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Where Them Dollaz At?
Ballin' on a pre-paid Rush Card? -Party and Bullshit 02/22/08
We made fun of them back in the day, but those financially fronting folks from the Party and Bullshit posts were on to something.
Since banks are taking part in this big ass game of Pac Man Dominoes, our safest bet is to trust Russell and Nem Financial and put all of our money in Rush Cards.
Have comfort and peace of mind that your liquid assets are safe in Black Steel for him and Pink Kitty for her.
Or you can be like the Warren Buffett of cranial accessories and put all of your money in wigs like Beyonce.
Why did I find this pic with the title, "Beysus"? Oh, stans and their false idols.
A wig collection belonging to Beyoncé Knowles has been estimated to cost $1 million (£550,000).Read More......
According to In Touch, the singer has tailor-made hair-pieces for every occasion.
A friend told the magazine: "The majority of them are custom-made from real hair and she's probably got $1 million worth of stunning wigs.
"It's part of the reason why she always looks so gorgeous."
Knowles is said to donate her old wigs to a charity which helps cancer sufferers.
[Why does she want thoose babies to suffer more?]
source
Public Service Announcement
Nigras rocking their hips...
AIN'T CUTE NOR SEXY!
Who the fvck said that shyt was okay?!!!11!
Negro is looking like he menstruates glitter. GTFOH!
[click to play] Prolly NSFW
Serve It Up
I feel like love and relationships today.
Last night while watching Bridezillas, INR and I were talking about how raggedy ass bitchy women not only keep themselves with a man but manages to get one of them to walk them down the aisle.
I wondered if I should turn up the bitch in me, but INR suggested that I just give it away and eventually I'll strike gold.Now you know I have no problem with that method, but how does one snag THE ONE? Is it by being a bitch, a hoar, homieloverfriend, or some sort of combination?
Note: I request no suggestions from the freaks that participate in MeikiSquared After Dark&trade. You people are waaay too advanced for me.
What the Hell is Going On?
Okay way too much stuff is going on yall. Seriously I’m confused and slightly scared about all this mess! WaMu is the latest bank to go down for the count.
The government seizes Washington Mutual, then sells its banking assets to JPMorgan Chase and WaMu becomes biggest bank to fail in US history
NEW YORK - As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market.
The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.
Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July.
One positive is that the sale of WaMu's assets to JPMorgan Chase prevents the thrift's collapse from depleting the FDIC's insurance fund. But that detail is likely to give only marginal solace to Americans facing tighter lending and watching their stock portfolios plunge in the wake of the nation's most momentous financial crisis since the Great Depression.
Because of WaMu's souring mortgages and other risky debt, JPMorgan plans to write down WaMu's loan portfolio by about $31 billion — a figure that could change if the government goes through with its bailout plan and JPMorgan decides to take advantage of it.
"We're in favor of what the government is doing, but we're not relying on what the government is doing. We would've done it anyway," JPMorgan's Chief Executive Jamie Dimon said in a conference call Thursday night, referring to the acquisition. Dimon said he does not know if JPMorgan will take advantage of the bailout.
WaMu is JPMorgan Chase's second acquisition this year of a major financial institution hobbled by losing bets on mortgages. In March, JPMorgan bought the investment bank Bear Stearns Cos. for about $1.4 billion, plus another $900 million in stock ahead of the deal to secure it.
JPMorgan Chase is now the second-largest bank in the United States after Bank of America Corp., which recently bought Merrill Lynch in a flurry of events that included Lehman Brothers Holdings Inc. going bankrupt and American International Group Inc., the world's largest insurer, getting taken over by the government.
JPMorgan also said Thursday it plans to sell $8 billion in common stock to raise capital.
The downfall of WaMu has been widely anticipated for some time because of the company's heavy mortgage-related losses. As investors grew nervous about the bank's health, its stock price plummeted 95 percent from a 52-week high of $36.47 to its close of $1.69 Thursday. On Wednesday, it suffered a ratings downgrade by Standard & Poor's that put it in danger of collapse.
WaMu "was under severe liquidity pressure," FDIC Chairman Sheila Bair told reporters in a conference call.
"For all depositors and other customers of Washington Mutual Bank, this is simply a combination of two banks," Bair said in a statement. "For bank customers, it will be a seamless transition. There will be no interruption in services and bank customers should expect business as usual come Friday morning."
Besides JPMorgan Chase, Wells Fargo & Co., Citigroup Inc., HSBC, Spain's Banco Santander and Toronto-Dominion Bank of Canada were also reportedly possible suitors. WaMu was believed to be talking to private equity firms as well.
The seizure by the government means shareholders' equity in WaMu was wiped out. The deal leaves private equity investors including the firm TPG Capital, which led a $7 billion cash infusion in the bank this spring, on the sidelines empty handed.
WaMu ran into trouble after it got caught up in the once-booming subprime mortgage business. Troubles then spread to other parts of WaMu's home loan portfolio, namely its "option" adjustable-rate mortgage loans. Option ARM loans offer very low introductory payments and let borrowers defer some interest payments until later years. The bank stopped originating those loans in June.
Problems in WaMu's home loan business began to surface in 2006, when the bank reported that the division lost $48 million, compared with net income of about $1 billion in 2005.
At the start of 2007, following the release of the company's annual financial report, then-CEO Kerry Killinger said the bank had prepared for a slowdown in its housing business by sharply reducing its subprime mortgage lending and servicing of loans. Alan H. Fishman, the former president and chief operating officer of Sovereign Bank and president and CEO of Independence Community Bank, replaced Killinger earlier this month.
As more borrowers became delinquent on their mortgages, WaMu worked to help troubled customers refinance their loans as a way to avoid default and foreclosure, committing $2 billion to the effort last April. But that proved to be too little, too late.
At the same time, fears of growing credit problems kept investors from purchasing debt backed by those loans, drying up a source of cash flow for banks that made subprime loans.
In December, WaMu said it would shutter its subprime lending business and reduce expenses with layoffs and a dividend cut.
The bank in July reported a $3 billion second-quarter loss — the biggest in its history — as it boosted its reserves to more than $8 billion to cover losses on bad loans. Over the last three quarters, it added $10.9 billion to its loan-loss provisions.
JPMorgan Chase said it was not acquiring any senior unsecured debt, subordinated debt, and preferred stock of WaMu's banks, or any assets or liabilities of the holding company, Washington Mutual Inc. JPMorgan also said it will not take on the lawsuits facing the holding company.
JPMorgan Chase said the acquisition will give it 5,400 branches in 23 states, and that it plans to close less than 10 percent of the two companies' branches.
The WaMu acquisition would add 50 cents per share to JPMorgan's earnings in 2009, the bank said, adding that it expects to have pretax merger costs of approximately $1.5 billion while achieving pretax savings of approximately $1.5 billion by 2010.
"This is a definite win for JPMorgan," said Sebastian Hindman, an analyst at SNL Financial, who said JPMorgan should be able to shoulder the $31 billion writedown to WaMu's portfolio.
I heard on the news that with this whole bailout plan their trying to draw up will cost the average working person over 4,000 dollars equaling up to 13 work days where you would have to turn over every bit of your pay check to the government. Huh??? So does that mean that we will get another rebate next year giving us our money back?! Well all I can say is people better start putting their money under their mattress like grandma and nem used to do.
*SMH*
So I just saw the Loreal commercial Bey and Solange have out now. For someone who doesn't want to be associated with her sister, Solo sho is riding Bey's coat tails. For those who haven't seen it yet take a look.
Okay first of all I'm mad that someone actually took their video camera and filmed their tv LOL! Then this comment on YouTube did me in:
You know Beyoncé and the Knowles Corp., got a strong Creole Pimp hand. This is what happened:
TINA/MATHEW: Since y'all caused a commotion and lightened by daughter, I want to be refurbished.
LOREAL: Um... What do you want, anythinn.. name it, we'll only have BEYONCE talk in the commercial.
MATHEW: Go on....
LOREAL: We will even play that song, um "I Died"?
MATHEW: NO.. its "I Decided", and Solange gotta be in the commercial too.
LOREAL: Okay DEAL! Pls, don't hit us...
By the way Bey made number 2 in the highest paid pop star raking in 80 mil this year. Solo better suck up her pride and go back to choreographing Bey's next tour and writing those timeless hits like "Get Me Bodied" *snickers*
Light vs Dark?
Today on my way in to work I was listening to the people poll on the Russ Parr morning show and apparently Tyra recently had a show about parents bleaching their babies’ skin to be lighter. This right here is pure craziness! Why anyone would bleach their skin who’s initials are not MJ is beyond me, but to do that to a child? And the people who were calling in to comment were interesting. A lot of them were saying that they would rather have a dark skinned child than light because they were teased when they were younger for being light skinned. Shouldn’t you just be glad you’re child came out with skin period? Then some were saying that they were always teased about being dark and had comments made about them like “you’re pretty to be dark”.
But my question is in today’s society where races are intermingling with each other, is skin color really that much of a big deal amongst our own people? Does being light make you better or more favored then being dark or vice versa? I have a daughter who is lighter complected and has what many call “good hair”, but is she gonna get labeled or picked on because of something she had no control over? I mean we about to have a black president who is mixed and we still have this type of mentality amongst ourselves! Maybe we need to revisit Spike Lees School Daze. Your thoughts?
I'm sorry you guys, but I don't think I'll be posting the week. I had all the intention in the world of posting Tuesday, but I am not feeling well at all.
Thank you all and props to JR for holding down the fort. Check out her blog here [Jazzy4You].
And Jhazzai of Jhazzai's World sent me this, and now I'm feeling like going Dexter on these bitches and serial slaying mofos who use children as ignant ass pawns (and if you're gonna use your kids in this way, at least don't reward them with that plastic ass jewelery from the clearance bin at Family Dollar).
Is There That Much Love In The World?
Let's just say that you've met a person you could really see yourself getting to know better. They're educated, responsible, and make a good living for themselves. You've been seeing each other for a while and you've never been to their place, but you don't mind, you like the time you spend with this person, wherever you are. Later on, a little birdie gives you the whereabouts of their living quarters and you go over one day to surprise them. When you get there, the door is cracked open, you step in, and this is what you find:
Proceed with caution...
I found these pics on a Houston-based message board and this is what the original poster wrote about it:
This has nothing to do with the Hurricane. We had a resident who had an outstanding balance for over a month and no one could get ahold of her. The Bookkeeper went inside after so many tries to leave a note and this is what we found...
The pictures do NO justice. There is suppose to be 2 cats living here but we cant find them (we think they're dead somewhere inside the apartment-we contacted the SPCA). The place REEKS to say the [least], i gagged non stop.
BONUS: Try and spot the many cases of irony in these photos. I'll start with the broom on the floor.
Could your love for someone overcome something like this?
Discussion Post
Until Meik comes back from her mini vacay with Kanye let's discuss last night tv programming.
So who saw Dancing With the Stars?
Who knew Poprah/Kim from I Want to Work For Diddy was 40!?
Is New York really done with reality tv?
Umm why Lukes daughter steal THOUSANDS of dollars from him?
Party and Bullsh*t
We see you. Now sit yo ass down.
Poor girl had to fight off all those people mistaking her for the ATM swipe.
Is Shenehneh's Sho Nuf Hair Salon still in business?
If you can point out what's wrong in this pic, you win a prize!
She can sell those hamhocks for $2.99 a pound.
Ghettolocks sure can coordinate.
Is she doing #1 or #2?
I didn't know you could have roast beef curtains in your arm pits.
I will not say anything for the next two pics because I want my seat in heaven to be secure.
Lip Chap makes a spray?
She's trying to distract us from that matted weave those measles on her back.
BONUS: (I'm trying to NOT mess with the elderly.)
Want To. Can't.
I want to think that he looks good, but something is preventing that from happening.
What is it?
Another Buck-Et Baybee
You know that I don't understand Plies nor his fan's attraction to him. And this mentally tragic chick doesn't help the situation.
I could write about how dumb and stupid this stunt is and how she's not only making herself but all black women look bad (remembering the one black = blacks rule), but the fact her algae encrusted ass will smell like funk and fishcakes for weeks on end is enough for me.
I would punch a baby for Kanye, but that's reasonable and understandable. That being said, what would you do to get someone's attention?
Why Does Beyonce Hate Barack Obama?
Beyoncé & Tina Knowles's Obama is Change Ladies Fine Jersey T-shirt at the Barack Obama Campaign store.
Not only does Beyonce and her equally style impaired mother, Tina want to push their bad taste on millions of voters in search for hope and change, they want to gouge them out of 60 bucks for the pleasure (you know that scheming ass Matthew Knowles negotiated for an 80% cut).
This also prove catostrophic for the Obama campaign because voters shopping on the site will see this goofy, ugly Dereon shirt and become severely depressed, stay in their homes for weeks on end and forget to go out and vote November 4th destroying everything the Obama campaign has built!
It's an ugly, ugly scenario, but it WILL happen, so we need to stop these people by any means necessary!
Warn your loved ones!
Thanks INR for warning the masses!
You See This Bullsh*t?
The "vindicated" R. Kelly cut off those played-the-hell-out braids and gave an interview to BET, his first after being acquitted of child pornography charges in that wack ass trial this year.
Kelly was interviewed by that pandering hack Toure and I'm more mad than I should be because I can't stand nan one of these fools.
Anyway, if you can stand to listen to Kelly's slavespeak and its associated accent, please watch.
Best excerpt:
Toure: Some of the people who have worked with you have said that there's an issue here, your former manager has said publicly that there's an issue of concern here, your brother Carey has said that there's an issue of concern here...
R. Kelly: (comically aloof) Issue of concern? Whaddya mean when you say "issue of concern?
[DUH NIGGA!!]
Toure: (spooked) They said that they're concerned that you like (gulp) underage girls.
R. Kelly: Let me put it to you this way, man. Uh, ya know, unfortunately the people that don't work for me (pause) says that, the people that do work for me, dontsaythat. The people that don't work for me were fired. [Stay with him, now...] If you had someone work for you, and they mad because they not working for you anymore 'cause they used to getting a certain amount of money and they used to getting a certain amount of fame...[blah, blah, blah...] DO NOT LISTEN TO THE PEOPLE THAT WAS FIRED! Don't even listen to the people that was hired. Listen to the facts. And and and and get into what you think and make your own opinions.
Okay, my opinion: Nigga, you a lie. And for someone who does the type of underhanded shit that you do, you're quite bad at it. That response ain't make a lick of sense and it was painfully apparent that you were searching your mind for a response to that simple ass question.
Ugh, watch here:
