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nothing was learned from the junk bond scandal in the '80s... part 2 is now upon us..... sure ...Republicans are mostly hands off when it comes to financial markets and screw things up when they do pass laws... Sarbanes Oxley for example..... now there is talk of Fannie/Freddie...

OldTrader...I disagree the old money in DC really hated Volker for punishing type recessions that cleansed the system of weak credits.... Greenspan's downfall was that he used the Fed. to allow poor credits and marginal businesses to survive and act as an anchor on the system.... Wall...

ain't seen a bounce in this one to buy

Volker was the last finger in the dike and when the DC establishment made him blink....the fix was in.... and that was the start of the the current slide from which we may not recover without a dose of civil unrest behold your vanishing dollar....and I think there's a post elsewhere where...

what difference does it make? aren't the fat thumbs selling the Yen 3 month forwards and effectively borrowing at about 0.5% the situation in DC is looney toons Fannie and Freddie are set to go bust and citi and JP are sitting on mile high no bid paper.... It is amazing the cart has...

I have a hunch that he has Bernanke's number on speed dial

good for eddie citi's equity is 171 bill w/ 135 bill in level 3 he needs a big truck

i think the UAE trade surplus is about what the Chinese surplus is...1.3 trill they aint dumb.............

awhile back, who bought a bill worth of converts (18 a share) ???

if one doesn't believe in gold or anything else, just tear off a 4 x 8 sheet of plywood and see if the mortgage company with take it as payment after all, it came off the $1.5 million 2 bedroom 1 bath dump in San Diego that was supposed to be worth $2.5 million next month....

with so many big banks in "Level 3" never never land..... what other choice is there for governments....

with this kind of printing press running flat out.... me bets on gold.........

very observant..... the Fed. must be printing money and buying bonds to soak up supply in a process called "monetization".... it's call "staying in power".... anyone with 2 brain cells that are talking to each other aint buyin'... what would a 300 basis point rise in yield do to all...

well that's easy...just categorize all Level 3 assets as "off balance sheet non financial assets" since there seems to be no bid for the stuff

http://www.financialweek.com/apps/pbcs.dll/article?AID=/20071114/REG/71114011

something is circulating http://calculatedrisk.blogspot.com/2007/11/cnbc-fasb-157-delayed-one-year.html

I cant source it but there are rumors the market to market for Level 3 assets will be delayed a year, after the 08 elections of course

doubled over laughing

oopps... Sanchez just turned traitor...fading the dollar...our own government ...junkin' our stuff

he didnt have a response to ron paul's last rant...other than an "f u" look