him already
2008/09/22 [17:09] <+Abierto_cc> but email gratefully accepted at abierto@abierto.cc
2008/09/22 [17:09] <+WebPixie-1> thanks for letting me know, karoli - i'm sitting here going fret-fret-fret
2008/09/22 [17:10] <+Karoli> steve's right. they use fear
2008/09/22 [17:10] <+WebPixie-1> must be because of that real estate closing tomorrow
2008/09/22 [17:10] <+Karoli> didn't occur to any of us that it was weird to have a hundreds-page document full of legal <censored> ready to sign on Day One
2008/09/22 [17:10] <+WebPixie-1> hope you meant the chat, karoli
2008/09/22 [17:10] <+Karoli> Yep WebPixie. that's what i meant
2008/09/22 [17:11] <+WebPixie-1> it appears that you didn't lose the chat when cg and I did
2008/09/22 [17:11] <+Karoli> probably because I had a phone call come in when you all lost it
2008/09/22 [17:11] <+Abierto_cc> anyone else got a 401K that's puddling?
2008/09/22 [17:11] <+WebPixie-1> rats, i wanted to see wjc on vue -oh well, can't consume ALL media
2008/09/22 [17:12] <+WebPixie-1> lucky you, karoli ;)
2008/09/22 [17:12] <+WebPixie-1> decided it was time to quit looking at it again, abierto
2008/09/22 [17:13] <+Abierto_cc> me too... I'll check it again in february, unless I get a registered letter that the fund has been dissolved
2008/09/22 [17:13] <+WebPixie-1> fretfree - fretfree - fretfree
2008/09/22 [17:14] <+WebPixie-1> better not dissolve or there will be riots in the streets
2008/09/22 [17:14] <+WebPixie-1> thanks all!
2008/09/22 [17:14] <+Karoli> bye
2008/09/22 [17:14] <+Abierto_cc> buh bye
2008/09/22 [17:14] <+michaelpinto> bye
2008/09/22 [17:14] <@TinaGillmor> Nice... thanks everyone
2008/09/22 [17:14] <+WebPixie-1> buy bye
2008/09/22 [17:14] <+Jari_Ra> Thanks for the show...
2008/09/22 [17:14] <+michaelpinto> q. when is the gang?
2008/09/22 [17:14] <+WebPixie-1> thank you tina
2008/09/22 [17:14] <@TinaGillmor> thank you for coming
2008/09/22 [17:15] <+WebPixie-1> pleasure has been mine :)
2008/09/22 [17:15] <+WebPixie-1> c
2008/09/22 [17:15] <+WebPixie-1> cya next time!
2008/09/22 [17:17] <@stevegillmor> thx all, Jerry
2008/09/22 [17:22] <+Mickeleh> Thank you all
2008/09/22 [17:23] <+Mickeleh> "Well he does sound crazy. gotta run." Great exit line.
Session Close: Tue Sep 23 00:00:02 2008