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December 15, 2008

You asked for it, you got it. Here's your open thread for the day, where you are welcome to talk about anything you want. Let's still try to keep it PG-13 and as polite as possible. This should be interesting!

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No pic???

Posted by: daveinbedstuy at December 15, 2008 10:52 AM

Come on, Mr. B..at least give us a picture of a mushroom cloud or something.

Posted by: bayridgegirl at December 15, 2008 10:53 AM

Want me to send the truffle pic back???

Posted by: daveinbedstuy at December 15, 2008 10:54 AM

Look if you want a "Open Discussion" thread then restore my privileges to post in the form and I will stay there. I post the topic and have the shoot out with the Asshats.

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 10:54 AM

sooo if anyone reading this was part of the huge gaggle of carolers last night, thanks you cheered me up! (it was kidna strange, i was in my room then i hear christmas songs and i peep out the hole and saw a gazillion people flood the lobby singing hahaha. ive never seen real life christmas carolers before.

*rob*

Posted by: PitbullNYC at December 15, 2008 10:55 AM

That's not what the Forum is for.

Posted by: daveinbedstuy at December 15, 2008 10:56 AM

i saw The War on Drugs at Union Hall yesterday.

just in case anyone cared.

Posted by: Santa at December 15, 2008 11:00 AM

Good then I will set the topic!

Madoff Said to Use Unregistered Side-Unit for Clients (Update2)

http://www.bloomberg.com/apps/news?pid=20601087&sid=axDtc7b0L9mY&refer=home

Dec. 15 (Bloomberg) -- Federal investigators working through the weekend to unravel Bernard Madoff’s alleged $50 billion Ponzi scheme found evidence he ran an unregistered money-management business alongside his firm’s brokerage and investment-advisory subsidiaries, two people with knowledge of the inquiry said.

Honey, could you please get my Hedge Fund on the phone!

**** Ding Ding Ding*** **** The number you just called has been disconnected, No further information is available. ****

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 11:01 AM

Thank you Mr. B!

Posted by: cobblehiller at December 15, 2008 11:02 AM

GREAT...now we have nothing to talk about!
Usually, the posts start in reference to the thread and then veer off. Now there's no topic to veer from....hhhmmmm.

How bout them Mets!

Posted by: bayridgegirl at December 15, 2008 11:03 AM

What, I'm so totally blown away by these guys - between Drier and Madoff - my head is spinning!

Posted by: cobblehiller at December 15, 2008 11:04 AM

i found a Spongebob Squarepants ice cream making machine on the street yesterday!

*rob*

Posted by: PitbullNYC at December 15, 2008 11:05 AM

cobblehiller...its the fact that the market has still remained pretty strong through this whole thing that people should focus on.

Posted by: daveinbedstuy at December 15, 2008 11:05 AM

Nope, you're on topic BRG - The Mets invested with Madoff!

Posted by: cobblehiller at December 15, 2008 11:06 AM

Anyone know how to run a methadone clinic? I know where there's some space to rent.

Posted by: daveinbedstuy at December 15, 2008 11:07 AM

This isn't going so well.
When we have to come up with a topic, we fail.

How about the weather? It's really nice out.

Posted by: bayridgegirl at December 15, 2008 11:16 AM

Why do you say that Dave - I mean how do you see the market as strong? (serious question)

Posted by: cobblehiller at December 15, 2008 11:18 AM

I went to Trader Joe's for the first time yesterday, the one on Atlantic and Court. Nothing out of the ordinary except for one thing: their frozen meat section is unbelievable. I'm totally buying all my meat there from now on.

Posted by: infinitejester at December 15, 2008 11:18 AM

speaking of methadone clinics... there is one like a block away from where i work.. ive been working the same block for the last 8 years and i never knew there was a methadone clicic right near by. but for years now every morning there's a huge group of shady people with junkie face all standing around yelling at each other, ordering coffee with 5305 spoons of sugar, and meh i dont know where im going with this actually.. but yeah anyway i guess i just always wondered why they were always in this area (spring & broadway in soho). i did peek in the methadone clinics windows a few time, im curious like that. they have really funny signs up.. back in the day my biological mother was in a methadone maintenance program. not sure if she still is or not, no one has heard from her in over 10 years.

*rob*

Posted by: PitbullNYC at December 15, 2008 11:19 AM

"What, I'm so totally blown away by these guys - between Drier and Madoff - my head is spinning!"

There is never one cockroach. This is a big domino and plenty of wealthy people got screwed!

"cobblehiller...its the fact that the market has still remained pretty strong through this whole thing that people should focus on."

No Dave! This is like when the Tsunami first hit. All of the animals left the beaches days before because they knew something was wrong. The Humans watched the water get sucked of the beaches and stood in amazement at the title wave! When everything was over the Animals gored on the flesh of the dead humans. This the same thing going on right now. The Madoff thing was real bad because when rich people start to lose money, its game over...

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 11:20 AM

Speaking of What > Madoff > Mets > real estate -- anyone wonder if the Love Lane condos will be impacted by all this?

Posted by: Ringo at December 15, 2008 11:23 AM

cobblehiller...the market is taking all the continued bad news quite well. It also looks like it wants to break above its 50 day moving average...which would be a strong signal. For now, it's a trade...it could go up 15% or 40% but it probably will correct down again after that. No one is yet sure where the economy will bottom.

Posted by: daveinbedstuy at December 15, 2008 11:24 AM

I think all thing related to the Mutant Asset Bubble is affected! Madoff OD'd on the Anti-Gravity machine. Scotty is yelling "We need more Lithium crystals, Captain"!!!

The What

Someday this war is gonna end..

Hey Cobblehiller The Mets got K-Rod and JJ Putz! I know Rod and Putz but we won't blow games after the 7 inning...

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 11:28 AM

Too many 'off-topics' here....my head is spinning.

I think we need multiple 'Open Threads'
Open Thread - Finance
Open Thread - Neighborhood
Open Thread - Social
Open Thread - Real Estate
Open Thread - Bickering
Etc.

Posted by: bayridgegirl at December 15, 2008 11:29 AM

Dave, But if no one is sure when the economy will bottom, then isn't there a strong chance that markets, etc. will still drop more? That we haven't found the 'real' bottom?

Posted by: cobblehiller at December 15, 2008 11:30 AM

should call it masturbatory thread

Posted by: cb6 at December 15, 2008 11:34 AM

What,

I just can't believe how many people put their eggs in Madoff's basket. And then in the Daily News yesterday - did you see the older couple that lost A MILLION dollars. Their life savings/retirement money.

Drier is just a LOON. I think HE went off his meds.

Re: Mets - from your lips to G*d's ears! The Mets HAVE to do better next year. I mean at least get into the playoffs!

Posted by: cobblehiller at December 15, 2008 11:34 AM

The market typically bottoms 6 months before the economy does. Nothing is typical about this so knowing anything with any degree of certainty is difficult. It's all about when people collectively (the market) feel a bit more comfortable about taking on more risk. They will be big sellers of Treasuries and buyers of equities, especially riskier ones like emerging markets. This trade is not for the faint of heart but if you're invested for the longer term stay put.

Posted by: daveinbedstuy at December 15, 2008 11:34 AM

Dave - I'm a pharmacist. Lets open that clinic!!

Posted by: troll at December 15, 2008 11:36 AM

There were a lot of red flags about Madoff. Barron's wrote about it on May 7, 2001. One of my colleagues took a cursory look at it for one of her clients and said no way. The returns he showed were too good to be true. Luckily her client took her advice.

Anyone that puts ALL of their money in one investment is completely foolish.

Posted by: daveinbedstuy at December 15, 2008 11:38 AM

This Madoff thing is the nail in the coffin of free market/deregulation loonies. See ya later kudlow.

Posted by: billyboomer at December 15, 2008 11:41 AM

So 6 months after the market bottoms, but when do we know if the market * has * bottomed? And don't you think that this 1st quarter is going to be a big downer with the suggested job losses that may be comming? Or is that a good thing - market wise - in that companies will be stronger financially after the 'blood-letting' is over?

I'm in for the long haul. It's the short term job market that I'm worried out about! [It's all about me, of course!]

Posted by: cobblehiller at December 15, 2008 11:43 AM

I posted this in another thread, but I am interested in someone's answer, if they know - those Google satellite maps are amazing. I could spend hours looking at different streets all over everywhere. Did they just do this in NY and other major cities, or do they have sat maps for the entire world? What an undertaking. I'm in awe.

When did they do this, anyway?

Hey, it's an off topic thread, why not?

Posted by: Montrose Morris at December 15, 2008 11:44 AM

I just can't believe how many people put their eggs in Madoff's basket.

Cobblehiller this the tip of the iceberg! I bet Hedge Funds and Brokerage Houses are getting calls from all over the world and I think the fuel for the Mutant Asset Bubble gets pulled ASAP! Massive redemption calls coming your way and I bet other people are scrambling to get liquid right now! I thought the market would be OK until Obama get sworn in but maybe this crash get stared now!

"Re: Mets - from your lips to G*d's ears! The Mets HAVE to do better next year. I mean at least get into the playoffs!"

Did you know the Mets blew 27 games when leading after 7 innings?! The closing core sucked last year but with K-Rod and Putz, it's lights out baby! I wished they would have signed Iberez, he went to the Phillies, who I think may repeat as Champs, they have a great team. But let's see! 8 weeks to Pitchers and Catchers...

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 11:47 AM

Did you read that Madoff article in the NYT this weekend, too. Wow, the part about the SEC investigation was a little stunning, no?! The Barron's thing was surprising in that this guy continued to have such success. Were people just so dazzled by the returns? Or do they really not do much research?

Posted by: cobblehiller at December 15, 2008 11:50 AM

The Love Lane Condo Project is a disaster. It was one of the worst real estate blunders I have ever seen. The old garage was a cash cow. Instead of something that everyone needs -a garage- they are putting in something that nobody needs ot wants-new condos. Now, with the glut of new condos in Brooklyn, it looks like the developers have finally accepted the grim reality that they are investing in a project that will produce condos with no views, situated on a service alley, in a former garage, that is kind of ugly and squat. What were they thinking? They killed the goose that laid the golden eggs.
I think there is still time to put the project on reverse and create a state-of-the-art parking garage where there has always been a garage. Unlike yet more condos, it will make money hand over fist.

Posted by: Inigo at December 15, 2008 11:52 AM

"Were people just so dazzled by the returns? Or do they really not do much research?"

I'm doing some work but please read this..

http://www.deepcapture.com/

You Government and Financial Systems was hijacked by criminals under Bush!

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 11:54 AM

Inigo, I agree with you completely on the Love Lane Condos.

Next off-topic topic...nobody's mentioned the Iraqi reporter who threw his shoes at bush? I thought the guy had really good aim (unfortunately, not good enough, though) and looked like that wasn't the first time he's done that. Apparently, throwing your shoes at someone is the worst insult one can do in those parts...

Posted by: Biff Champion at December 15, 2008 11:56 AM

Rod and Putz! that's a riot. Hadn't made the connection yet. PErhaps the mets should add another guy in "schlong" relief.

Posted by: wasder at December 15, 2008 11:57 AM

Re: Madoff, I think Madoff's success all these years is, in great part, a combination of ignorance, greed, and the fatal blind trust and comfort of placing one's money with "one of your own", someone in the same income bracket, same country club, shared interests and background. I don't think people deserve what happened to them, but it emphatically illustrates the need to do research, wait and ask questions and get advice, and realize that if something looks too good to be true, it ALWAYS is.

Posted by: Montrose Morris at December 15, 2008 11:58 AM

Yes, founded by the CEO of Overstock.com... Another obsessive nutcase.

Posted by: daveinbedstuy at December 15, 2008 11:58 AM

I'm also surprised nobody has talked yet today about U.S. homes losing $2 trillion in value. The What, I would have expected you to mention this (I'm not trying to bait you; I really thought you would have picked up on it - unless you've mentioned it somewhere else).

Posted by: Biff Champion at December 15, 2008 11:58 AM

"Rod and Putz! that's a riot. Hadn't made the connection yet. PErhaps the mets should add another guy in "schlong" relief."

wasder, I also think they need to strengthen the 4-5-6 batting spots. They left way too many schmucks on the pond last year.

Posted by: Biff Champion at December 15, 2008 12:02 PM

Inigo, according to certain people on this site, there is no such thing as a condo glut. How could you even suggest it?

That said, yet another story of proposed unnecessary condo development causing the destruction of perfectly good structures, ie, Bay Ridge Church, the church in Vinegar Hill, Love Lane Garage, and countless other sites, including the biggie, Ward's Bakery and the warehouses in Williamsburg/Greenpoint.

Posted by: Montrose Morris at December 15, 2008 12:04 PM

toooooo many topics...my head is spinning.

Also, what about the backlash against SNL regarding the Governor.

Posted by: bayridgegirl at December 15, 2008 12:08 PM

"if something looks too good to be true, it ALWAYS is."

Too true, MM, too true.

wasder: I am leaving that Rod/Putz comment alone. But I have to tell you, your comment in the Friday thread about 'not singing Kumbaya' with What, almost made me pee in my pants it was so funny. The mere thought of you & What locking arms...was too good...

Biff: I think it's hitting the sole of your shoe on someone that is the insult. I have to say, the guy had good aim! I think I heard that he said "President Bush, this is a goodbye kiss for you, you dog!"

Posted by: cobblehiller at December 15, 2008 12:10 PM

re: Love Lane, I was asking specifically because wasn't the Mets owner the main investor?

But yes, I agree the idea was not smart especially there seemed to be no price resistance at that location. They could have charged 500+ and would have been full. I was priced out myself long ago.

Posted by: Ringo at December 15, 2008 12:10 PM

Perhaps the most disturbing subject of all from last week that hasn't been discussed here:

The passing of Bettie Page!

Posted by: Biff Champion at December 15, 2008 12:10 PM

"Yes, founded by the CEO of Overstock.com... Another obsessive nutcase."

No Dave, they ruined a very good company.

"wasder, I also think they need to strengthen the 4-5-6 batting spots. They left way too many schmucks on the pond last year."

Biff, the Mets was 6 in the league in scoring last year. They bullpen just sucked and blew games and BTW I think 5 of those loses was to the Phillies last year. Imagine if they won those games...

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 12:11 PM

Focus, BRG, focus! Jump in!

Posted by: cobblehiller at December 15, 2008 12:11 PM

Go Phillies.

Posted by: daveinbedstuy at December 15, 2008 12:12 PM

"I'm also surprised nobody has talked yet today about U.S. homes losing $2 trillion in value."

Biiff no one cares about housing any more, that's 2007! Now we are concerned with the collapsing of the Mutant Asset Bubble (Big Picture). That 2 Trillion is a drop in the bucket!

The What

Someday this war is gonna end...

The Bush shoe thing was hilarious but I think it was staged. If that guy had a knife and could throw it like a professional Bush would've been dead...

Posted by: Return of The What at December 15, 2008 12:15 PM

Define the new MAB What if you say it doesn't concern housing now.

Just which assets SPECIFICALLY are you now talking about. There is actually only one answer. There is One asset class that is approaching the top of a bubble. Any idea what it is????

Posted by: daveinbedstuy at December 15, 2008 12:17 PM

BRG, SNL has been awful for years. It got a shot in the arm from Tina Fey during the Palin campaign, but there are a million funnier shows to watch.

cobblehiller, someone said to me that throwing the shoe was uncalled for. I replied that killing hundreds of thousands of innocent Iraqis was probably more uncalled for. Fermez la Bush!

What, I know, I was trying to work in a bad joke there with a reference to their offense, which was in fact impressive. You're right; the bullpen was atrocious and the cause of their collapses over the past two years. It'll be interesting to see how much Wilpon lost to Madoff and if and how it will impact the Mets. I know the Mets are saying it won't impact them, but I'm not sure I buy that.

Posted by: Biff Champion at December 15, 2008 12:17 PM

SNL has been awful for years and Biff's right...the Tina Fey thing was to SNL as a $15B bailout will be to the autos.

Posted by: daveinbedstuy at December 15, 2008 12:19 PM

"The Bush shoe thing was hilarious but I think it was staged. If that guy had a knife and could throw it like a professional Bush would've been dead..."

I thought it was hilarious and surreal but don't believe it was staged. That shoe was traveling fast and would have done some damage to the head if it hit the target (or perhaps knocked some sense into it).

Posted by: Biff Champion at December 15, 2008 12:21 PM

Biff Citi field is a cash cow for Wilpon! He has the money to pay his players. The Madoff thing is his own personal money! With the Mets Channel, new ball field and better players the Mets will do about 3.5 million this season.

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 12:23 PM

Sub Prime Mortgage Crisis is a drop in the bucket according to experts, compared to the Alt-A and Option Arms whose teaser periods are not due until the earliest Jan 2009 and thru Jan 2012, another TRILLION plus! And 70% will default and many are defaulting with just the small payments!!!

Posted by: bmfesq at December 15, 2008 12:23 PM

I got a $25 sweater at the Gap yesterday.

Anyone have a 20% coupon for PotteryBarn? I hear that they are floating around. I want to pick up this for my dining room. What do you think B-stoners?

http://www.potterybarn.com/products/p9148/index.cfm?pkey=ctrack%2Dlighting%2Dkits

Posted by: Adam Dahill at December 15, 2008 12:24 PM

Throwing a shoe at someone is not considered a good thing in any culture.

Posted by: Inigo at December 15, 2008 12:25 PM

What: re: Deep Capture - that was a pretty scary read. Can we just skip the next chapter and get to the part where we bring back the stockades and put them out on the Battery?!

Posted by: cobblehiller at December 15, 2008 12:25 PM

"Focus, BRG, focus! Jump in!"
I can't focus..too much going on here.
Madoff, the Mets, MAB, treasuries, Love Lane, housing, shoes, ice cream maker, SNL, Betty Paige.

Totally agree about SNL...but I am interested in Weekend Update ;)

Posted by: bayridgegirl at December 15, 2008 12:28 PM

Throwing a shoe at someone is not considered a good thing in any culture. - Especially if it hits you in the head! ; )

Posted by: cobblehiller at December 15, 2008 12:30 PM

Did Anyone visit any open houses this weekend? I went to a cororan one at 250 park place and there were quite a few people. There was another apartment for sale in the same building by owner and they didn't seem to be getting anyone other than over flow from Corcoran.Really sad too because that apartment was pretty spectacular in the general price range. I hope they near their ask. What do you think about FSBO getting overflow clients from brokered apartments in the same building?

Posted by: JENNYFROMTHEBLOCK at December 15, 2008 12:30 PM

"cobblehiller, someone said to me that throwing the shoe was uncalled for. I replied that killing hundreds of thousands of innocent Iraqis was probably more uncalled for. Fermez la Bush!"

I believe that was actually funny Biff!

Posted by: cobblehiller at December 15, 2008 12:31 PM

I would have thrown my glass pump at Bush.

Posted by: bayridgegirl at December 15, 2008 12:31 PM

"What: re: Deep Capture - that was a pretty scary read.

See! This is why I rant!!!! People don't understand how deep this thing goes. When I was doing Real Estate I watched this whole thing unfold. We are living in "interesting" times..

"Can we just skip the next chapter and get to the part where we bring back the stockades and put them out on the Battery?!"

No because they are part of the "Ckick Clak Crew! They kids go to school together they "swing" with each other and they are part of the Mutant Asset Bubble plutocratic crowd, AKA "Good Old Boys"..

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 12:34 PM

"Fermez la Bush" really is one of your better ones, Biff. Mr. B. needs to program in an obigatory rim shot.

Posted by: Montrose Morris at December 15, 2008 12:35 PM

WHAT....Hello!!!!!!

Define the new MAB What if you say it doesn't concern housing now.

Just which assets SPECIFICALLY are you now talking about. There is actually only one answer. There is One asset class that is approaching the top of a bubble. Any idea what it is????

Posted by: daveinbedstuy at December 15, 2008 12:17 PM

Respond for once or there is no credible MAB anymore.

Posted by: daveinbedstuy at December 15, 2008 12:35 PM

Those are really nice Adam.

Honest comment: It think this fixture looks a little more kitchen-y than diningroom-ish.

Posted by: cobblehiller at December 15, 2008 12:35 PM

Did anyone attend any open houses yesterday? Impressions?

Posted by: nyc87 at December 15, 2008 12:38 PM

""Fermez la Bush" really is one of your better ones, Biff. Mr. B. needs to program in an obigatory rim shot."

Thanks MM (and cobblehiller before that). Actually, I would prefer an Ed Sullivan-esque "HEEEEEYYYYYY-OHHHHHHHHHHH!!!!" Given Ed's recent brush with foreclosure, it would be more a propos with this blog.

Posted by: Biff Champion at December 15, 2008 12:39 PM

"Did anyone attend any open houses yesterday? Impressions?"

Sorry, I don't do impressions. HEEEEEEYYYYY-OHHHHHHHHHHHHH!!

NYC87, check out JENNYFROMTHEBLOCK's comment above at 12:30 PM

Posted by: Biff Champion at December 15, 2008 12:40 PM

That would be Ed MacMahon

Posted by: daveinbedstuy at December 15, 2008 12:41 PM

Here Dave, OK? After 911 Greensperm lower the FED fund rate to 1%. This cause speculation in many asset classes. Hence the MUTANT ASSET BUBBLE was born..

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 12:42 PM

What: I get it, it's freaky reading this stuff!

I think you might need one of these MRAPs for when you have to leave the bunker...[another horrifying story.]

http://www.deepcapture.com/hedge-funds-to-us-soldier-i-need-a-maybach-so-you-can-die-too/

Posted by: cobblehiller at December 15, 2008 12:44 PM

Hi Montrose,

Google added the satellite maps sometime in 2004, I think. I remember sitting in my apt in Jackson Heights and googling my mom's roof in California.

What did everyone do this weekend? I see Rob heard singing. That's nice. I've been practicing my SnarkSlope lyrics. Well, not really.

We saw the Elizabeth Peyton show of portrait painting at the New Museum and then tried a new (to us) restaurant, Bacaro, in Chinatown. Both were kind of scene-y and fashion-y and we had a good time. Attended the vigil march/rally/protest in honor of Jose Sucuzhanay Sunday. I feel so bad for him and his family. About 300 people attended, a truly diverse crowd. The Brooklyn D.A. was there and seemingly every assembly person and community board member. The D.A. said the case is the No. 1 case in his office.

Posted by: mopar at December 15, 2008 12:46 PM

bmfesq- I'm going to have to disagree with you on the alt-a loans and most option arms adjust monthly right from the get go.

The vast majority of Alt-A arms were LIBOR arms and your typical 5/1 Libor arm carried a margin of 2.25% With todays LIBOR at 2.42% Borrowers if their rate adjusted today would end up with a 4.67% rate. Pretty good.

The subprime arms are what you had to watch out for, some had margins of 6%-8%

Posted by: Adam Dahill at December 15, 2008 12:46 PM

"That would be Ed MacMahon"
Geez, thanks DIBS, that's what I meant to say! Another bad joke ruined. I believe Ed Sullivan was the one who, when asked about the George Bush footwear tossing incident, remarked, "That was a really big shoe!"

Posted by: Biff Champion at December 15, 2008 12:46 PM

Oh, Biff....(holds head in hands)

Posted by: Montrose Morris at December 15, 2008 12:50 PM

"There is One asset class that is approaching the top of a bubble. Any idea what it is????"

The last one, the nuclear warhead of all! The Bond Market...

The What

Someday that thing is gonna blow..

Posted by: Return of The What at December 15, 2008 12:51 PM

Well, mopar - since you asked: I baked another several hundred cookies (I'm almost done) and went to a tree trimming party where they served really delicious empanadas. And we bought a Christmas tree bush in a pot! I'm very excited about it!

RE: Elizabeth Peyton show of portrait paintings at the New Museum. - My neighbor just recommended this to me yesterday - I have to get out more.

Posted by: cobblehiller at December 15, 2008 12:53 PM

thanks cobblehiller, my place is a loft so I really don't have a dining room per se, more of a dining area over in the corner. I have a rather large table that seats 10 so I want lighting that would be good at both ends of the table and I think it works with the industrial loft feel that I have going on. I can't make up my mind. It has that early 20th century art deco feel which I like.

Coupons, anyone? I'm trying to do my part and spend some money.

Posted by: Adam Dahill at December 15, 2008 12:53 PM

"Oh, Biff....(holds head in hands)"

And shakes from side to side as yelling, Wwwwwhy!

Posted by: bayridgegirl at December 15, 2008 12:55 PM

Mopar, I hope they catch the sob's soon. There isn't much worse than killing someone because you don't like their race, ethnicity gender, or sexual orientation, presumed or otherwise. There is a reason hate crimes send more than the usual chill down your back. No one is safe. Thank you for going to the rally.

Posted by: Montrose Morris at December 15, 2008 12:56 PM

Re-write:

"Oh, Biff....(holds head in hands). And shakes from side to side as yelling, Wwwwwhy! Wwwhy can't BRG ever post anything as funny as this??"

Posted by: Biff Champion at December 15, 2008 1:01 PM

Correct What. Anybody hiding in treasuries is gonna get their ass whipped. Time to deploy that money into real estate and stocks!!!!

Ding, ding, ding.

Posted by: daveinbedstuy at December 15, 2008 1:03 PM

Adam: Oh! Then I like it very much for your purpose! Very nice! Hope you find a coupon, I'll look for one at home tonight.

Posted by: cobblehiller at December 15, 2008 1:05 PM

Adam...i'm still going to wait for lower rates. I have to check the rate on the other property too.

Posted by: daveinbedstuy at December 15, 2008 1:07 PM

I would have thought all the complainers from the "A Thought on Comments" thread would be tearing it up with their insightful on-topic posts in the other threads today given the usual suspects are pretty much staying here; yet there is barely any activity in the other stories.

Just saying...

Posted by: Biff Champion at December 15, 2008 1:10 PM

Adam,

The 20% off Pottery Barn coupon code expired yesterday. Sorry!!

Posted by: TownhouseLady at December 15, 2008 1:12 PM

Biff...they are all lurking here.

We know which post will be the longest day in and day out now. I wish Mr. B would use some of the old pics that we so loved...the contortionist typist, the Brighton Beach ladies, the taco place and...my favorite, the hot latin guy on the backloader.

Posted by: daveinbedstuy at December 15, 2008 1:13 PM

"Oh, Biff....(holds head in hands). And shakes from side to side as yelling, Wwwwwhy! Wwwhy can't BRG ever post anything as funny as this??"

Biff. I wish I could post my funnies here ;)
If, I could at least they'd be referenced correctly.

Adam - Light looks nice.
for a variety of lighting, check out www.ylighting.com, on of my favorite sources.

Posted by: bayridgegirl at December 15, 2008 1:14 PM

Can we talk about open houses this weekend?

Posted by: JENNYFROMTHEBLOCK at December 15, 2008 1:16 PM

"Correct What. Anybody hiding in treasuries is gonna get their ass whipped. Time to deploy that money into real estate and stocks!!!!"

Oh hell to the no! Governments will have raise taxes because the interest rate on debt will go up! Mortgage interest rates will got up also and will mean game over..

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 1:18 PM

rate cut tomorrow guys.

Posted by: daveinbedstuy at December 15, 2008 1:21 PM

You still haven't apologized for the Mexican remark. I'm Mexican by injection!!

Thought this off topic thread needed a bit of spicing up!!!!

Posted by: daveinbedstuy at December 15, 2008 1:22 PM

What mexican remark?
Please don't make me go back and read a post by the what. I tend to skip over them.

DIBS, as long as you keep it PG-13.
I'm going to hold my tongue on the rest.

Posted by: bayridgegirl at December 15, 2008 1:29 PM

10:06 in the SRO thread

First post of the day and he's already being a stupid racist.

Posted by: daveinbedstuy at December 15, 2008 1:30 PM

"I'm Mexican by injection!!"

I usually dislike the risque humor...but that is hilarious DIBS!

Posted by: cobblehiller at December 15, 2008 1:30 PM

"Mexican by injection" I nearly spat my soda all over the computer when I read that.

Those coupons come out all the time. I'm going to sit and wait. In the mean time I'll check out that site BRG.

I'm keeping my fingers crossed for lower rates. We are seeing a lot weird stuff going on right now. We are making more money selling 5.25% rates than 5.5% rates.

Posted by: Adam Dahill at December 15, 2008 1:34 PM

Well! I guess THAT was a conversation stopper!

Dave, you didn't answer my earlier question, I'm curious to hear what you think:

So 6 months after the market bottoms, but when do we know if the market * has * bottomed? And don't you think that this 1st quarter is going to be a big downer with the suggested job losses that may be coming? Or is that a good thing - market wise - in that companies will be stronger financially after the 'blood-letting' is over?

Posted by: cobblehiller at December 15, 2008 3:05 PM

WOW. I go do some actual work and come back to find this ever exciting open thread...dead.

It must have been the light fixture... so offensive :)

Cobble...I would love to engage you, but I don't know anything about economics. I know nothing about how the world spins on the dollar.

Posted by: bayridgegirl at December 15, 2008 3:12 PM

It's an enigma cobble. We will only know that it has bottomed after it has started to rise. And if it looks like its premature and the economy continues to worsen then it will go down again.

If I knew when the actual bottom was I'd be living in the Connolly mansion from last week

Posted by: daveinbedstuy at December 15, 2008 3:18 PM

I know...I walked away...ran an errand - and zip, nada, nothing - it's like a bomb went off. It must have been Adam talking about 5.25% rates and 5.5% rates. Puts 'em right to sleep everytime...

Posted by: cobblehiller at December 15, 2008 3:18 PM

sorry...i was away at a meeting

Posted by: daveinbedstuy at December 15, 2008 3:19 PM

now Biff will come back and make a remark about Dave looking for a bottom!!!!

Posted by: daveinbedstuy at December 15, 2008 3:19 PM

"We will only know that it has bottomed after it has started to rise. And if it looks like its premature and the economy continues to worsen then it will go down again."

Oh, DIBS...The re-write I can do with this!

Posted by: bayridgegirl at December 15, 2008 3:22 PM

Someone called? Speaking of enigmas, one of my favorite quotes comes from Joseph Conrad in Heart of Darkness:

"Droll thing life is - that mysterious arrangement of merciless logic for a futile purpose. The most you can hope from it is some knowledge of yourself -- that comes too late - a crop of inextinguishable regrets."

Curiously enough, one of our fellow posters seems to like seven words uttered by Lt. Col. Kilgore in Apocalypse Now: "Someday this War is Going to End."

Posted by: Biff Champion at December 15, 2008 3:39 PM

"I love the small of napalm in the morning."

Posted by: daveinbedstuy at December 15, 2008 3:40 PM

cobble...The classic sign of a market bottom is not that the fundamental news goes from bad to good or even from very bad to not quite as awful, but that even genuinely disappointing numbers lose their capacity to shock investors; as happened Friday with the lack of an auto bailout and the Madoff thing.

Posted by: daveinbedstuy at December 15, 2008 3:45 PM

http://www.nytimes.com/2008/12/12/books/12book.html

There is a book that actually talks about poo mist!

Posted by: BH76 at December 15, 2008 3:47 PM

my god...I'll never again doubt another thing that PitBull says.

Posted by: daveinbedstuy at December 15, 2008 3:50 PM

Damn you, Biff...with that quote!!

Posted by: bayridgegirl at December 15, 2008 3:54 PM

"Curiously enough, one of our fellow posters seems to like seven words uttered by Lt. Col. Kilgore in Apocalypse Now: "Someday this War is Going to End.""

Also by Capt. Willard! I love the phase "Someday this War is Going to End." is because someday this crap is gonna end and maybe we can get back some sanity that we lost during the years of the Mutant Asset Bubble...

"I love the small of napalm in the morning."

The good people of this board better not hear me say these words, EVER! Because the gates of Hell are open and Lucifer is walking out to reek havoc and destruction across the financial world! That would be the day of reckoning...

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 3:58 PM

BRG, are you having inextinguishable regrets about wasting too much time watching Weekend Update?

Posted by: Biff Champion at December 15, 2008 3:59 PM

What, did you have in mind Capt. Willard or Lt. Col. Kilgore when you adopted the phrase? I always assumed it was the latter given I believe you've used the napalm reference here before as well.

Posted by: Biff Champion at December 15, 2008 4:01 PM

They're called cycles What. We'll be in another up cycle faster than your doomsaying could imagine.

Posted by: daveinbedstuy at December 15, 2008 4:02 PM

Ummm, that's wreak, not reek. Leaving that alone now.

What, I would love to finally hear from you what we are supposed to do while waiting for the war to end. I don't disagree that things are going to get worse before they get better, but you continue to celebrate the fact that you were right, and that you'll probably be ok. What about everyone else? It's not much fun being king when everyone else around you is dying, literally and figuratively. Look at Zimbabwe.

Posted by: Montrose Morris at December 15, 2008 4:08 PM

I don't 'watch' SNL...I have no regrets about Weekend Update.

BTW - Rodin's Gates of Hell are impressive.

Regrets, Biff?

Posted by: bayridgegirl at December 15, 2008 4:08 PM

LOL thanks for that link to book on going to the bathroom and i take issue with this quote.. (totally written by bidet company shills if you ask me>)
"“Using paper to cleanse the anus makes as much sense, hygienically, as rubbing your body with dry tissue and imagining it removes dirt.”

im sorry but it is absolutely not the same. the rest of your body doesnt produce self cleaning fluids like the female goob and the backside (im trying to keep this pg rated) of both sexes do. dry toilet paper back there is completely fine. you dont need to be spracking your backdoor gooberpie with water. i still dont even see how that would even work to begin with and it just seems messier!

*rob*

Posted by: PitbullNYC at December 15, 2008 4:10 PM

Regrets? I've had a few. But then again, too few to mention.

Posted by: Biff Champion at December 15, 2008 4:11 PM

Biff, some have been mentioned, I'm sure!

Rob, you use such colorful words. It's hard not to get visuals. Now, can you please stop!

Posted by: bayridgegirl at December 15, 2008 4:13 PM

Thanks for that bit of information rob.

Posted by: daveinbedstuy at December 15, 2008 4:15 PM

Nothing worse than Biff's lounge act.

Posted by: daveinbedstuy at December 15, 2008 4:15 PM

"What, did you have in mind Capt. Willard or Lt. Col. Kilgore when you adopted the phrase? I always assumed it was the latter given I believe you've used the napalm reference here before as well."

Both characters. Rent the movie and watch it (Redux Version).

"They're called cycles What. We'll be in another up cycle faster than your doomsaying could imagine."

No Dave this is not a cycle, this is the after effects of a Mutant Asset Bubble. The events in this last year are historical in nature. Most of our largest Banking Institutions are gone. The US Government is assuming liabilities for Citibank, AIG, Fannie Mae, Freddie Mac and Lehman Bros. Plus don't forget in Maiden Lane the NY Fed is still holding the liabilities of Bear Sterns.

Here you go Dave! I can do this all day long...

Fed Refuses to Disclose Recipients of $2 Trillion (Update2)

http://www.bloomberg.com/apps/news?pid=20601109&sid=apx7XNLnZZlc&refer=home

Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

Pay attention Boy's and Girl's at the quote "since the Great Depression.". This will be on the test..

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 4:16 PM

Rob, I'd hate to hear the 'R' rated version of your 4:10 post.

Posted by: bayridgegirl at December 15, 2008 4:16 PM

"Nothing worse than Biff's lounge act."

That's why lounge acts died out.

Posted by: bayridgegirl at December 15, 2008 4:17 PM

"since the Great Depression"

"Black Swan"

"historical"

blah, blah, blah

Posted by: daveinbedstuy at December 15, 2008 4:19 PM

"Both characters. Rent the movie and watch it (Redux Version)."
What, I watched the redux version not that long after it was released in 2001. The movie still holds up incredibly well.

"That's why lounge acts died out."
It's better to burn out, than fade away.

Posted by: Biff Champion at December 15, 2008 4:23 PM

I have to say one thing. This has been the most civil day ever on Brownstoner. I can't believe it! I'm having a conversation with Biff and not once I "went off". Please will someone call me a Asshat..

Later Guys..

The What

Someday this war is gonna end...

Posted by: Return of The What at December 15, 2008 4:26 PM

This will be on the test.

I'm saving some of these articles and magazines about the events of the past 6 months. I think they are historical, and I think that when we look back on this in 10 or 20 years - it's going to be something we won't have forgotten easily.

[And yes, I saved the NY'er and NYT magazines after 9/11.]

No more poo mist or poop stories, please?

Posted by: cobblehiller at December 15, 2008 4:28 PM

cobblehiller...the idea of the open thread was to not have an open thread police.

You ot to admit it was funny.

Posted by: daveinbedstuy at December 15, 2008 4:34 PM

i wasnt the one who brought up poo mist, but i did have to express my anger toward bidets.

*rob*

Posted by: PitbullNYC at December 15, 2008 4:37 PM

"It's better to burn out, than fade away."
It's better to burn out, then rust away.

Biff, you're getting rusty!

Posted by: bayridgegirl at December 15, 2008 4:55 PM

Sorry about the boring old interest rates. I have some poop stories if anyone wants to listen. Maybe I should have a bizaro handle for non mortgage related conversations. I can imagine a client of mine googling my name for references and long tirade about poop comes up.

OK, more un-specifed topics.

You know what really grinds my gears????
When you get pizza delivery and they mess up the slices. Like these guys don't make pizza all damn day long. You would think they would be experts at finding the center of a pizza and make uniform slices. I hate those little itty bitty slices.

Posted by: Adam Dahill at December 15, 2008 4:56 PM

"Please will someone call me a Asshat.."
- Posted by: Return of The What at December 15, 2008 4:26 PM

Anybody? Someone Please do it, already!

Posted by: bayridgegirl at December 15, 2008 4:58 PM

"It's better to burn out, then rust away. Biff, you're getting rusty!"

The only thing rusty is your recollection of Grade 4 grammar. By the way, is this off-topic thread going to be a daily feature or do we have to exchange all of our pleasantries for the week on Monday?

Posted by: Biff Champion at December 15, 2008 4:59 PM

I remember the first time I was in Europe. My hotel room's water closet included a bidet, and I had NO idea what the hell the contraption was to be used for. I was extremely drunk at the time, so I barfed into it. What a mess.

Posted by: East New York at December 15, 2008 5:06 PM

I've been digging that Christmas song from "the Waitresses" I love that sax solo.

Posted by: Adam Dahill at December 15, 2008 5:06 PM

Biff, that was a terrible come back!
Rusty, indeed.

"It's better to burn out, than fade away."
"It's better to burn out, then rust away."

Biff, do you realize that in a blink of an eye, someone could be gone!

Posted by: bayridgegirl at December 15, 2008 5:15 PM

Try, "It's better to burn out THAN rust away." It's only a terrible come back when the butt of the joke is as oblivious as you.

Posted by: Biff Champion at December 15, 2008 5:46 PM

Try, "It's better to burn out THAN rust away." It's only a terrible come back when the butt of the joke is as oblivious as you.

Posted by: Biff Champion at December 15, 2008 5:47 PM

I was wondering why there was a weird shift in my space/time gravitational field and then I read this and it made sense...

"I have to say one thing. This has been the most civil day ever on Brownstoner. I can't believe it! I'm having a conversation with Biff and not once I "went off". Please will someone call me a Asshat.."

This has got to be some kind of Brownstoner miracle. Personally I am all in favor of this.

Posted by: wasder at December 15, 2008 5:48 PM

I caught it Biff, I left it as is!!!
I'm not that stupid! I think faster THEN I type.

Posted by: bayridgegirl at December 15, 2008 5:51 PM

Damn you, Biff.
Now I'm thinking about everything I've ever written. If they were sub-standard?!?!?! I just submitted some stuff today, but now I'm thinking maybe I should have held off and proof-read them again.
Oh, well, I'm sure if there's something they don't like, they'll correct it.

Posted by: bayridgegirl at December 15, 2008 5:53 PM

What, are you turning into an Asshat?

[There - I tried to call What an asshat, but this was as close as I could get! ; ) ]

ENY: one word - ACK!

Adam: You mean you forgot cranberries too?!

Posted by: cobblehiller at December 15, 2008 5:54 PM

"I'm not that stupid! I think faster THEN I type."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
World's slowest typist

Posted by: Biff Champion at December 15, 2008 5:54 PM

Biff,
There's something I need to retract!
I was quick on the trigger!
I want the last 10 minutes back so I DO NOT hit the button.

Posted by: bayridgegirl at December 15, 2008 5:57 PM

You mean your 12:55pm post? Oh please don't worry about that. It's way in the past. I've already forgiven you and moved on.

Posted by: Biff Champion at December 15, 2008 6:01 PM

No, I mean the one you haven't seen yet!!!

I don't need forgiveness. I stand by everything I say. I rarely retract things.

Posted by: bayridgegirl at December 15, 2008 6:04 PM

Just think of it as What's little Christmas present to you wasder!

Say - where's that baby?!

Posted by: cobblehiller at December 15, 2008 6:08 PM

BRG, how can you retract something I haven't seen?

wasder, yes, are we all aunts and uncles yet?

Posted by: Biff Champion at December 15, 2008 6:13 PM

Obama appoints NYC HPD's Commissioner to oversee HUD and you're talking Pottery Barn coupons, bidets and pizza slices.
Worst thread ever. As a daily Brownstoner reader, even The What was disappointing.

Posted by: TdollBklyn at December 15, 2008 6:14 PM

"Worst thread ever."
The open thread will be the worst thread ever, everyday...be ready to be disappointed.

Posted by: bayridgegirl at December 15, 2008 6:17 PM

Sounds like a challenge; to make tomorrow's open thread even more disappointing than today's.

Posted by: Biff Champion at December 15, 2008 6:19 PM

Tdoll...try and understand what the open thread is about before posting. We don't want a lot of moronic jibberish cluttering up the discussion

BRG...you and I haven't sparred on anything recently.

Posted by: daveinbedstuy at December 15, 2008 6:20 PM

"BRG, how can you retract something I haven't seen?"

Then you're not looking for it, it's right there in front of you.
I know sometimes my posts seem as I'm speaking like a drunk, but like I said...

"I'm not that stupid! I think faster THEN I type."

Posted by: bayridgegirl at December 15, 2008 6:21 PM

Yes, Dibs, I spared you today.

Posted by: bayridgegirl at December 15, 2008 6:22 PM

Did you have your "interview" yet??

Posted by: daveinbedstuy at December 15, 2008 6:24 PM

I'm laughing so hard right now!!
yes.

I think someone else might ask me for an 'interview' also.

Posted by: bayridgegirl at December 15, 2008 6:27 PM

Did Biff leave? or is he trying to figure out what I meant by my 6:20. He's reading and re-reading all my words and trying to get a handle on the situation.

Poor guy, I'm always trying to beat him....but in reality he beats himself at this game.

Posted by: bayridgegirl at December 15, 2008 6:36 PM

I'm sure it is spoiling his holidays.

Posted by: daveinbedstuy at December 15, 2008 6:40 PM

I hope it's soiling something.

Posted by: bayridgegirl at December 15, 2008 6:45 PM

^^^^
YIKES!!! Spoiling something.

Posted by: bayridgegirl at December 15, 2008 6:48 PM

Oh poo mist, I had to file a story, and missed all this. Thanks Cobblehiller, Montrose, I am feeling all Christmas-y along with you. Caught the last bit of "It's a Wonderful Life." Isn't that about the First Great Depression? One of these days I'll have to catch the beginning of it.

The What, even Russia came back after the collapse of the Soviet Union. And we're nowhere near that -- yet. Eventually things will look up.

We have the inspection tomorrow on a house in Ocean Hill with original everything. Still can't decide though if we should leave our beloved Bushwick. The dilemna is:

Curtain No. 1: Fabulous house museum in OK neighborhood.

Curtain No. 2: OK house in fabulous neighborhood.

Posted by: mopar at December 15, 2008 6:56 PM

(I mean fabulous to us, of course. It's all relative.) (Also I'm obsessed with original kitchens.)

Posted by: mopar at December 15, 2008 6:58 PM

Ooh interesting mopar, good luck with your decision! Like the original kitchen idea - when you choose will you share photos?

It's a Wonderful Life is so great! I haven't seen it yet this year, but I will!

The 'spirit' has been a little slow in coming to me this year - but it's starting to throw little sparks here and there!

Posted by: cobblehiller at December 15, 2008 7:03 PM

Mopar, I have an "original kitchen". It's like an English unfitted kitchen, no wall or undermount cabinets, original sink with front legs, built in pantry and original cast iron and brass range hood. I have 2 hutches for storage and an old oak kitchen table from my childhood home upstate smack in the center of the room. While that sounds really nice, no way I'm sending photos anytime soon, as the plaster is falling down, floor looks like the Titanic (now), I have a bare lightbulb hanging from the ceiling, and the range hood still needs to be stripped of 10 layers of paint on the inside. One leg of the sink is leaning against the wall, and my window can't close all the way, and I've never had any counter space.

Other than that, I love it.

Posted by: Montrose Morris at December 15, 2008 7:17 PM

no baby yet. could be another week yet. thanks for asking though. it is likely you will know its the time when you don't see me for a little while. but until then, baby, what baby? haha

Posted by: wasder at December 15, 2008 7:19 PM

That should read - Built in cupboard, not pantry. I would kill for a real, separate pantry. Someday, the house I live in will have one, if I have to build it in there.

Posted by: Montrose Morris at December 15, 2008 7:20 PM

MM, my parents house over here had an original sink with legs, and one pantry closet and a walk-in dish closet. I think it must have had a door on it originally. I don't know if my parents removed it or if it was gone already. The sink was great because it had the second really deep side which was great for hair washing and soaking/dyeing/bleaching things. The ceiling was low - garden level, but tin, too! [Love that!]. It's all gone now - sadly.

Posted by: cobblehiller at December 15, 2008 7:43 PM

"what baby? haha"

Oh, you laugh now! : )

Posted by: cobblehiller at December 15, 2008 7:44 PM

If there's a throwdown in any of the topic forums then you just say "yo jerk, meet me in the open forum after school" and it's open season.

Posted by: werner at December 15, 2008 10:30 PM

Both these kitchens sound wonderful. Sure, I'll post photos if we get it. Maybe you can all come over for cookies. Montrose, that hood sounds rare. I take it the range is no longer under it? The kitchen we are inspecting is also "unfitted." No counters. I hope a table works just as well.

Does everyone know "Bungalow Kitchens" by Jane Powell? Lots of photos of old kitchens.

Posted by: mopar at December 15, 2008 10:41 PM

Mopar, I've seen similar hoods here in the 'hood (couldn't resist) - in a couple of houses in Bed Stuy. Both of them had the original cast iron wood/coal stoves under them, with the round galvanized pipe feeding into the chimney. My modern gas stove is sitting under the hood, but there is no exhaust system or anything, it's purely decorative.

Cobblehiller, I have the same sink. When I first saw it, the guy who sold me the house told me I should tear it out and replace with a modern sink and countertop. NOT! He also told me to rip out the built in and replace with some cabinets and another countertop. No way.

My plans for the room include a tin ceiling, someday. I am familiar wih Jane Powell's book, but I don't have it, it's on my very long Amazon wish list.

Posted by: Montrose Morris at December 16, 2008 12:21 AM

Oh, the Jane Powell book is definitely worth getting. Tons of photos. Largely of the West Coast, however, which is different. But there's a handful of pre-1920s kitchens with many photos and those are similar to what you describe.

I've never seen a hood in real life, only in the Powell book.

These kitchens sound very cool. The one we inspected today had a kind of weird wide shallow high fireplace. Turns out it was for a "range," a wood burning stove that was halfway built into the wall. Too bad the range wasn't still there.

Why would anyone rip out an original built-in and replace with crappy off the shelf non fitting particleboard cupboards? But apparently people do.

Posted by: mopar at December 16, 2008 11:43 PM

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December 15, 2008

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