Trillions in T-Bonds missing

An even worse new problem: Treasury Bond market has completely broken down (thanks again, George). As of this moment at least $1.3 trillion worth is just undelivered. This is one of the main reasons lending isn't going on, because if the collateral for a loan isn't forthcoming the loan cannot be made. This is so serious that Bush himself has done nothing about it because he doesn't want to screw up a market with government intervention, in fact the
Administration is refusing to intervene and told the participants to sort it out themselves. An even worse problem looms because President Elect Obama is threatening to bring the Treasury Market under competent administration, something the Republicans vow to fight to the death. Major Article HERE, that will explain that the government was told by the dealer network to mind its own business because they could handle it. Jesus, won't somebody get this mother fucker out of town, please. There is also another cross being bared above the vampire cave wherein Paulson, the guy who forced Lehman into a bankruptcy that is still shaking markets, may rise from the mud. Lehman really was too big to fail and from what is being writ, they were solvent.

All this via Infectious Greed.