Well after my last couple of articles became so unexpectedly popular, I thought it prudent to put a stop to that immediately, lest expectations of competent mirth-dealing become ingrained around here. Here then is the latest in my series of not-completely-unpopular articles on this little financial pickle we seem to be in. In this one I’ll talk about the latest plan unveiled yesterday to sink more government money into the hands of child-predator bankers. By arming yourself with this knowledge, hopefully you’ll be able to win some arguments, or better identify which of your elected officials are idiots and which are merely corrupt.
First, why does something need to be done to help those animal-molesting bankers in the first place?
Banks have assets (stuff they own) and liabilities (stuff they owe other people). If their assets are ever worth less than their liabilities, then they’re bankrupt and everyone has to clean out their offices by five. Now putting pastry-fucking bankers out of work doesn’t sound like such a bad idea these days, but we are talking about some very big banks here, and as I’ve touched on before, banks do play a pretty important role in keeping the world looking like something other than some of the more incredible scenes from the Road Warrior franchise.
Anyway, many of these banks own toxic mortgage-backed assets (for brevity I’m going to refer to these as ‘horseshit’ from here on). This horseshit is, amazingly, still considered an asset, although if anyone tried to sell it right now, they wouldn’t get a very good price for it, on account of its horseshitty attributes. The central problem here is that some banks own so much of this horseshit that if they valued it at what they could actually sell it for, they would effectively be bankrupt. In short, getting this horseshit off the banks’ books without making them bankrupt is our ultimate goal.
This looks pretty impressive until you notice those are ones, and that’s maybe 45 bucks there. You’ve really made it champ.
So here’s the plan the treasury announced yesterday:
The government will provide loans for private investors to buy up the aforementioned horseshit from the banks. This would give these banks enough money so they could go about their business and not collapse like an old woman getting out of the bathtub. After that, if the horseshit goes up in price the government gets back their money and splits the profit with the private investors. If the horseshit goes down in price, the private investor takes a small loss, and the government takes a small to enormous loss, depending on various properties of the horseshit (taste? grittiness?)
There’s three problems with this plan. One, this involves buying horseshit from the banks for more than it’s probably worth, and keeping each bank’s current management intact, despite growing evidence that they’re colossal fuckers. Two, it involves the private investors taking a chunk of any potential profit while risking only a tiny portion of their own money–effectively another subsidy for wealthy jerks. And the third problem is that this plan may not be big enough. The private investors, even playing mostly with the government’s money, might not be willing to pay enough for this horseshit to keep the banks from going bankrupt. So the banks won’t sell, and we’ll all sit around picking at each other’s asses for a bit longer.
The main alternative to this plan is the nationalization of some of the banks. (This has also been referred to as “pre-privatization” or “filthy red socialism” depending on who you talk too.) In this scenario, the government takes over some banks completely. I’m not sure how that works exactly, but I like to think it involves a bureaucrat who looks a bit like Rick Moranis walking in the front door of a bank and firing a gun into the air a couple times to scare everyone off. Once the government owns the bank, they take all the horseshit, transfer it to the government’s books, and then resell the bank (intact or in parts) to any private investors who want it. The government can then keep the horseshit or sell it whenever it wants. Temporary nationalizations like this already happen relatively frequently, albeit with much smaller banks.
The big upside to nationalization is the government doesn’t have to overpay for anything, nor share any potential profits with the private investors. So ultimately, in this scenario, there should be less cost to the taxpayer. The major downside is taking over and running a bank for a few months or years is potentially a huge headache, and the kind of thing governments routinely screw up. Remember that time the government did that thing really well with a minimum of scandal? Yeah. There’s also the worry that nationalizing the banks could turn America into Communist-America, as cautioned by various poorly Xeroxed screenplays that get passed around gun shows and always seem to keep crossing my desk for some reason.
Beyond this, the discussions devolve into a kind of economist pissing match, with arguments about which plan will work best, and why so-and-so is a dullard, and who sucked who off in the men’s room of the Olive Garden to get bailout funds. Unsurprisingly, it gets a bit contentious. I’m not going to get into it, but if you’re curious, bearded folk have cluttered the Internet with pages upon pages discussing loan modifications and political capital and moral hazard and other things even more boring than this article, if you can believe that.
__
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October 27th, 2009 at 6:38 pm
Demontheses, you belong to capitalism just like Paris Hilton does, but all of that aside..
You say that Capitalism built the world? How so? Where is the citation or just a mere example?
And how is it an “anti-human” philosophy and capitalism isn’t? Isn’t capitalism also nicknamed “dog-eat-dog” and also exploit the labor of thousands of workers just to benefit a select few?
Lastly, MANY, many more people died under capitalism than under communist experiments. You, as a capitalist should take responsibility from all the deaths caused by poverty in starvation in India, Africa, The Middle-east, not excluding Pinochet’s Chile, Argentina circa “The Dirty War” and Suharto’s Indonesia.
Also, Cuba, a nation with almost none natural resources is barely beating the U.S., the most powerful nation in the world, in health care, infant mortality, and death rates. Your thoughts?
And Will, Why don’t you try picking up actual books instead of pamphlets designed for 12 year old conservatives?
May 5th, 2009 at 1:34 pm
So lets really shoot them! http://www.shootthebanker.com
May 5th, 2009 at 12:03 pm
hey check out shootthebanker.com, you can control a robotic paintball gun and shoot a banker (actor) live! pretty cool, though it’d be better if they could actually get Madoff, Goodwin, Greenspan and the rest of those guys to be in there apologizing while getting shot
March 31st, 2009 at 6:43 pm
@ Code, maybe you should pick up a book.
Then you might pick up references to books.
Anyway, that was a beutifully ironic statement you made.
March 31st, 2009 at 2:27 pm
Bucholz I <3 you. Maybe it’s because we’re Canadian and our banks happen to be fucking awesome. If America wasn’t fucking up so hardcore right now, we’d be fine (but our raw goods industry is struggling, since our biggest importer is failing royally *cough* the US *cough*). In either case, I like your unpopular articles best.
March 30th, 2009 at 11:41 pm
Reminds me of the drug war logic
March 30th, 2009 at 5:03 am
IF we are going communist why not got full-communist. Buy the horseshit from the banks then give is to non home owning Americans - :))))))))
March 30th, 2009 at 4:25 am
it’s nice to see so many people who’ve read the ender series commenting here…
March 28th, 2009 at 1:01 pm
Read a goddamn book asshole!
March 27th, 2009 at 8:42 pm
Code, if you’re for socialism then you must never have been able to stay awake for a whole history class since even the dickiest of dickheads know that it just doesn’t work.
March 27th, 2009 at 8:58 am
Demosthenes, I suggest you pick up a book for once.
You obviously don’t have the faintest clue about wtf socialism actually is other than what Fox tells you.
March 27th, 2009 at 7:12 am
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March 26th, 2009 at 7:27 pm
Somebody’s read Ayn Rand!
March 26th, 2009 at 1:16 pm
“depending on who you talk too.”
–Really?
March 26th, 2009 at 12:27 pm
Locke, go die in a fire. Have you considered that there are people (your namesake, for example) that don’t want communism in any way, shape or form, because the idea of collectivism, of subordinating your liberty to the ‘common good’ (ie, the asshats who are your neighbours) is entirely contrary to being a rational, humane individual.
H+N: Capitalism built the world, and it’s the well-meaning socialists in Washington who are tearing it down. Ironic that the people lionized by the historians; Washington, Lincoln, Churchill, FDR, Keynes, Samuelson and the rest are the ones who betrayed everyone and laid the foundations of the mess we’re in now.
Socialism, in all it’s forms, is denial of the self. Self-denial, to refuse to act in your own rational self-interest, is to cease to be human. Socialism = a monstrous, anti-human philosophy.
March 26th, 2009 at 7:02 am
Very good Locke,
You are now thinking for yourself!
Now take that disregard for my retarded worldview and apply it to all the other retarded worldviews and you might just come to the same conclusion as i have: nobody is smart enough to know what is good for the world so fuck ‘em, im gonna take care of me and mine and the parts of the world that are outside of my direct sphere of influence be damned.
Or continue outsourcing your decision-making, whatever makes you happy.
March 26th, 2009 at 2:42 am
Those people decrying Socialism/Capitalism, think for a moment what Capitalism has done to the world (ie the topic of this article).
Yeah, works real well doesn’t it!?
You guys suck. The first comment I make on Cracked and it’s a serious one where I argue like some sort of retard. Sheesh.
March 25th, 2009 at 8:25 pm
‘A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.’
-Mark Twain
March 25th, 2009 at 7:22 pm
Wow tommy, that’s pretty, useless. No gvernment works perfectly. That’s a given. We have to make due with what we have. What good could ignoring politics possibly do? Democracy doesn’t work because people ignore politics, and either don’t vote, or worse, vote uninformed. You just failed so hard it hurts me a little to have to explain it. You’re complaining about why a government doesn’t work, then advising the action that impedes it.
March 25th, 2009 at 5:56 pm
- Communism doesn’t work because people are assholes. (btw russia was only communistic economically, politically they were more like a dictatorship.)
- Capitalism doesn’t work because people are stupid.
- Dictatorship doesn’t work because leaders are human and thus fallible, and badly managed dictatorships turn those stupid assholes into rebellious stupid assholes.
- Anarchism doesn’t work because people are unwilling to think for themselves.
- Democracy doesn’t work because of the same reason that Capitalism doesn’t work.
You know what kind of government works? none. you know what happens without a government? government emerges.
I say ignore politics and act in the way you see as right. don’t let anybody decide for you or take care of things for you. You know what they say: “If you want something done right, do it yourself.”
TL:DR version>> Think For Yourself, Schmuck!
March 25th, 2009 at 5:54 pm
I liked this article. The problem is not only if the goverment could be a good banker for a few years (and how many that is going to take? 3, 6, 20 years?), but then, after they fix the mess and sell the bank again, what is going to stop the new owners to screw things again? Some Basilea accords ver 3.0 that are going to get turned around just like the 2.0?
It becomes dificult to say.
March 25th, 2009 at 3:28 pm
that wasn’t a bad article! i liked it(:
communism doesn’t work. it’s been proven over and over again. because sure, on paper it sounds good, and at first everything might seem dandy, but eventually someone will come into power that isn’t happy with how freely us americans live. and then we would be fucked.
March 25th, 2009 at 8:21 am
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March 24th, 2009 at 8:24 pm
Gah! Nevermind CavalierX, ignore what I stated (except for the craptions part). I scanned several other responses, and have decided that yours is no worse than some of the others.
March 24th, 2009 at 8:00 pm
“That guy Says:
March 24th, 2009 at 7:16 pm
Communism works better than capitalism. I’m not going to go further into this, because anyone illusioned by the notion that Soviet Russia was the only way to run a communist state is just ignorant.”
Right, that’s why East Germany is doing so well. Wait - what East Germany? Oh well, there’s always Cuba, North Korea, and Venezuela to model communism off of. They’re doing good, right? Heck, Cracked just had an article about the NKs, so they must be at the top and riding easy. And before you mention China, let’s not forget that they have 25-30% unemployment and ANY country with 2 billion people is going to be able to produce something worthwhile. Turns out, the best model for Communism was East Germany, and their citizens voted overwhelmingly to reunite with West Germany because the West German capitalism had created the third-most-prosperous nation in Europe, after Britain and France.
March 24th, 2009 at 7:59 pm
That guys right, there’s communist China, Communist Cuba, Korea…
Sarcasm aside, I prefer socialism, like in norway and france. Not full blown government ownership, but publicly funded services. The reason it won’t work here is that America values property too much. We couldn’t live without our fucking Uggs or Hannah montana cd’s, let alone our Porche’s. here public trans is for hobo’s, Being cold in the winter is for the poor, thrift stores are for punks. We need people to know how great we are, and we do this materialistically. If we paid more taxes, we’d still have cathode-ray T.V.s. And god forbid.
BTW that guy, it wasn’t the government, it was avarice. Corruption. Wherever there are people, it will follow. Communism is undone because of basic human nature. Some folk can’t share, can’t see everyone as an equal. So sorry, Put away the Che Guevera shirt and realize that communism will never work. This is not an argument, it is a fact. People are assholes, no matter how nice your idealism tells you they are.
March 24th, 2009 at 7:57 pm
Dear Cavalier X,
I am pleased that you finally learned how to get your craptions to the point where they are funny (seriously, good job!), but I am deeply saddened by the fact you still have nothing interesting or coherent to add to the comment sections. Hopefully, with enough practice, you will get the hang of it. Otherwise, you may wish to keep sentence lengths the size of sound bites.
Sincerily yours,
Voidedlives
March 24th, 2009 at 7:26 pm
No, Red, we’d just outright take the horseshit from the banks and send the executives to toil away the remainder of their days on a farm in Kansas.
March 24th, 2009 at 7:18 pm
IF we are going communist why not got full-communist. Buy the horseshit from the banks then give is to non home owning Americans.
March 24th, 2009 at 7:16 pm
Communism works better than capitalism. I’m not going to go further into this, because anyone illusioned by the notion that Soviet Russia was the only way to run a communist state is just ignorant.
March 24th, 2009 at 6:25 pm
uh oh, CavalierX is here to dish out some serious business.
Abandon comments section!
Repeat: ABANDON COMMENTS SECTION!
March 24th, 2009 at 6:20 pm
Nationalize it!
March 24th, 2009 at 6:15 pm
that was great, i’ll expect funnier by next week!
March 24th, 2009 at 4:11 pm
I propose the government (all governments, yours and mine and the one run by me when I seceded from the rest of the United Kingdom) just forcibly nationalise all the banks. Like, they basically steal the banks from the bankers, and the bankers get nothing whatsoever from the deal. I know it’s illegal, immoral, and so on, but who’s going to stand up for bankers after what they’ve done? Let’s kick ‘em while they’re down.
In case that sounded in any way sarcastic, let me assure you…it’s not.
March 24th, 2009 at 2:24 pm
MichealFurlong, could you do me a favor? Say “taking the piss.” I find that turn of phrase hilarious.
March 24th, 2009 at 1:13 pm
@MichaelFurlong
Hehehe… You said ‘fuck’.
March 24th, 2009 at 12:59 pm
Our fucks over in Britain are just as bad. The last fucker who fucked up a bank was given a half million pound pension. half a fucking million, every fucking year for fucking up the fucking banks.
Motherfuckers are still being given bonuses after the govenment bailed the motherfuckers out, and who’s gonna pay for it? Every poor bastard who is going to be working in the next 30-60 years. We’ve only just paid off our debts from WW2 as it is.
Every motherfucker needs to burn, burn them fucking all.
(I’m a little angry), Bucholz put it well, how many of em are idiots, and how many are merely corrupt.
March 24th, 2009 at 12:30 pm
@ Steven:
Those 10% loans you were talking about had one catch: The bank loaned out that money under the provision that they could ask their loan back at a moment’s notice, at the full value of the asset. The market crash of ‘28 started was by banks that were part of the Federal Reserve system. They asked those loans back, immediately. But not after JP Morgan and Rockefeller and them sold off their stocks….
March 24th, 2009 at 11:25 am
“So you’re going to stop using a computer made by one of those eeevil corporations? Good luck. Maybe the Professor can build you one out of coconuts and palm fronds.”
Don’t be a dick. He is saying that if people live within their means this kind of shit wouldn’t happen. (people taking loans they cant pay, banks giving loans to people who cant pay them back).
March 24th, 2009 at 11:23 am
This isn’t really a bad basic summary of the bailout plan. However, Bucholz needs to be very careful. A big problem here is that the situation is so complicated that if you only half-explain it, you create people who think they know what is going on who actually don’t.
The reason that there is no demand for the aforementioned “horseshit” is because investors have always borrowed money to buy those types of assets. In the past, it was very normal for investors with $10 to borrow $90 to buy an asset for $100. The institution that lent the money would have the ability to ask for their money back at any time, and if the investor couldn’t produce it, could otherwise take the $100 asset, which they could presumably sell to get their money back. Investors would make money through the difference between the interest they receive from the assets they own and the interest they pay to their lenders in order to use their money.
Now, banks won’t provide loans to those investors who would buy these assets. Without the money available to buy the assets, the prices of them have ARTIFICIALLY become depressed BELOW their true values, which is why banks won’t sell them. This new government plan provides investors with loans that the private sector is unwilling to give, because those firms that usually provide these sorts of loans are preserving capital out of fear. By loaning money to investors, the government hopes to improve the health of the nation’s banks, so they can make their own loans and the government can get its money back.
March 24th, 2009 at 11:13 am
“I’ve decided to take a hard stance regarding the economy today. That stance is to remain as detached from it as possible.”
So you’re going to stop using a computer made by one of those eeevil corporations? Good luck. Maybe the Professor can build you one out of coconuts and palm fronds.
March 24th, 2009 at 10:56 am
The reality of things is even more disturbing:
The Federal Reserve is not part of the government; it is a PRIVATE bank. In 1913 the US government gave away the right to print money to them, and in return started borrowing money from the Federal Reserve, against interest, which is now the US dollar. This is why we have federal income tax; it pays off the interest on that loan.
CitiGroup and Bank Of America are part of the Federal Reserve system (based in New York). Look it up, if you’d like. So what’s happening now is that we are bailing out the people that loaned us money, with the money they loaned us, which is inherently inflated. (If I give you $100, and want $110 back, but allow you to only use the money I loaned to you to pay me back, you will never ever be able to settle your debt to me, and secondly, those $100 are inherently worth less).
Implied in all of this is that the US government is a bunch of puppets. The Federal Reserve has the USA by the balls.
Here’s some more bullshait nobody caught on to: Timothy Geithner ran the frigging Federal Reserve Bank of New York. Remember, CitiGroup and Bank Of America are part of the same consortium. WFT, people?
WHY THE HELL HAS NOBODY CAUGHT ON TO THIS????
Sidenote (and again, look it up): According to David Rockefeller, women were given the right to vote in hopes that women would demand the right to work. More working people means more revenue off income tax. Secondly, Helen Keller was financed by… wait for it… wait… The Rockefeller Group. Believe it or not.
March 24th, 2009 at 10:42 am
I’ve decided to take a hard stance regarding the economy today. That stance is to remain as detached from it as possible. From my somewhat sociopathic point of view, this whole thing is the fault of the majority of our society. Our culture praises the selfish and greedy back-stabber and scorns the honest and transparent businessman.
The economic problems we face have a simple root. It is a case of greed overwhelming the available resources. And because relentless greed has become such a major feature of our culture, it will be impossible to break without breaking the economy - which is what is starting to happen right now.
Just like the key to weight loss is simply to eat less and exercise, the key to living well is to live simply and never live beyond your means. But nobody pays any attention to any of that kind of advice, so all that’s left is to stand aside and let your society ruin itself.
March 24th, 2009 at 10:30 am
To answer Anonymouse
I’m also Canadian and we are very concerned for the best of interest of the United States. We have also felt the auto industry/mortgage collapse and to believe that problems stop at the border is a ignorant view. I make sure to keep an eye on both sides of the border as I have friends on both sides being effected in different ways.
March 24th, 2009 at 10:26 am
But what I really want know Buchholz is what you really thought of the Hero’s episode last night.
March 24th, 2009 at 10:23 am
thoroughly impressed at this being a moderate article not forcing any point of view down my throat. nothing expert or chunk full of insightful revelations but and enjoyable summary of some general ideas presented in a non-antagonistic fassion. kudos you slut.
March 24th, 2009 at 10:15 am
bucholz tuesday
March 24th, 2009 at 9:42 am
So wait, which is better? nationalization or private investors using national money for buying toxic horseshit? You have failed as a columnist! YOU HAVEN’T TOLD ME WHAT TO THINK!
March 24th, 2009 at 8:53 am
Very good article. The information presented here isn’t as common knowledge to some people as others would like to believe, so it’s good to have Chris hand-holding us through the current economic process.
March 24th, 2009 at 8:49 am
Bucholz, you’re in Canada. First of all, how do you know what’s going on in America? Second, why do you care?
March 24th, 2009 at 8:47 am
I was thoroughly entertained. Good show.
March 24th, 2009 at 8:37 am
This is some great shit talkin’!
This is the about the second or third time I’v read information about the current state of our economic crisis and nearly pissed myself laughing.
but this one was INTENTIONALLY funny.
Keep it coming, Bucholz.
March 24th, 2009 at 8:34 am
Yeah, Bucholz…the majority of this article might have been funny or witty about five months ago. Right now, you are not telling anybody anything they don’t know. If by some freak accident, someone hasn’t been paying any attention to the world for the past year, but has internet access, I’m sure they’re getting a good chuckle, but to be honest I can’t imagine there are more than a few hundred of them. To be honest I expect more from you.
March 24th, 2009 at 8:20 am
Wow. I expected the comments section to be more of a pissing match than it is at the current juncture. I’m deeply disillusioned by the armchair political scientists that lurk out there….
March 24th, 2009 at 8:12 am
“You would be a Krugman reader, wouldn’t you Bucholz. That man is one conflicted, hypocritical economist.”
Yeah, but even Krugman opposes Geithner’s crazy half-assed Hail Mary plan, and I never thought he’d be so spot on. “The common element to the Paulson and Geithner plans is the insistence that the bad assets on banks’ books are really worth much, much more than anyone is currently willing to pay for them. In fact, their true value is so high that if they were properly priced, banks wouldn’t be in trouble. And so the plan is to use taxpayer funds to drive the prices of bad assets up to ‘fair’ levels.”
March 24th, 2009 at 8:02 am
If you are single, save your time and find your big beautiful woman/big handome man on __p l u s m e e t. c o m!
March 24th, 2009 at 7:38 am
Man, I wish the government would buy MY worthless horseshit for real cash whenever I’m strapped! Unfortunately, unlike banks, I actually have to take responsibility for my actions.
Seriously, this whole plan is terrible because it’s treating the symptoms of the problem and nothing more. Fact is, the entire banking system, right now, is fucked; it’s got too many laws in some areas to the point that it can’t operate effectively (like those laws that will force them in court for “racism” if minorities in poor neighborhoods aren’t given loans, even if they are subprime), and then they try and balance that with too few laws on the other side (hence the Federal Reserve having more power than Obama). We need to just remove the entire banking industry from political games, because politicians are selfish pricks who’d rather work WITH the bankers to screw us over than actually discipline the banks. Then, bad banks will go under, good banks will survive, and we’ll all be better off.
March 24th, 2009 at 6:09 am
AWWWWW.
You killed it man, your awesome run of awesomness is now a rotting corpses being gnawed at by wild eyed hyenas.
You got too topical and too “newsy”.
Just take the piss out of something that deserves it and you’ll be OK.
March 24th, 2009 at 6:01 am
LOVE IT! I sit and read the news all day cause i work in a IT department and do very little IT and you my friend summed up this horseshit very well. You sir should be ecomony turdor
March 24th, 2009 at 5:26 am
Great article, but you forgot something important. The law of Supply&Demand. Of course banks will probably ask a lot for their horseshit at first, but that doesn’t mean they won’t lower their price once their horseshit sits in the barn, lonely and unwanted.
This is a great time for changing of the social status. Many middle-class of upper lower-class people will take a risk buying horseshit. If the horseshit turns into gold (and i`m fairly sure it will. Economy is cyclical, plus this current crisis isn’t near The Great Depression in terms of magnitude, and they still managed to make things better) the poor will be rich while the rich may not be smart enough to buy horseshit, so they’ll be poorer (no rich person is gonna starve to death, but at least he’ll have less). And another thing, the money used to buy horseshit will be put into circulation, and that will, most likely, jump-start the economy a bit.
March 24th, 2009 at 5:23 am
You would be a Krugman reader, wouldn’t you Bucholz. That man is one conflicted, hypocritical economist.
March 24th, 2009 at 5:15 am
And a few bear traps. A few land mines wouldn’t go astray either…
March 24th, 2009 at 5:13 am
Agreed. Dapper’s mother needs guns.
Also, great article. You forgot to mention how all the wall-street traders are pretentious little dicks and will do anything for a quick buck, so when the market goes up 5% in one day it has nothing to do with the safety of the economy and it’s safe to say the recession isn’t over, but some bankers are a little richer. Gits.
March 24th, 2009 at 5:05 am
I think the greatest consequence of nationalizing the failed banks is that if the government screws it up (which they will) then we have yet one more reason to overthrow those fuckers.
March 24th, 2009 at 4:59 am
My mother has guns. Of a different sort, unfortunately.
March 24th, 2009 at 4:52 am
Dapper, your mother doesn’t have guns? that’s the 1st major thing i got when i started my hold-out. you gotta get her some guns.
March 24th, 2009 at 4:51 am
agreed 100%.
March 24th, 2009 at 4:51 am
My mother is seriously preparing her place (which is halfway up a (short) mountain with its own water supply) as a “Post-Collapse” fortress. I keep telling her that for that she needs guns…
March 24th, 2009 at 4:20 am
I say we start hoarding petrol now.
Thunderdome 2010!
March 24th, 2009 at 4:15 am
This is actually helpful . As well as being funny. Horseshit is the new buzzword.
March 24th, 2009 at 4:08 am
yes revoFUCKINGlution, shoot these bastards
they have fucked up the world with their greed and corruption
March 24th, 2009 at 4:05 am
I gotta say, I enjoy cracked being serious (especially about horseshit). Your plan failed, Bucholz!