Illiquid Assets - The Truth
The Market Ticker ® - Commentary on The Capital Markets
Posted 2009-02-17 01:53
by Karl Denninger
Illiquid Assets - The Truth
 

10 minutes of your day and you will understand.

"Illiquid Assets" didn't happen as a consequence of the market.  Nope - it was market interference that caused that to happen, and guess who was responsible?

To put it bluntly: You've been gamed America, by your government, so that a handful of rich campaign donors wouldn't have to confess to creating and holding the worthless trash on and off their balance sheets.  Our economic deterioration will end only when interference in the market's clearing mechanisms ceases.

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