Thursday, December 20, 2007


Apparently banks are shy. They don't want their secrets revealed. They don't want to reveal their exposure to big shitpile. They don't want anyone - customers, investors, the press - to know that they want to borrow some money from the Fed. And the Fed is rewarding their desire to keep things hidden with an opportunity to borrow money without anyone knowing they're borrowing money.

It's so absurd.