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Blog Archive

Monday, September 22

The Market Demands Surrender and Bailout



As Wall street stocks fell in early trading on Monday morning, investors demanded to know that they will be bailed out.

"you must bail us out"
"Say you're our doggie"
"You must bail us out"

Was a song sung, to the tune of "You Belong to Me" by pop singer Carly Simon.
Investors are relieved that federal authorities are taking action but still our insecure, since they know most of their investments are worth nothing, and our worthless toxic derivative junk. That is my they insist on being bailed out, particularly in MBS Mortgage Backed Securities in the Housing market, which continues to sink.

Meanwhile, Goldman Sachs and Morgan Stanley demanded to be changed to bank holding companies. This is to flaunt the destruction of the Glass-Steagall act, and the investment banks ability to rape and murder the deposit banks, merging and canoodling with them. And interest rates on U.S. Treasury bonds were at unbelievably low, for a three-month bill, of 0.93 percent Monday, down slightly from 0.94 percent late Friday. The Treasury's 2-year note's yield was at 2.19 percent, up from 2.14 percent Friday. The yield on the 10-year benchmark Treasury was higher, at 3.88 percent compared with 3.82 percent Friday. You must bail us poor little investment banks out!

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