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short covering.... and it likely didnt hurt that the Fed. floated a few bailout rumors instead of really insolvent...the banks are now sorta insolvent....

btw, Democrats are floating the idea of buying subprime mortgages and then selling them on the "open market" whatever that is... who makes up the difference? give you one guess

he was handed a bad hand but he's making it worse..... the day of reckoning delayed not deterred

this reaction is about preventing a ratings downgrade which would force banks to take more hits...... 15 billion to abk and mbi.... who are technically insolvent anyway.... remember ACA capital was trading on the pink sheets but retained an A rating...until recently where does the 15...

asia rallies are starting to fall apart

ES is minus 16 as of now

the '87 crash was populated with disbelievers all the way down but the US was not in as bad a credit shape as today this crash will be merciless sparing no one an opinion of course and I could be wrong

akin to the Captain of the Titanic worried about wet carpets..............

kudlow's picture seen on milk carton

cramer, kudlow and vince ferrell (sp) are so far below the waves that it will take a glass bottom submarine to search for their long positions.... Ferrell six months ago said that financials "look attractive".....

Kudlow should be worth the price of admission

CNBC tomorrow: "The DOW is down 800 points but the good news is that we've bounced 15 points off the lows"

Ok that's it I'm bringing 1000 strawberry pickers and you better Se hablo Espanol we'll float the whole debt in a CMO to a bunch of suckers in Singapore and head for the Caymans.... I love it when a plan comes together...

look ... me and 100 strawberry pickers are coming to your office on Monday and demanding minority status for our American Dream.... strawberries are going up in price you must know and we demand our rights...

no problem... I'll bullshit the application and buy 10 condos and sell 5 for 25% off and skip the country.... I'll call you Monday

what I'm reading is insanity part II so a piece of crap condo worth 1/3 of the top price gets a refi based on what? pour me a scotch... the monkeys are running the zoo

refi??? refi what?? we're all of a sudden back to the future... who the hell is appraising the refi's or is this another fico shell game..

money market funds sometimes own a % of commercial paper to gas the yield by 10 to 20 points whose next to break the buck?

I thought MER shoved most of the SIV CMO and Conduits from a trading account to a "hold until maturity account"... to avoid mark to market... Thain aint there because he looks good in a suit....

the whole mess is a crisis as long as bankers and politicians cant find a subverted method to shove all of this onto the US taxpayer.... the RTC was floated off balance sheet and was shoveled over 20 years.... now, there are no options which pass the smell test..... ahh the internet is...