Category Archives: Miscellaneous

Forrest Gump Explains Mortgage Backed Securities

Posted on October 24, 2008 by MAD

(Passed to me via email, but worth posting) Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated … Continue reading →

Posted in Commentary, Miscellaneous | Leave a comment

Duke Update V

Posted on September 19, 2008 by MAD

Down to 113,000 Customers.  I understand some folks are getting mighty testy out there…  Just keep in mind there are folks in Texas who won’t have power for a month. It sure would suck but it wouldn’t be the end … Continue reading →

Posted in Commentary, Homestead, Miscellaneous | Leave a comment

Duke Update IV

Posted on September 18, 2008 by MAD

Now down to 212,000 Customers out. Note there are far fewer of these: Which means the job is only getting harder for them to make headway.   I feel for those who still don’t have power. We hope to get our … Continue reading →

Posted in Commentary, Homestead, Miscellaneous | Leave a comment

Duke Update III

Posted on September 17, 2008 by MAD

From 529,000 yesterday at this time to 311,000 customers aint too shabby. I understand that by the end of today they expect 85% of the 300k left to have power restored.   The bad part is that will be the bulk … Continue reading →

Posted in Commentary, Homestead, Miscellaneous | Leave a comment

Duke and the outages II

Posted on September 16, 2008 by MAD

Yesterday on the way home I was listening to the radio and people were bitching that you couldn’t find a Duke truck with a search warrant. At that time two very large trucks were working on the transmission lines that … Continue reading →

Posted in Commentary, Homestead, Miscellaneous | Leave a comment