31 August 2007

Behold your new endless money supply ...

Funny money

Friday, 27 August 07

Securities used by institutional borrowers to obtain loans and leverage more Enronic rapine of pension funds are being exposed daily as worthless chits ... but don't worry, the Fed is here to rescue fearless and lawless financial adventurers.

As the Fed cut discount rates today, breathless borrowers hanging at the end of their margin will get a brief respite in looser credit ... while the foundations of their trust in the viability of the system are disolving underfoot.

Billions of funny money injected into the system last week and coffin nails provided today in a desperate last move to prevent the inevitable.

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