Walter Hutchens’ Blog

• Public Radio episode of This Amer. Life on banks: http://tinyurl.com/bbzcgu #
• AIG lost $67 billion last quarter. US govt. throwing in yet more $; Citi trading below $1.25. BOTH got my money already. #
• We keep hearing these firms are “2 big 2 fail” b/c so many counterparties & scale so big—but seems global diffusion & size = 2 big 2 save! #
• I’ve always joked that worst case scenario is I’d move back to Alabama & grow vegetables. Starting to wonder if it’s time to order overalls. #
• Southern friends: Glad ya’ll enjoyed the “bllizzard.” If you want more, come visit. Spokane got 60 inches in Dec., incl. 17″ once in 24 hrs. #
• “we now have an ed economy of info abundance confronting an ed delivery system built for a time of info scarcity” http://t inyurl.com/bfd2ul #
• Happy to report son’s first 100 days complete. Agenda to transform parents’ lives implemented fully. Change diapers? YES WE CAN! #
• Actually, the milestone of 100 days of life is really, really big in Chinese culture. So, 热烈庆祝马晓华百岁了http://tinyurl.com/aaec3h #
• Geithner good @ 1) thanking elected official for ? 2) acknowledging some shared underlying value/principle 3) reiterating his talking points #
• FB “Law of Amiable Inclusiveness” diminishes concept of privacy? A biz prof from Silicon Valley writes in NY Times http://tinyurl.com/d4z94z #
• Yipee! Another China specialists coming to Whitworth. A history prof, currently @ U of Alabama. http://tinyurl.com/bqeyht #
• Shouldn’t college work this way: http://openhighschool.org/ #
• Geithner’s lamp has a “double happiness” Chinese character on it. Not, ah, working too well yet. http://tinyurl.com/c6u68k #

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• Public Radio episode of This Amer. Life on banks: http://tinyurl.com/bbzcgu #
• AIG lost $67 billion last quarter. US govt. throwing in yet more $; Citi trading below $1.25. BOTH got my money already. #
• We keep hearing these firms are “2 big 2 fail” b/c so many counterparties & scale so big—but seems global diffusion & size = 2 big 2 save! #
• I’ve always joked that worst case scenario is I’d move back to Alabama & grow vegetables. Starting to wonder if it’s time to order overalls. #
• Southern friends: Glad ya’ll enjoyed the “bllizzard.” If you want more, come visit. Spokane got 60 inches in Dec., incl. 17″ once in 24 hrs. #
• “we now have an ed economy of info abundance confronting an ed delivery system built for a time of info scarcity” http://t inyurl.com/bfd2ul #
• Happy to report son’s first 100 days complete. Agenda to transform parents’ lives implemented fully. Change diapers? YES WE CAN! #
• Actually, the milestone of 100 days of life is really, really big in Chinese culture. So, 热烈庆祝马晓华百岁了http://tinyurl.com/aaec3h #
• Geithner good @ 1) thanking elected official for ? 2) acknowledging some shared underlying value/principle 3) reiterating his talking points #
• FB “Law of Amiable Inclusiveness” diminishes concept of privacy? A biz prof from Silicon Valley writes in NY Times http://tinyurl.com/d4z94z #
• Yipee! Another China specialists coming to Whitworth. A history prof, currently @ U of Alabama. http://tinyurl.com/bqeyht #
• Shouldn’t college work this way: http://openhighschool.org/ #
• Geithner’s lamp has a “double happiness” Chinese character on it. Not, ah, working too well yet. http://tinyurl.com/c6u68k #

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• Back in Spokane after East Coast trip. #
• One portfolio bright spot: Sirius up 140%! Bought a couple hundred shares, so I’ve made a whopping $15, ALMOST enough to cover commissions! #
• China in recent years listed shares of its large state-owned banks & insurance cos on public stock markets. US now owns large parts of ours. #
• Perhaps we should now talk about “Socialism with American characteristics.” #
• And the notion that we should disregard ideological labels and just fix problems is Deng Xiaoping’s “white cat, black cat” line, no? #
• And “feeling the way across the river stone by stone” (mo shi tou guo he) is Paulson’s ad hoc save-this-one-not-that-one approach. #
• Listening to Obama press conf. on fin sector reg. Goodbye, 1933 & 1934 Acts. Goodbye self-ordering market regulation to avoid systemic risk #
• Oh, just discovered Gao Xiqing used the “Socialism w/ Amer. characteristics” line in interview w/ James Fallows. http://tinyurl.com/5gmapp #
• Reading Meltdown by Thomas Woods, a libertarian take on the financial crisis. Blames housing bubble on govt. intervention in the market. #
• All these bailouts, debt-fueled stimulus plans & other interventions based on idea we’ll be be worse off if firms just collapse. Evidence? #
• SNOW in ALABAMA? It’s finally melting in Spokane. http://tinyurl.com/cgvavu #
• Didn’t realize Treas. Sec. Geithner majored in Asian Studies, has studied Chinese & worked for Kissinger Assoc. besides his IMF/Fed jobs. #
• Not sure why but I find HBO’s Big Love quite compelling. Besides CSPAN it’s my must see TV. #
• Buffet: During 2008 I did some dumb things in investments. I made at least one major mistake of commission . . . #
• Buffet con’t:…Furthermore, I made some errors of omission, sucking my thumb when new facts came in that shld have caused me to take ac … #

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