Friday, February 27, 2009

All the money in the world watch

As I said last October, all the money in the world can be poured into the banks, and it won't matter.

Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?

We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.

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