J. P. Morgan Gambles On Movies

Mel Brook's motion picture " The Producers" lead character Max Bialystock says, " The two cardinal rules of producing are one never put your own money in the show." And Leo Bloom asks, " And number two?". This time Max yells, " Never put your money in the show."

Obviously Morgan execs haven't listened to Max's caveat because they just formed an Entertainment Advisors division. The object of the new division among other services is to invest stockholders money into the production of motion pictures! Talk about illiquid and/or dubious rated investments as per the recent subprime mess. By comparison subprime mortgage paper looks like the gold standard.

Frivolous Monkeys With Guns, Money & Language

Yesterday the BBC reported 1 adult,male and 3 juvenile gorrilas were shot and killed in the Congo's Varengo Mountain Gorrila Reserve. Where is the AIDS virus for these near-monkeys with AK-47s ?

Yesterday the Dow plunged 387 points on nonprime loans fallout. Nonprime loans include banks lending to bad credit history applicants, high debt to income borrowers and no-documents on income home buyers. In other words banks lent their depositors money to would be defaulting borrowers who could walk away from the loans if the home didn't appreciate in value.

Yesterday the democrats gave Bush/Gonzales increased power for warrantless eavesdropping. This is despite the promise from the dems that they were different than the republicans and " if elected " would clean up Washington. Language is cheap. Only deeds count.

We are called homo sapiens. This means we are wise. But we act more like frivolous monkeys with technology.