Ecuador is generally approving of Correa's clampdown on Grupo Isaías yesterday, though many want to see the TV channels move from go'vt confiscation (now) to auction and re-sale back to the private market as soon as possible. The only wailing is coming from media sources with similar dubious banking backgrounds. Correa seems to have played and won this round, and if it weren't for the Ortiz resignation yesterday it would be a full-on win. But bonds are recovering too, as new girl Wilma made the right pro-payment sounds last night.

Expect Ecuador's new mining law to be published next week. That's good jungle drum juice. Don't put the cart before the horse, boyz.