Waddling Back To The Trough

Here comes a squealing Fannie Mae, begging to suck on the taxpayer teat yet again. Hey, I know, let’s throw some more good money after bad.

Fannie Mae Seeks $8.5 Billion in U.S. Aid After Reporting Loss

Fannie Mae, the mortgage-finance company operating under U.S. conservatorship, will seek $8.5 billion in Treasury Department aid to balance its books after reporting a $6.5 billion loss in the first quarter.

Fannie Mae is requesting the money to eliminate a net worth deficit of $8.4 billion for the three-month period that ended March 31, according to a Securities and Exchange Commission filing today. The $6.5 billion loss for the quarter compares with an $11.5 billion shortfall in the same period a year ago.

. . .

Fannie Mae’s smaller rival, Freddie Mac of McLean, Virginia, posted a $676 million first-quarter profit on May 4. Freddie Mac reported a net worth of $1.2 billion and didn’t request additional aid.

The two companies, which own or guarantee more than half of U.S. single-family mortgages, have drawn more than $160 billion in Treasury aid since September 2008, when they were seized by the federal government amid losses that pushed them to the brink of insolvency.

See also:
Fannie Mae Falls Back Into the Loss Column
Fannie Mae to ask $8.5bn of Treasury
Fannie Mae seeks $8.5 billion from taxpayers
Fannie Mae Posts Deep Loss
Fannie Mae requests additional 8.5 billion dollars in government aid
Fannie’s Friday Earnings Release: $8.7-Billion Loss

And who’s responsible for this financial black hole?

Why are we continuing to prop up this bull[expletive deleted]? Let Fannie Mae fail. How much worse can the housing market get? In fact, the government’s insistence in meddling in the housing market. led by the Democrats, only prolongs the inevitable and prevents the free market from sorting itself out.

/take away the trough, wean Fannie Mae from the taxpayer teat, vote Republican in 2012, it’s the only way to be sure

Watson Wins!

Okay, so it’s only a practice round but, nonetheless, it’s pretty damn impressive. Just remember, these aren’t ordinary Jeopardy! Champions that Watson is beating like a drum, Ken Jennings and Brad Rutter are the top two all time Jeopardy! Champions.


Computer beats Jeopardy! champs – is world domination far behind?

IBM recently created a supercomputer named Watson that will compete against humans in the “Jeopardy!: IBM Challenge.”

The other two contestants? Previous “Jeopardy!” champions Ken Jennings, who won 74 consecutive matches, and Brad Rutter, who won a record-breaking $3.3 million as a contestant. The televised match will air in February, but today IBM offered a teaser in a three-round test battle.

Watson has been in the works for approximately four years. It is powered by 10 racks of IBM servers and has 15 terabytes of RAM. However, Google or KGB are no help to the machine, as it’s not connected to the Internet. Instead, it gets its information from myriad encyclopedias, dictionaries, books, and other sources of information it has digested. According to IBM, Watson has access to the equivalent of 200 million pages of content.

Watson also works just like a human contestant would: he has a buzzer and answers in the form of a question. Although as a bonus for the audience, the top three answers that Watson believes are correct are projected on a screen, giving insight into its decision-making process.

The results of the today’s match shouldn’t be too surprising. Tech blog Engadget.com
reports that no question went answered incorrectly by any of the contestants, but the computer beat the human champs, as Watson led with $4,400, Jennings was second with $3,400, and Rutter rounded out the scoring with $1,200.

See also:
IBM’s Watson supercomputer destroys all humans in Jeopardy practice round (video!)
IBM’s Jeopardy supercomputer beats humans in practice bout
IBM’s Watson wins Jeopardy practice round: Can humans hang?
Are You Smarter Than A Computer The Size Of 10 Refrigerators?
Machine Bests Man in “Jeopardy!” Practice Round
Domo arigato, Mr. Watson: IBM computer takes on ‘Jeopardy’
Jeopardy! supercomputer: Is the next game show champ a machine?
The computer wore Jeopardy’s buzzer
Computer wins first test against 2 ‘Jeopardy!’ champs
The DeepQA Project
Watson Research Center
I’ll Take Machines That Play Jeopardy For $500, Trebek

Did you watch the way Watson destroyed those two hapless human Jeopardy! champions? Instead of Jeapardy! trivia, they should stuff Watson full of all the known economic, military, scientific, and political knowledge.

/I’d vote for Watson over Obama for President in 2012, America would be a much safer and more prosperous country

Obama’s Little Blue Book

Introducing ‘Pocket Obama’: Must-have Anthology of Obama Quotes

Just in case you can’t get through a day without some refreshing and uplifting words from the new president, the History Company has created the “Pocket Obama.”

This is a tiny, pocket-sized book filled with “quotations borrowed from Barack Obama’s speeches and writings.”

According to its creators, “It is an unofficial requirement for every citizen to own, to read, and to carry this book at all times.”

I kid you not.

OBEY, order yours today!

/does this remind you of someone else’s little red book?