IMF to be out cash in six months

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html

Welcome to 1932

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4560901/Bond-market-calls-Feds-bluff-as-world-falls-apart.html

The end is nearing. When we can not borrow we are done.

New Group same as the old group.

http://www.nakedcapitalism.com/2009/02/now-its-semi-official-mlec-to-rise-from.html

So the big plan for tomorrow is the one that got rejected by Hank cause no one wanted to play.

It quietly faded from the headlines.. Why? It was supposed to be a private sector solution, but guess what? Investors had no desire to buy assets at phony prices, and banks didn't want to unload them at market. Various efforts to finesse the basic problem predictably got nowhere.

You can not make the banks sell at market cause they would be Bankrupt and you can not over pay cause you are in huge money losing position. Does the Obama team have no new idea's? Why the hell is it changing every second? Who the heck is running this show? Change? WTF!

US to force automakers into Bankruptcy?

http://www.nakedcapitalism.com/2009/02/us-desire-for-priority-repayment-lead.html
And screw the TARP main recipients at the same time. This what you get if you hurry and don't have a plan. Every get the feeling all the bad things are trying to occur at once? Looking like Hank 'the bazooka' Paulson help with come back to bite everyone in the ass.

Trust in Crammer? Not so much

http://online.barrons.com/public/article/SB123397107399659271.html

Scary Chart of the day!

unemployment vs the last two recession. WOW!

The coming Money Market Problems

http://www.news-record.com/content/2007/11/13/article/bank_of_america_to_write_down_3_billion

The Charlotte-based bank said it will also spend about $600 million to support a group of its money market funds because of "uncertainty around the value" of the funds investments in structured investment vehicles, which use borrowed money to invest in risky but high-yielding investments.

We have a huge problem coming in March, with rates at zero we are facing a major money market problem. This is just the tip of a huge iceberg.