The Mo has lost the mojo

Quote from DeepFried:

So a one day rally in stocks that are down about 90% off their highs is going to end all progress on the bond insurance problem? I don't think so. I think the statement by Dinallo is pretty clear and the article from CNBC is of a more speculative nature. This isn't a problem that can be walked away from.
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I agree that this is the biggest problem facing the economy at the moment. But is there really a viable solution? Why would the banks want to throw money down that rathole? The have enough trouble as it is.
 
Treasury Bond futures are off five points from yesterday's highs. Such dramatic movement tells me that market participants are expecting some sort of deal to be agreed upon.
 
Quote from Eliot Hosewater:

Why would the banks want to throw money down that rathole? The have enough trouble as it is.
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True enough, but if the banks want to continue to participate in a system that they pooped all over by securitizing and selling total garbage they need to step up. It's not all about multi-million dollar bonuses and stock options. They've got more responsiblity than the average widget maker.
 
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