WTF do they do all day? Network with Wall Street for their next banking job?

Have you read the Rolling Stone article on GS? Or the De Fazio opinion of the “Energy” bill passed narrowly by the House?

It’s like we’re watching our own disembowelment, helpless to defend ourselves.

Brazil, and the Real has been The trade since October–Emerging Economy, no Net Oil dependence, with a positive Trade Balance, is all one needed to Understand..

re: denomination of future UST offerings, ‘Yankee’ bonds are going to receive a whole new definition..
http://www.finance-lib.com/financial-term-registered-bond.html

I haven’t seen anyone reference the original acronym to the Iraq gambit for a long time. Those people had such dogged determination in pursuing their uncontrollable desire to exteriorize the pyschic FUBAR reality they were living. They couldn’t hide what they were up to, but they were able to talk a lot of people into not paying attention. What the furry Jesus were they/we thinking?

All this energy to stop price discovery. Anyone see the Dresdner withdrawal? Important? Is that a precursor to the appearance of US bonds denominated in other currencies? How long will the illusion of value hold the dollar together?

Also, why is the Brazilian real strengthening so much? Contemporaneous to a significant drive to expand credit and the monetary base…Are the banksters fixing to corral the real and fatten it up to spur consumption in Brazil?

Aprueban “privatizar” tierras amazónicas
http://www.bbc.co.uk/mundo/america_latina/2009/06/090626_0453_lula_selva_amazonica_irm.shtml

Money quote at 1:44

The change is net neutral in terms of numbers as a new dealer just came online, but in general this is a major net negative for the Treasury market.

Why? Because being a primary dealer is, in general a license to print money. You get to field customer orders for Treasuries and make your spread, and you have a privileged trading position with The Fed.

There’s only one fly in the ointment, and that is that the position comes with a requirement that you bid. This is distinct from most other nations where no such system exists, and essentially guarantees that there can never be a “failed” Treasury auction.

There was no reason cited for the withdrawal but one can surmise that the issue is that they’re stuffed to the gills with Treasuries and are finding it difficult or impossible to earn their spread, think there is a material safety risk in their participation (e.g. getting stuck long with a deteriorating position), or both.

Either way there is no possible means to read this as bullish. While the issue may be with their liquidity demands and thus not reflect severely on the Treasury market with the issuance that has gone on this year and will for the foreseeable future

good points, both, ‘marked increase in ‘Failure’ of little Banks — remember Whalen’s apt headline: “Tough Tootsies, Little Banks”, and ‘fair pricing’ — let us remember, as well, TARP was sold, to the ‘Cained Peep, the same way Operation Iraqi Liberation (OIL) was, “it will pay for itself, maybe, even show a profit..”.

How quickly that Line hit the Memory Hole..

The Bank repurchase of TARP Warrants is, yet, another story our ‘Watchdog Media’ has, casually, slept through..
~~

Bruce,

nice take, should remind peep why our Founders were unenthusiastic about Democracies, and with that understanding, created a Republic. A Democracy is something we have Never been, unless, of course, one is instructed by the, current, USGov, NPR, MSM y the rampant virus of general ignorance..
http://legal-dictionary.thefreedictionary.com/Republic
http://legal-dictionary.thefreedictionary.com/Democratic+Republicans

Our government seems determined to play to the fears of these quietly desperate individuals. Both parties. People who make their own way in life will just have to understand that some will always need to feel the caressing hand of government, for they cannot make their own way. It will always be so.

I still think there will be a US super agency created to help out the banks, but these homes at a fair price. Fair price in the same sense that the warrants held by the US for TARP will get a fair price, the banks will determine what fair is, of course!