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if you busted every member of Con-gress for sleeping with their "assistants", there'd be about 4 people left to sweep up and turn off the lights at nite. remember that Billy Clinton didn't have sex with "that woman" so Spizter's only option left depends on what the definition of "is is"...

my fav headline to confirm the next Great Depression "E. Spitzer defaults on prostitution debts"

oh we can turn this around in 2 more rate cuts

http://biz.yahoo.com/rb/080312/usa_budget.html?.v=1

forget treasury default risk, the currency is defaulting

not this time since they hold all the crap paper they cant get rid of. sure it would restore the margins if there was a decent bond insurance market to allow the banks to move the stuff.. ABK is supposed to all of a sudden become solvent if it floats 2.5 bill. of dilutive paper aint...

the long end is starting to get skittish

who wants to refi since they have to requalify, which many cant. or who would want to lend on a house which is plumetting in value

a reflective pose when his mom told him that he was "the hole in the rubber"

not sure I agree with a metals top since dollar peg countries are seeing black markets springing up and discounting the peg rate 10 - 20% middle eastern counties specifically...they cant tolerate this much longer .. something has to give and the vote is piling up , no bueno dollar

forget all this rate bullshit the stunner was Benny B-52 asking banks, PUBLICALLY, to forgive some mortgage debt.. we're in fantasy land.. so your neighbor gets 50 grand lopped off and you're still paying an 8% ARM on your no-down underwater dump. yea right

I suppose K. Fineman's long Goldman:short Lehman trade is now a heavy diaper.... the fast money hamsters are at a complete loss for bullshit

look... CNBCs Pisssani said 8 months ago that the subprime crisis was contained. goldman needs to stop bitching...

here's the answer, a currency with an expiration date... like a can of soup... sounds like a plan there Benny..

fisher doesn't get it. the Fed needs to stabilize the dollar and then work on inflation.. without a stable dollar, the rest is a goose chase

raise rates Ceasar? http://www.philly.com/philly/business/homepage/20080304_Phila__Fed_chief_hints_interest_rate_is_low.html

the jawbone flapping fed is making this worse.

this CONTRACT law that Benny wants to change on the fly.. this will jam up the courts for decades if the US goes down the path of pinko banking. the Democrats want some quick action on this so they can hang the whole thing on GW imagine the chaos if banks start forgiving 20 % of a loan...

bernanke may be saying the fed can be of no more help other than a few more cuts. the bankers have to laughing at this one.

Day, have you been drinking bong water again?