fucking Shit.

First on CNBC.........

No coverage of the UBS 10 Billion writedown, (this was 2 days ago)........ but barely mentioned

Then continue to speculate and repeat that "The fed May cut more, between now and next meeting"...... Repeat till balloon re-inflated.

Also, idea that the fed will create Special Fed "SIV" like window, Like the discount window, without the that Nasty Transparency.... Because Bullshit Wool over our eyes is better than knowing what is going on.....

The idea that the banks will go bankrupt because the have to line up to the Stigma of the Discount window..... "Woes to the bank that lets anyone know that there are problems."

Wall Street really is made up of a bunch of little girls in dresses, acting like men.


First on Bloomberg TV.....

Apparently, Weak dollar means imports............... More expensive.