Thread: Breaking News

Gee, if that happens, we could be down to 2 IFTs a year!

Paulson is too soft on his financial buddies. He offers huge help with insufficient public protection and payback. He needs to resign along with the whole Bush administration within 2 weeks. Obama could temporarily keep key Bush appointees and offer all Bush key players an additional early severance package of 1 extra month salary beyond inaguration date to resign in 2 weeks.

Dr. Faustus, sorry for not responding to your reply about a week ago regarding my NASA recycling comments. I was not suggesting that we or anybody else collect space garbage and return it to earth. Rather extend international cooperation beyond the ISS to broad agreements on standard sizes and building designs for all commercial satellites. When they stop working collect them in a space junkyard. Add a recycling/fabrication facility on to or separate from the ISS and reuse standard parts from the old satellites, etc to then build and launch new satellites, etc in space from the fab facility.

http://www.ibtimes.com/articles/2008...ay-running.htm

The rate on three-month loans in dollars--known as the London Interbank Offered Rate, or Libor--rose over 0.01 percentage points to 2.22 percent, according to the British Bankers' Association.

Still a lot lower than it was several months ago @5%+. Maybe just maybe it will stay down in a lower range for awhile. Maybe.

http://www.atimes.com/atimes/Global_.../JL05Dj01.html

Richard R forwarded an article from the Euromoney newsletter that reported that another bunch of scumbags were lying, this time about their pledged US Treasury assets as collateral for debts and bets, and when it came time to make good on their losses, they could not deliver the pledged collateral!

Thus, "fails to deliver among the 17 primary dealers in the US Treasury market have rocketed to more than $2 trillion over a period of weeks and still lie above $1.3 trillion. Broker/dealers have stopped delivering bonds."

I've heard rumbles about people shorting Treasuries lately, this is the first concrete detailed story I've run across-implies naked shorting is happening. Is everyone hiding under the covers hoping this isn't really happening? Seems like this would be hitting the papers all OVer the world, not just secondhand in the AsiaTimes. Does anyone have a way to get hold of the Euromoney newsletter mentioned? FRIXXX?

This morning I found the Euromoney article I fell asleep trying to find last night. Here it is. The site won't let me copy any part of the article so you'll have to go to the site to read anything more than what I posted last night. Incidentally, reading the original article I realized it wasn't talking about shorting Treasuries after all-my mistake.

Article really talking about failed Treasury buying and selling activity. Brokers/dealers afraid to borrow or lend Treasuries for fear of what could happen on the back end.

http://www.euromoney.com/Article/205...ing-point.html