And the beat goes on with the Federal Reserve agreeing to accept lower-quality assets in return for loans from the government. Credit Default Swaps head their list, ownership of same soon to be transferred to the US taxpayer! (Not $BB's but $TT's)

Combined with Fanny and Freddie the US taxpayer soon to be saddled with $trillions in "lower quality assets" a lot of which are currently worthless with a much larger % moving in that direction!

Is this one for "Obama?" (Unlike the days of old when it was one for the "Gipper!")

As Jimmy Willie said months ago, "there is no such thing as a solution! At most The Boyz can only delay the inevitable!"

"They are playing a "dead hand," knowing a huge "bluff" is their only way out and then only if "nobody" calls!

"Their "bluff" is about to be called along with their IOU's!"

Real money, Gold, soon to be the only currency allowed at the table!

RUF