I sooo love my long curly hair.
A disaster happened.
So I did what I did to my hair.
I wish it would grow soon.
Friday, December 12, 2008
Repost: Panic! The Bangko Sentral ng Pilipinas (BSP) are led by idiots.
REPOSTED from Poli's blog.
Panic! The Bangko Sentral ng Pilipinas (BSP) are led by idiots.
While statements are delivered to calm anybody that this was 'voluntary' suspension of operations, my opinion on those statements are simple: Bullshit! Bank holidays are executively mandated. This is not voluntary.
The BSP told a bunch of banks to stop. And some other banks supposedly "voluntarily" closed up shop. However there is no reason for any bank to close except for weekends and holidays. No reason except that idiots lead the BSP.
Bank holidays were created to stop bank runs; an event when everybody, all the savers and investors and everyone else with a stake, pull their money out. Banks never have enough cash on hand (actually there is never enough cash. A bank can and does lend/invest money up to 10x what they actually have. Banks are able to use imaginary money. How? Long story; suffice to say it's how Imperialism is set-up). So when a bank run does happen, banks are torn to pieces and everybody gets money; but in this stage there is no real money. So everybody gets a whole lot of nothing.
Bank holidays do not stop banks from running. It stops everyone from getting their money out of the bank. This gives banks a chance to recoup their losses by giving them time. Time for the bank's debtors to pay up. Time to invest the teeny weeny real capital they have left. Time to pray for a miracle (or World War III).
So yeah, when thEN money comes back (pray). The banks really will open once again.
So here we are in the Philippines with a bunch of banks that got "holiday'd" or "suspended operation'd". An event which should not have happened (yet).
So why?
Simply the most obvious answer: Capital dried up. An event which makes me believe that the BSP are led by idiots. I know they're already greedy douches but financial idiots!? It is a central banks job to monitor all it's little banks and make sure they're healthy. Why didn't they catch this one? When the financial institutions went belly-up in the US, did the Federal Reserve tell them to take a holiday? No. Did any of them "suspend operations". No. Because bankruptcy is not a reason to stop doing parts of a lucrative business, which could get them out of bankruptcy. (Bankrutcy is just a legal way of saying we can't pay debts; not we can't do business) The Fed bailed them out. Or, more importantly and more normally, it forced mergers and acquisitions before bankruptcy could happen, in order to expand individual bank's pool of capital.
Did the BSP force the rural banks to combine before this happened (which it should have done before any holiday)? No. And the suspension of operations makes me believe that the banks involved voluntarily shut down because the BSP was too slow to do anything about capital shortage. The BSP did not do their jobs correctly and created a panic situation. Idiots.
Repost: an unknown kesso vs. Edward Cullen
Actually, hindi ko kilala si Kesso. But since this post really gave me hell of a good laugh, irerepost ko siya with copyright from my able writer-former classmate-thesis groupmate-friend, Rowena Cahiles. Hehe.
Posted by whenzki on Dec 12, '08 10:24 AM for everyone
siya si clarence aka kesso. ang may pakana ng list na ito. ewan ko ba kung dahil sa sobrang kabadtripan niya sa twilight kaya niya nagawa ito. hahahaha. pero effective kase may mga chicks na gusto na siya idate dahil dito. oha! baka kayo gusto niyo na rin siyang idate! hahahaha.
peace tayo clarence! :D
Edward Cullen would say: “You are my life now.”
Kesso would say: "My life is for you now... And for forever."
Edward Cullen would say: “The Lion fell in Love with the Lamb”
Kesso would say: "I fell in love with you. Bigtime."
Edward Cullen would say: “Your hair looks like a haystack but I like it.”
Kesso would say: "Your hair looks like haystack, and i love you."
Edward Cullen would sing you a song he wrote for you while playing the piano.
Kesso would sit beside you, won't sing. Would stare at you. And would tell you he loves you. A lot.
If you die, Edward would kill himself cause life without you isn’t worth living.
If you die, Kesso wouldn't kill himself because he knows you wouldn't like it.
As you leave the house Edward Cullen would say: “Come back to me, love.”
Kesso would be the one to be at the girl's house because it's more gentlemanly.
As you come back to the house, Edward Cullen would be welcoming you by playing the piano with a song just for you.
Edward sucks. Kesso wouldn't let the girl and just watch her while playing the piano? He'll let you in, holding your hand and telling his Mom you're there.
Edward Cullen would make you breakfast everyday.
You would cook breakfast for Kesso. He would eat it with you and would tell you it's the best breakfast he ever had each and everyday.
While you are both out for dinner, Edward Cullen wouldn’t even notice the waitress was a female.
While you are both out for dinner, Kesso would notice every female in the restaurant and would tell you that you're way gorgeous than any of them.
Edward Cullen, while driving, would keep one hand on the wheel and the other attached to yours.
Kesso, while driving, would keep both hands on the wheel so the trip would be safe. But he would hold your hand and kiss you on the cheek when the traffic lights turn red.
While far apart in different places, Edward Cullen would say: “It’s like you’ve taken half myself with you”
While far apart in different places, Kesso would say: "I miss you. I know you're far but you're still here in my heart."
Edward Cullen would sing until your nightmares went away.
Kesso would be by your side. And when your nightmares wake you up, he would stare at you, then hug you, and then he would kiss you on the forehead. And smiles. He knows you can't sleep so he would talk to you, laugh with you even though he hasn't slept yet because he is watching you the whole night.
Edward Cullen only does it with one.
Kesso only does it with the one he loves BUT wouldn't insist.
Edward Cullen buys you a car.
Kesso buys a car for both of you and would fetch you everyday.
Kesso would say: "My life is for you now... And for forever."
Edward Cullen would say: “The Lion fell in Love with the Lamb”
Kesso would say: "I fell in love with you. Bigtime."
Edward Cullen would say: “Your hair looks like a haystack but I like it.”
Kesso would say: "Your hair looks like haystack, and i love you."
Edward Cullen would sing you a song he wrote for you while playing the piano.
Kesso would sit beside you, won't sing. Would stare at you. And would tell you he loves you. A lot.
If you die, Edward would kill himself cause life without you isn’t worth living.
If you die, Kesso wouldn't kill himself because he knows you wouldn't like it.
As you leave the house Edward Cullen would say: “Come back to me, love.”
Kesso would be the one to be at the girl's house because it's more gentlemanly.
As you come back to the house, Edward Cullen would be welcoming you by playing the piano with a song just for you.
Edward sucks. Kesso wouldn't let the girl and just watch her while playing the piano? He'll let you in, holding your hand and telling his Mom you're there.
Edward Cullen would make you breakfast everyday.
You would cook breakfast for Kesso. He would eat it with you and would tell you it's the best breakfast he ever had each and everyday.
While you are both out for dinner, Edward Cullen wouldn’t even notice the waitress was a female.
While you are both out for dinner, Kesso would notice every female in the restaurant and would tell you that you're way gorgeous than any of them.
Edward Cullen, while driving, would keep one hand on the wheel and the other attached to yours.
Kesso, while driving, would keep both hands on the wheel so the trip would be safe. But he would hold your hand and kiss you on the cheek when the traffic lights turn red.
While far apart in different places, Edward Cullen would say: “It’s like you’ve taken half myself with you”
While far apart in different places, Kesso would say: "I miss you. I know you're far but you're still here in my heart."
Edward Cullen would sing until your nightmares went away.
Kesso would be by your side. And when your nightmares wake you up, he would stare at you, then hug you, and then he would kiss you on the forehead. And smiles. He knows you can't sleep so he would talk to you, laugh with you even though he hasn't slept yet because he is watching you the whole night.
Edward Cullen only does it with one.
Kesso only does it with the one he loves BUT wouldn't insist.
Edward Cullen buys you a car.
Kesso buys a car for both of you and would fetch you everyday.
Monday, December 1, 2008
Twilight
"the baseball scene was nice.. and the baseball scene.. plus the baseball scene... and the baseball scene too. the baseball scene was nice. basta un muna masasabi ko." - arah and diana sa gym kanina.
well seriously, I really loved the baseball scene. it's like a counterpart of the quidditch match scenes in HP. i can't give a review, i'm too humble to criticize, and besides, ayoko pa mabugbog. hehe. moreover, i haven't read the book so I can't say anything yet. (aside from noticing its very predictable plot.shhh.. ;s)
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