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[lorb]

I'm not entirely convinced that participating in the system this way is the best way to make up for it's shortcomings.

By the way: Wouldn't it be better to instead of raising the money by relying on donations to take out a loan (of say $100k) and use that to buy debt (of say $1m) and thus "eliminating" debt without pouring more "fresh/new" money into the lending-industry?

[Sheb]

Who's going to lend you 100,000$ like this?

[Darvi]

Money lenders?

[Leafsnail]

a) You can't choose which debt to buy.

b) They don't just downgrade debt to 10% or 1% of its value randomly.  You have to be really clearly unable to afford the whole thing.

c) After being burned so badly by subprime mortgages they're going to be reluctant to make these terrible loans.

[Helgoland]

Well, with high interest rates.

Didn't Greece just start such a buyback program? Let's hope it works out for them, when I get into the job market I want this crisis to be over!

[Reelya]

http://mediamatters.org/blog/2012/12/05/laura-ingrahams-newsletter-doesnt-remember-when/191698

The December 5 edition of conservative pundit Laura Ingraham's newsletter attacked President Obama for recently meeting with MSNBC personalities, claiming that "if Fox News hosts and conservative personalities had stopped by the Bush White House to discuss policy" the press "would have been rightly outraged." But President Bush did meet with a group of Fox News and conservative personalities at the White House -- including Laura Ingraham. 

[Descan]

Par for the hilarious course.

[Urist Imiknorris]

Obviously anything they do isbeyond reproach.

[MetalSlimeHunt]

Ladies and gentlemen, it is official: DOMA and Proposition 8 are going to the Supreme Court.

DOMA is dead in the water. That's not even really a question. It violates the equal protection clause on its face and has never passed a constitutional challenge in lower courts.

Proposition 8 is going to be....interesting.

[misko27]

Hmm. Arguments will last till june of next year. Will be interesting now that John Roberts is Mister Swing-voter Extraordinaire.

[Sirus]

Here's hoping that Prop 8 gets struck down on the national stage, not just in the state.

[misko27]

It is, of course, concievable the courts could dodge the enire issue and solve them on strict results. The thing about California is that Prop 8 violated the Californian Constitution.

[MetalSlimeHunt]

Here's hoping that Prop 8 gets struck down on the national stage, not just in the state.

It's a state thing, it can't be struck down nationally.

It is, of course, concievable the courts could dodge the enire issue and solve them on strict results.

Possibly, but they probably would not have accepted it if they were going to do a strict resolution. They only accept so many cases per year, and strict resolutions are mostly a waste for the highest court.

The thing about California is that Prop 8 violated the Californian Constitution.

Once again, at least four members of the Supreme Court must have seen the potential that this is an issue concerning the US Constitution for this to have even been accepted.

[Sirus]

What I mean is that I'm hoping that the Supreme Court backs up the Californian Court's decision. If the Supreme Court instead turns around and says "Nope, should have let the votes decide", then the anti-gay crowd here will get some fresh wind in their sails.

[Truean]

All I will say is that THIS SCOTUS handling DOMA scares me. History is repeating; this is Brown v. Board all over again. Except this time, we may have a less reasonable court. The NAACP did not want Brown in SCOTUS then, because the risk of a bad result was too great. That is exactly my position, here, now, with this. I do not want DOMA in front of the current SCOTUS. I'm afraid they will order its enforcement.

I would much rather Obama got to replace a conservative justice to two before this case was decided. These are the same ones who said corporations are people (but only for the good parts of being people, can't jail them, or their directors), so who knows what on earth they'll come up with this time.

I will grudgingly respect this SCOTUS, solely and entirely because I have no choice. I don't trust it though.