Wednesday, August 13, 2008

The world continues to suck....

LITTLE ROCK, Ark. - A man barged into the Arkansas Democratic headquarters and opened fire Wednesday, fatally shooting the state party chairman before speeding off in his pickup. Police later shot and killed the suspect after a 30-mile chase

LAVONIA, Ga. - When police finally searched the squat white mobile home where they say a man held his family captive for three years, the place was so filthy and bug-infested that one officer had to wear a gas mask and another refused to continue.

Finally, a real time thought: Beyond credit card loans, when you are raising senior debt at 6.5%, as Citigroup (C) did yesterday with it's $3 billion senior debt issue, I am not sure what you can finance with a positive spread in today's market. Regrettably, the days of capital destructive debt issuance have begun.

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