Dinner in Paulus Hook

Had dinner last night in Jersey City with our frinds JW and JD. They are recent transplants to JC from the city. Their apartment has amazing views of the Manhattan skyline. The husband was jealous and now he wants to move to the waterfront in Hoboken. We had drinks in their place and caught up since we have not seen them much this summer. They also have a dog they rescued from an illegal dog-fighting ring- he is a pit bull. Probably two years old- very cute and energetic. Then we walked over to a nice restaurant in Paulus Hook and had an enjoybale dinner.

They are also making the trip to Vegas with us Thursday. We were discussing which scenes from Showgirls we want to visit. We are definitely having lunch in Caesar's Forum where Nomi and Crystal admitted to eating Puppy Chow. I bet Vegas could make a lot of money catering to all the gays who want to do a Showgirls bus tour.

I have to admit, have not been around Jersey City much but the Newport area, VanVorst Park and Paulus Hook are all actually pretty nice neighborhoods. Grove Street is becoming the new gayborhood. I had been somewhat biased against JC since my first stint in Hoboken. At one point JC had the most per capita heroin addicts in the country. They have been trying to gentrify the neighborhood for at least 20 years and they are finally getting it done.

Saw German shepard this morning in the court yard and I did not have my ticket but still got a free gun show- it was a nice way to start the morning. There were a lot of cuties on the bus this morning. Other hot married guy was on it too.

With IMB going under and getting taken over by the Feds (the third largest bank failure in U.S. history) the FDIC's capital base got deplieted by 10%. That is pretty stunning for one bank to wipe out 10% of the FDIC. It is also why no one cares that the government for all intents and purposes nationalized FNM and FRE. There are roughly 6,000 regional banks in the U.S. The Feds basically told them go screw yourselves, we have no ammo left and some of you will fail- too bad. Just for some perspective back in during the Great Depression roughly one third of all the banks disappeared. I am not saying that 2,000 banks are going to disappear but I bet a lot will. The one lesson you should take away from the past two years of market turmoil is that the Fed and the Treasury do not care about equity shareholders. Their main concern is making sure the debt markets work and that debt holders are made whole no matter what. This summer is going to continue to be depressing in the markets is my guess.

Have a dentist appointment today after the close then will most likely hang out with the other gays in the village at the Tuesday night meeting place. The husband is having dinner with a broker he finds cute.