Category: Stupid

Next Up, the Field Vasectomy

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This is a Bridge to Far

You know, I’ve occasionally watched the survival pr0n that you find on the Discovery Channel, both the rather more authentic Les Stroud, and the more entertaining Bear Grylls, and I think that this qualifies as Jumping the Shark.

In order to get water into his body, when the only water is fetid, and would likely cause illness/vomiting that might further dehydrate you, Grylls is using an enema to get water into his system.

This will work, just ask any medical professional, but seriously, enough is enough.

What Dan Said

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Dan Froomkin, that is, about the bogus numbers that the Pentagon keeps feeding the media regarding Guantanamo detainees who have returned to the fight:

Denbeaux calls this week’s outrageous Pentagon assertions the latest example of what he calls “numbers without names and trends without numbers.” He told me he’s outraged it’s been so widely picked up — including by the Times.

“I don’t see what the point is of a public editor criticizing a story for the New York Times if they’re going to republish it a year later,” he told me.

Gullible, amnesiac journalists are a dangerous thing. Is our profession really incapable of learning anything from its mistakes?

Yes, journalists are so tied to their sources that they will repeat the same lie, even if it it’s known to be a lie, over, and over, and over, and over again.

This has been another episode of simple answers to simple questions.

Adventures in American MBA Wankertude

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Steve Blank relates a story, one which is all to frequently repeated in American Boardrooms, where the new CFO comes into a startup company that is finally making a profit, and decides to end the provision of free soda to employees, which saves $10,000 a month, but chases away the experienced staff:

Sometimes financial decisions that are seemingly rational on their face can precipitate mass exodus of your best engineers.

……………

I had lived through this same conversation four times in my career, and each time it ended as an example of unintended consequences. No one on the board or the executive staff was trying to be stupid. But to save $10,000 or so, they unintentionally launched an exodus of their best engineers.

This company had grown from the founders, who hired an early team of superstars, many now managing their own teams. All these engineers were still heads-down, working their tails off, just as they had been doing since the first few months of the company. Too busy working, most were oblivious to the changes that success and growth had brought to the company.

The Elves Leave Middle Earth – Sodas Are No Longer Free
One day the engineering team was clustered in the snack room looking at the soda machine. The sign said, “Soda now 50 cents.” The uproar began. Engineers started complaining about the price of the soda. Someone noticed that instead of the informal reimbursement system for dinners when they were working late, there was now a formal expense report system. Some had already been irritated when “professional” managers had been hired over their teams with reportedly more stock than the early engineers had. Lots of email was exchanged about “how things were changing for the worse.” A few engineers went to the see the CEO.

But the damage had been done. The most talented and senior engineers looked up from their desks and noticed the company was no longer the one they loved. It had changed. And not in a way they were happy with.

The best engineers quietly put the word out that they were available, and in less than month the best and the brightest began to drift away.

Truth be told, I’ve never worked a company that gave out free sodas in the break room in the first place, and if I were to start a company, I would not choose this as a benefit for the employees, but it is American management that would create that would chase away its most valuable employees by counting pennies this way.

To the degree that the United States has achieved economic success since the end of the 2nd World War, it has been in spite of management, not because of it.

Shoot Me, I Agree With David Frum

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Who is a Canadian turned right wing former George W. Bush speech writer.

Frum takes Commentary magazine,* and staff writer Jennifer Rubin, over her article “Why Jews Hate Palin”, in which she suggests that Jews, or at least Jewish liberals, hate rural people, hunters, people who work with their hands (note here, Palin never really worked with her hands except for summer jobs when she was in school), people who have large families, the military and military families, and people who denigrate education.

Also she thinks that Jews find her too pretty, and hate her for that.

You know, her article could come from the mouth of Patrick Buchanan, it’s so full of stereotypes, and Frum is remarkably kind to her in his response, but he nails her to the last wall.

The last paragraph says it all”

But even this is not the worst of it. Just guessing, but I think the real and most fundamental problem Jews have with Palin is not her gleeful ignorance, but her willful divisiveness. More than any politician in memory, Palin seems to divide her fellow-Americans into first class and second class citizens, real Americans and not-so-real Americans. To do her justice, she has never said anything to suggest that Jews as Jews fall into the second, less-real, class. But Jews do tend to have an intuition that when this sort of line-drawing is done, we are likely to find ourselves on the wrong side.

Also, add the fact that she literally shared a stage with a professional witch hunter, one who had driven “witches” out of his community, at her church, and the juxtaposition of Christian witch-hunters and the Jewish community is………How to put this?………Most unfortunate.

That being said, Frum does miss a point: that Jews don’t view her more negatively than the general population:

The entirety of the Commentary article rests on the notion that Jews actually disproportionately dislike Palin. As her one piece of evidence, Rubin cites a 9/08 poll showing that only 37 percent of Jews approve of Palin. Is this really disproportionately low?

………………

So going by their partisan voting patterns alone, we would expect 36.5 percent of Jews to approve of Palin — almost exactly what that poll found.

Though to be fair to Mr. Frum, I found that blog post in his tweets, and the negative tags for this post apply to Ms. Rubin, and not him.

*No links to the magazine, ever. It got hijacked by the John Podhoretz Neocon insanity in the late 1960s, and no more link to them than I would link to Michelle Malkin.

Some Sanity in Tax Abatement Russian Roulette

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After years of offering capital improvements and tax abatements to big businesses to lure them to town, some cities are now going after those business for their taxes when the companies do not fulfill their end of the bargain:

Cash-strapped communities have a message for corporations that promised jobs in return for tax breaks: A deal’s a deal.

As the recession drags on, municipalities struggling to fix roads, fund schools and pay bills increasingly are rescinding tax abatements to companies that don’t hire enough workers, lay them off or close up shop. At the same time, they’re sharpening new incentive deals, leaving no doubt what is expected of companies and what will happen if they don’t deliver.

The example they give is a $600K tax bill in DeKalb, Il, when they did not meet the mandated job level (500) in their distribution center.

My suggestion, and it’s one that would involve lots of tax lawyers, is not that the taxes be waived in such a deal, but that the amount of the taxes be a loan, so that when a company violates the terms, you can claw back all the money, plus interest.

The Religious Right Really Needs To Get Laid

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Because, they are really wound way to tight.

Case in point, their collective sh%$ fit over the appointment of Amanda Simpson as a senior technical advisor to the Commerce Department, where her portfolio will include the export of dual use technologies, because she is transgendered.

You can see excerpts of the freakout by focus on the family about this at the link, and my conclusion is that they are freaking, because no one there has gotten their porcupine properly whacked in a very long time.

As to her qualifications:

Simpson is highly qualified for the position. She has worked in the aerospace and defense industry for 30 years, most recently serving as Deputy Director in Advanced Technology Development at Raytheon Missile Systems. She holds degrees in physics, engineering and business administration, and is a certified flight instructor and test pilot with 20 years of experience.

So she’s a test pilot and a f%$#ing rocket scientist, but all that the religious right can think about is that her plumbing has been altered.

Why the Air Force as an Independent Service Should be Abolished: Part 32

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Matthew Yglesias reports that retired USAF Lieutenant General Tom McInerney has just called for mandatory strip searches of all Muslims aged between the ages of 18 to 28 in an interview with (who else)Fox News.

This guy is bats%$# insane, but his insanity is endemic with the Air Force, as has been noted in a number of stories regarding a pervasive atmosphere of religious harassment at the Air Force academy.

(I’ve done a couple of posts on the problem generally.)

The problem here is not that he was in the Air Force. Any organization will have its share of crazies, criminals, and incompetents.

The problem is that he made it to 3-stars, despite being clearly unhinged, and there is way too much of that in the US air force.

In fact, in the video below, it’s clear that it’s so crazy that the interviewer on Fox feels the need to call him out on this, because of the hostility it would engender:

Bootnote: It looks like Al-Jazeerah is already covering it, so congratulations general, you just murdered a dozen or so US troops over the next few months.

Let Me Get This Straight………

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Investors are suing Bank of America, charging that the bank (and I use the term loosely) deceived investors over the terms of bonuses to Merrill Lynch executives prior to the vote to acquire the brokerage.

Well, it appears that much BoA’s defense appears to be that if its investors ignored what they said, and read the financial press, they would have known anyway, but the judge just shot down that argument:

Bank of America Corp. suffered a setback in its defense to civil claims that it misled investors after a judge ruled that it may not introduce at a trial testimony about media reports predicting it would pay bonuses.

The U.S. Securities and Exchange Commission sued the lender on Aug. 3 claiming it misled investors about bonus payments while buying Merrill Lynch & Co. Bank of America said in a November 2008 proxy statement that Merrill agreed not to pay year-end bonuses when the bank had already agreed to Merrill’s paying as much as $5.8 billion, the SEC claims. A trial is scheduled for March in New York.

As part of its defense, Bank of America has argued that shareholders already knew, as a result of media reports, that Merrill would likely pay billions of dollars in bonuses. U.S. District Judge Jed Rakoff in Manhattan today barred the bank from offering testimony about such reports because the proxy statement itself told shareholders to ignore them.

“In effect, the bank is arguing that, even though it expressly warned its shareholders to disregard the media, it can now defend itself by asserting that a reasonable shareholder would have disregarded these warnings and, by consulting the media, perceived that the bank’s alleged lies were immaterial,” Rakoff wrote in a six-page opinion. “Even a zealous advocate might perceive that such an argument hints at hypocrisy.”

(emphasis mine)

So your argument is that you were telling a baldfaced lie, and everyone knew that you were lying?

Well, good luck with that.

When your defense against fraud charges is that the newspapers had shown that they were lying sacks of s%$#, I think that you are missing this whole “how to win the case” thing.

Speaking of Michelle Bachmann’s Frothing at the Mouth Lunacy on the Census

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Click for full size



The Crazy, It Burns US!!!!

She has stopped asking people not to fill out the Census over the past few months.

Why is this? Well, perhaps it’s because if Minnesota loses a Congressional district, it’s likely it will be her district that goes the way of those dinosaurs that she does not believe in:

State demographer Tom Gillaspy has been
warning for months that the next census
could result in the loss of one congressional s
eat in Minnesota. In fact, he confessed last
week that, until the recession hit, he was
almost resigned to the probability that
Minnesotans would be allowed to elect only
seven U.S. House members from newly
drawn districts in 2012.

……………

It’s ironic that a Minnesota member of Congress, Republican Michele Bachmann, went so far last summer to declare her intention to only partially complete her census forms, and to suggest reasons for others not to comply with the census law. If Minnesota loses a congressional seat, Bachmann’s populous Sixth District could be carved into pieces. She likely would have to battle another incumbent to hang on to her seat. We’ve noticed that her anticensus rhetoric has lately ceased. We hope she got wise: Census compliance is not only in Minnesota’s best interest, but also her own.

As Eric Kleefeld notes at TPM:

The really fun fact, as I’ve learned from Minnesota experts, is that Bachmann’s district would likely be the first to go if the state lost a seat. The other seats are all fairly regular-shaped, logical districts built around identifiable regions of the state (Minneapolis, St. Paul, the Iron Range, and so on). Bachmann’s district is made of what’s left over after such a process, twisting and turning from a small strip of the Wisconsin border and curving deep into the middle of the state. As such, the obvious course of action if the state loses a seat is to split her district up among its neighbors.

Basically, her district is made up of all those areas left over after they did the first 7, which are made up, in classic “Minnesota Nice” manner to be contiguous and to represent regions accurately and fairly.

I’d say that Karma was a bitch, but that would probably make Brit Hume angry.

Really Bad Idea

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It seems that the Chinese are looking at using nuclear powered cargo ships to ship cheap crap to the USA.

Bad idea, and a lose, as is obvious from looking at the history of nuclear powered civilian cargo vessels, or just the numbers for the NS Savannah:

However, Savannah’s cargo space was limited to 8,500 tons of freight in 652,000 cubic feet (18,000 m³). Many of her competitors could accommodate several times as much. Her streamlined hull made loading the forward holds laborious, which became a significant disadvantage as ports became more and more automated. Her crew was a third larger than comparable oil-fired ships and received special training after completing all training requirements for conventional maritime licenses. Her operating budget included the maintenance of a separate shore organization for negotiating her port visits and a personalized shipyard facility for completing any needed repairs.

And then there is that whole Somali Pirate thing, which makes the idea of an unarmed civilian ship operating a nuclear reactor on the high seas even less attractive.

I can see al Qaeda salivating over the prospect of seizing a ship like this.

H/t Information Dissemination

Yet Another Artifact of the Bush Tax Cuts

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If some rich guy dies in the next few days, it could get very ugly for his wife:

Spouses of those wealthy who die this year might find themselves with nothing if the family will isn’t revised—a major wrinkle that could follow Friday’s repeal of the federal estate tax.

As started on Jan. 1, estate taxes will be repealed for 2010 only. That means unless Congress acts otherwise, there is no limit to the wealth that can be passed on to heirs without incurring federal estate taxes through the end of the year.

But wills have often been written on the expectation that estate taxes were a fact of life for years to come, estate planners say. As a result, wills typically direct assets not subject to the tax be passed on to children—for 2009, up to $3.5 million—with the rest directed to the spouse.

“You could be in a situation now where everything would go into a trust downstream to the kids and nothing is left to the spouse,” …………

So, in addition to giving heirs a motive to bump you off, you could leave your spouse without anything when you die, and if the taxes go back into effect, which is a highly likely scenario, you have lawsuits to claw it back.

It ain’t just the Supreme Court where the misdeeds of Bush and His Evil Minions™ will be felt for years.

Completely F%$#ing Delusional

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Part of a trend, not a result of selling out American workers

Rahm Emanuel believes that by voting against the Democratic base, you improve the electoral prospects of the Democrats:

White House Chief of Staff Rahm Emanuel has been telling Democrats a win on the health issue will reverse the slide in public opinion, just as passage of another controversial proposal, the North American Free Trade Agreement, lifted President Bill Clinton in the polls.

Let’s be clear: Clinton’s popularity did rise after the passage of NAFTA.

It was a part of a trend (see pic). When people finally noticed the passage, a few months later, his ratings fell through the floor, and the Dems lost both houses of Congress.

To be fair, a part of this might have been the collapse of healthcare reform, but NAFTA demoralized labor, and pretty much the entire Democratic base.

A bad bill is worse than no bill, and immeasurably worse than one that passes through reconciliation.

The real problem with Rahm is not that he’s determined to offer succor to right wingers because he believes that it will somehow benefit Democrats, but that he’s wrong, and incompetent.

H/t A Tiny Revolution

Ahead Dork Factor 9*

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Only $2,999.99, but shipping is free!!

I present to you the Star Trek: The Original Series: Classic Captain’s Chair Replica:

Throw away that Lay-Z-Boy. Here’s a life-size throne fit for a captain! With the sci-fi status and geek grandeur of Captain Kirk’s command chair in your collection, you can boldly go where no fan has gone before! This full-size prop replica of the U.S.S. Enterprise’s captain’s chair is designed from detailed drawings supplied by Paramount Studios and is approved by Paramount. It delivers all the accents and details from the historic prop, along with modern lighting, sound effects, and phrases designed to thrill any Star Trek enthusiast. It’s the ultimate prize from the Enterprise! The unbelievable captain’s chair measures 41-inches tall x 42-inches wide x 39-inches deep. It weighs about 215 pounds! The working swivel seat with wooden handles, leather seat cover, and armrest controls make this the perfect addition to any collection, display, home theater, or museum! The chair, seat of the chair, and arms of the chair are made of wood, with the seat covered in leather. For rigidity, it’s mounted on an iron base. Limited edition of 1,701 pieces worldwide. Left-hand arm controls include: Shuttle operation controls Activation of viewscreen Hailing frequencies Right-hand controls include: Red alert Yellow alert Jettison pod Micro tape player Intercom controls With a push of a button, voice clips from the show can be heard: ‘This is Captain James Kirk of the U.S.S. Enterprise.’ ‘Lt. Uhura, open a channel to all decks.’ ‘Security Alert to all decks. Kirk out.’ ‘Kirk to Engineering, Mr. Scott.”

At 215 pounds, it’s going to be murder getting it down the stairs to your parent’s basement, where the purchaser clearly lives.

I like Star Trek. I saw a few episodes when I was 6. But if you want a captain’s chair, and you can’t search the net for plans, so you spend 3 grand on a chair in which most of the buttons do not work, or even press down, you are really very lame.

*Alas, I cannot take credit for this bon mot. It was from Bladesmith at the by invitation only Stellar Parthenon BBS.

Why We Need to Cut the Military Budget by at least 85%

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Because, whether the President is a Democrat or a Republican, having an “invade anywhere anytime” military is like giving a loaded revolver and amphetamines to a toddler:

Sen. Joseph Lieberman, (I-Conn) a renowned hawk and one of the foremost champions of the invasion of Iraq, warned on Sunday that the United States faced “danger” unless it pre-emptively acts to curb the rise of terrorism in Yemen.

“Somebody in our government said to me in Sana’a, the capital of Yemen, Iraq was yesterday’s war. Afghanistan is today’s war. If we don’t act preemptively, Yemen will be tomorrow’s war,” Lieberman said, during an appearance on “Fox News Sunday”. “That’s the danger we face.”

(emphasis mine)

The problem with having a military that is able to invade anywhere, anytime, for any reason, is that there are people, including Joe Lieberman and whoever, “Somebody in our government,” is with small brains, and even smaller penises, who will use military power with all the forethought of the aforementioned child on speed.

If you build the military, they will use it recklessly, to the detriment of both the nation and to the military itself.

The current “seabasing” concept being developed in the Pentagon is just the sort of “invasion in a box” that will make this even easier to do, and hence more likely.

The capabilities that we implement actually increase the military death toll, because they encourage insane strategies by the civilian and senior military leadership.

What’s more, they starve our economy, it will be costing in excess of $1 million a year per soldier in Afghanistan, and they starve the social safety net, killing our own citizens through lack of healthcare, and over the longer term, through a lack of investment in infrastructure and education.

H/t Attackerman.

Poo of Mass Destruction

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So, on another Northwest Flight, a passenger experiencing “gastric distress”, spent an extended amount of time in the aircraft lavatory, and when quizzed about his experience, he was less than forthcoming, so we had yet another security freakout.

Needless to say, al Qaeda is planning to start opening restaurants at airports that serve really strong curry, and they will follow it up with sabotage to disable toilet heating, so we will be threatened with icy BM’s.*

*Icy BM (Bowel Movement)-ICBM, get it?

News Flash: Bernanke is an Idiot

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The Kaplan Test Prep Company Washington Post actually does some reasonably good news gathering now and again, even if their OP/EDs are complete crap.

Case in point is this history of the Federal Reserve’s mis-steps in dealing with the housing bubble and the related sub-prime debacle.

Their lede is a speech that Bernenke gave in 2007, where he, “Assured the bankers and businessmen gathered at the Westin Hotel on Michigan Avenue that their prosperity was not threatened by the plight of borrowers struggling to repay high-cost subprime loans,” because, most banks were not involved at all with sub-prime lending, which was false, and transparently so:

He was wrong. Five of the 10 largest subprime lenders during the previous year were banks regulated by the Fed. Even as Bernanke spoke, the spillover from subprime lending was driving the banking industry into a historic crisis that some firms would not survive. And the upheaval would shove the economy into recession.

Just as the Fed had failed to protect borrowers from the consequences of subprime lending, so too had it failed to protect banks.

(emphasis mine)

So, it’s clear that the Fed, and Ben Bernanke were clueless, but it gets worse:

A warning ignored

In January 2005, National City’s chief economist had delivered a prescient warning to the Fed’s board of governors: An increasingly overvalued housing market posed a threat to the broader economy, not to mention his own bank and others deeply involved in writing mortgages.

The message wasn’t well received. One board member expressed particular skepticism — Ben Bernanke.

“Where do you think it will be the worst?” Bernanke asked, according to people who attended the meeting, one in a series of sessions the Fed holds with economists.

“I would have to say California,” said the economist, Richard Dekaser.

“They have been saying that about California since I bought my first house in 1979,” Bernanke replied.

This time the warnings were correct, and the collapse of the California real estate market would bring down the nation’s fourth-largest bank, the largest casualty of the financial crisis.

(emphasis original)

This is egregious enough that one of Bernanke’s most stalwart supporters, Paul Krugman calls him out, with charts:

The point is that there was indeed a huge CA bubble in the 80s, which burst painfully. Nor was this an obscure bit of knowledge: in fact, people like Calculated Risk and yours truly were quite explicitly using the great California bubble of the 80s as a model for what was going to happen nationally.

This whole episode makes me think considerably worse of my former department head.

(emphasis mine)

Bernanke was saying that there had never been a housing bubble and crash in California, despite the fact that there had been one that popped and bottomed out just 10 years before.

This man should not be in charge of a pastry shop, much less the Federal Reserve Bank of the United States of America. I’m not sure how he even became the head of the econ department at Princeton….He seems far to feckless for that.

If It’s In The Weekly Standard, They Are Either Liars of Incompetent

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Well, the good folks at Defense Tech flag an article by John Noonan at The Weekly Standard suggesting that Iran’s new solid fuel multi-stage missile represents a quantum leap in missile capabilities:

I’m a little late coming in on the latest Iranian missile salvo, but there a few salient points still worth mentioning. First, the Sajjil-2 is a solid fuel rocket. That’s the type of power source that we use in our own Minuteman III rockets, as solid fuel is stable in flight and requires no preparation time ahead of a launch. Liquid fuel, which powers the Iranian Shahab-3 fleet, is highly corrosive and sloshes around in a rocket’s downstage, destabilizing flight and degrading accuracy. It’s so toxic that the fuel eats away at a missile’s internal tanks, and thus needs to be inserted right before launch. That prep time is important, as it gives us a little extra warning prior to a hostile missile launch, which could be used to kill Iranian birds before they fly. With this new Sajjil-2 system, Iran has the ability to keep their missiles hot and ready for execution, killing any chance of an advanced warning or neutralization actions prior to a launch.

………

(emphasis mine)

I understand that John Noonan, like most of the staff of The Weekly Standard, wants to bomb Iran, and wants Iran bombed, but this does not justify his not telling the truth, and in the two areas that I’ve highlighted, he’s not telling the truth:

  • The need to load the fuel immediately before launch.
    • Simply not true. The US and Russia started using storable liquid propellants, nitrogen tetroxide oxidiser and a hydrazine UDMH mix propellant in the both the Titan II, and SS-18, and had them in ready for immediate launch for years, perhaps 15 seconds from when the button is pushed until the missile exits the silo.
  • Fuel sloshing
    • Fuel tanks have baffles to prevent sloshing. The tanks are specifically designed to avoid this issues, and while it may be “rocket science”, it’s a problem that has been solved for years.
    • The numbers accuracy for both the Titan (900m), and the SS-18 (250m) show that these missiles accuracy, much like their solid fuel counterparts, is a function of the guidance system, not any fictional sloshing.

Let’s be clear, for ICBM’s, solid fuel is better. There are a whole bunch of problems, as exemplified by the Titan II silo explosion that resulted from a workman dropping a socket that punctured a tank.

Additionally, if you want to go with a mobile launcher, it’s somewhere between insane and impossible to transport a loaded liquid fueled rocket.

Additionally, the operational costs of a liquid fueled system are higher, with, for example routine replacement of seals and X-Rays of the tanks to verify fuel levels.

So, a solid fueled ICBM, or IRBM is marginally more capable, and much simpler to operate, but running around with your head on fire about it indicates that one is either incompetent, or dishonest.

Fail

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Remember yesterday, when I wrote about the contemptible tax-giveaway that Obama’s Treasury department engineered for Citi?

Basically, it involved allowing Citi to carry forward losses after a change in ownership when Obama’s Treasury department sells out the US stake.

Well, not so fast. It turns out that, not withstanding all manner of subsidies and payoffs to Bob Rubin’s old firm, people still think that the company is crap, and are not willing to pay much for the stock, so in order to Treasury Secretary Tim “Eddie Haskell” Geithner to sell the US government’s stock now, they would have to take a big loss, which would clearly demonstrate that Timmeh grossly overpaid for the stock when they swapped preferred shares for common stock a few months ago:

Two days after Mr. Pandit trumpeted news that Citigroup would start untangling itself from the federal government, his bank stumbled — this time, on Wall Street. Badly misreading the financial markets, the company struggled on Wednesday to raise the money it needed to repay its bailout funds.

While Citigroup managed to raise $20.5 billion in the stock market and will forge ahead with the repayment, the sale went so poorly that anxious Treasury officials reversed course and delayed their plans to start unwinding the government’s stake in the company immediately, according to people briefed on the matter.

……………

After the close of trading in New York, Citigroup priced its new shares at $3.15 each, below the $3.25 price at which the government assumed its one-third stake in the company. Before the sale, the share price of Citigroup fell 11 cents to $3.45, as investors braced for the new stock.

Rather than suffer a loss for taxpayers, the Treasury Department will now hold on to the $5 billion stake it planned to sell alongside Citigroup’s own $17 billion stock offering. After an initial 90-day delay, the government will try to sell its entire stake — about 7.7 billion shares — over the next six to 12 months.

What this means is that anyone with a pulse………Well, anyone with a pulse whose tongue is not so far up Wall Street’s ass that they taste tonsils (see Geithner, Timothy and Obama, Barack), realizes that Citi is a mess and they won’t pay what the government paid for it.