Penny Arcade Episode One :: Game Review :: XBOX 360

This is a short (5-minute) review I put together of Penny Arcade’s “One the Rain-Slick Precipice of Doom : Episode One” which is a short RPG for the XBOX 360 available through their download service. There’s probably a couple other ways to get at it, but that’s the one I used.

Peep the video and let me know what you think.

It’s a Run on the Banks!!!

WASHINGTON — Alarmed by the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration on Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans.

Treasury Acts to Save Mortgage Giants – NYTimes.com

In a separate announcement, the Federal Reserve said it would make one of its short-term lending programs available to the two companies, Fannie Mae and Freddie Mac. The Fed said that it had made its decision “to promote the availability of home mortgage credit during a period of stress in financial markets.”

An official said that the Fed’s decision to permit the companies to borrow from its so-called discount window was approved at the request of the Treasury but that it was temporary and would probably end once Congress approved Treasury’s plan. Some officials briefed on the plan said Congress could be asked to extend the total line of credit to the institutions to $300 billion.

I’m watching CNN right now report on this, and interviewing the people currently “running” on the bank.  All they want right now is to get their hands on their money, which is freaking them right the fuck out.  Since the only people worried are those with accounts over $100,000, they are all the rich folks…which makes it a great story for the 24-hour networks.

The banks have actually been running on empty for a good little while.  First there was the extra $200,000,000,000 that the Fed printed up a while back.  Which wasn’t really enough in the face of the disappearing mortgage money, the slowing economy, the weakening dollar, and the atmospheric oil.

Which killed the Bear (Stearns).

Which was the sign that things were already really bad.  What is happening with Freddie and Fannie is that they got stuck with all the crappy loans that filtered through the system. 

I actually know a bit about this topic, as I used to do some work for the FDIC involving closing banks.  Essentially we would consolidate loans and deposits and prepare them for sale to other banks.  The really crappy ones that couldn’t be sold would then be administered by the FDIC untill…whenever.

(note: I just heard a guy on CNN say “You could have a run on the banks” [which would be great for CNN])

So Fannie and Freddie got hit with all of the above and the necessity to take a bunch of shitty loans.  They are the drains for the mortgage industry and they got loaded with a whole bunch of crap, got clogged and the system starts to back up.

More on this later, but I thought it was funny when they were talking to the people waiting in line to make a run on the bank.

Movie Review: Gonzo: HST on the Screen

Gonzo: The Life and Work of Dr. Hunter S. Thompson (2008)

Rated R for drug and sexual content, language and some nudity.

Not to mention a few subversive themes, some seriously whacked out thoughts and a cultural revolution that failed….mostly.

Overall I really enjoyed the re-mix/documentary. It’s not like HST hasn’t been covered before in film. Heck, Bill Murray covered him in 1980, and there’s Johnny Depps now evidently spastic portrayal of Thompson in “Fear and Loathing in Las Vegas”. So he is no stranger to the film (or even comic book treatment) and as such has officially reached cultural icon status. This status was further cemented with his totally predicted and threatened for 20+ year suicide. When your son calls your suicide a touching family moment, you know you’re talking about a special breed of cat.

Ultimately the thing I found most worthwhile about the documentary was the live footage of Hunter doing his thing. It does, quite obviously, expose Depp’s portrayal a wee bit over the top. Thompson, the man, kept most of his meltdowns on the inside and the fact that most people felt he could hold his drugs like no other makes the floppy and stumbling performance of Depp seem overly comical.

He most certainly was a victim of his own success and his story demonstrates how difficult it is to stay consistent as an outsider when the first signs of success quickly propel one to the center of the circle. When one’s main gift is to tear apart the system from the outside, once one is firmly implanted in the middle, there’s naught left to do but party.

Which he did. Until he died.

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Rating : 7.8 out of 10 for documentaries. It was a bit slow at times, although that could have been my fault. In a strange twist of fate, this was the first movie I saw with mind unaltered in years.

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Trailer