Oh oh....
"We don't want none of your steeenking 30 year paper Mr. Government - not with all this rampant lawlessness and fraud out there in the mortgage space - fraud that we know the Banksters will present themselves with in front of you and get fellated for again, and for which we will ultimately get hosed since we were dumb enough to lend you money that you're going to have to vaporize to save these crooks."
Yes, that's the alarm clock ringing folks - or a Stallion that ate a whole bottle of Viagra. Pick one - they both suck.
To the government: Better get with this for the banksters, or you're gonna see more of that - and it would be a good idea to start with Bernanke when you start with the list to who you intend to apply those cuffs to, along with the CEOs of the big banks. You know their names - they're the guys who were chuckling as they left Paulson's meeting in 2008.
Don't wanna do it 'cause you like the bribes, er, "campaign contributions"? That's cool. So long as Bernnake continues to threaten to print money and debase the currency we'll simply add the premium for that risk to the bond market, and instead of long rates going down as he thinks they will, they'll go up.
Now about that deficit you think you can fund......
Keep at this crap long enough and you will get within the impact zone of this - and once in the zone there's no escaping the outcome.....
Besta-luck Washington - when you sleep with dogs you wake up with fleas.
COMMSCOPE COMMUNICATIONS HOLDINGS COMPAL ELECTRONICS COSMOTE MOBILE TELECOM.
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