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You mean the way that Texan House Majority Leader Dick Armey sat back and allowed the "free markets" to leverage-up 33:1 with Fannie and Freddie going wild? :D

Thanks Pabst. This website could be incredibly valuable, but Baron continues to allow it to go down the tubes . . . What a shame.

You are an idiot. It's called "reverse-repos". They are trying to inject better collateral into the system because everyone wants T-Bills right now. Duh.

1179 it is! Anyone looking to get LONG here? :)

I'll take that bet! :D

You think that this is just about Goldman and Morgan? You've got to be kidding. Also, did it ever occur to you that Goldman and Morgan might just have their houses in order, compared to the "toxicity" at Bear and Lehman?

Buffet is not all that great with his timing. And the VIX could go a helluva lot higher. Try going back to 1987 and see where it spiked to. That having been said, there are stocks like Lockheed Martin (LMT) and L-3 Communications (LLL), and other names in the DEFENSE SECTOR that continue to...

Someone needs a course in FED Open Market Operations.

Do yourself a favor "Cutten" and just put this guy on IGNORE. He has no clue.

You are highly ignorant. It's almost not even worth responding to your idiocy. The price discovery under the Treasury's plan comes about via an AUCTION. That is a concept that is as about as far away from socialism as you can get. Now go crawl back into your hole, fool.

Exactly. Yet some people here on ET are too stupid to figure that out. And to top it all off, they call it a "secret" defense spending bill. :D

I would agree 100%. The reason that he (swtrader) and most of Congress have no clue about the systemic deflationary collapse that the Fed and Treasury are trying to deal with is because they don't understand the capital markets, balance sheets, collateral, how banks are able to make loans...

Where have you been all these years? You've never seen pork barrel spending to support auto workers and their labor unions that negotiated ridiculous healthcare/pension benefits, the manufacturing sector, the defense industry, or subsidies to the farming community? What do you think Fannie...

I couldn't have said it any better Pabst. Touche'!

Agreed.

With all due respect, you are incredibly ignorant. You obviously do not have any understanding of the mortgaged-backed securities market. Do some homework.

Really now? Try telling that to Bill Gross and PIMCO. Better yet, try putting down the crack-pipe Son. :D

No my friend, it is YOU that is the total "pinhead" for thinking that the money will head overseas ( in global fashion ) when Europe and others are in just as significant "doo-doo" ( if not more ) than the United States. Why you think that capital from the Treasury's "bail-out" will head...

Your "conspiracy" theories leave me virtually speechless . . . Goldman being first, Morgan Stanley second? Really now? Unloading oil contracts at a rapid rate? Wachovia can survive without it? You know this because??? You sound like you have it ALL figured out. Perhaps you can testify...

You and others have been trying to make this point, yet you naively assume that there are financial institutions out there that will be willing to "hit" the governments bid on these mortgage backed securities. They may not opt to be involved. In fact, with greater liquidity and price...