pretending to give a fuck.

"You'd better get this straight. Wise up before it's too late." -- Sister Sledge

BTW, looks like England's HSBC is showing signs of stress.

deadline for same reason: to keep the Asian stock markets from freaking.

Of course, last week China had not instructed its banks to not make interbank loans to US banks....

BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

The Big Shit Pile's stink is reaching all the way over the Pacific.

And make no mistake, we are being conscripted:

From this point forward, any gains in productivity will no longer be applied in total toward our quest for a more perfect union and the pursuit of happiness. Think about how much progress will have to be made in labor productivity rise just to offset the $900 billion already tallied and the now additional $700 billion such that we do not lose our current standard of living. If we can not make the increase, how much lost standard of living does this represent? How much more do I have to work, or how much of what I work now will go toward this crisis resolution instead of bettering my life? These are the questions we as citizens should be asking. It's not like we can all just pay this off by writing a check from our savings. Even if we could, it represents future gains in our personal growth lost.

It is not money. It is not the taxes to be paid. It is not the wealth lost. It is the most basic of human life sustaining and rewarding experiences being taken: labor. Our labor. That which provided the bases for the value of our nation's worth.

That this crisis resolution is being talked about in dollars does a complete injustice to all of the labor that has come prior to this historic moment. The failure of the system, the loss of value, the loss of the integrate of the system is a testament to the abuse (physical and emotional) that the US citizen has been enduring. That the discussions (and I understand that we have to discuss the mechanics to resolve the crisis) by our elected does not come from the perspective that it is our labor being taken, being assigned is the lie we have allowed ourselves to live. We have not made what takes place in our country personal. It is always abstract in our national discussions.

But, hey, at least Nancy and Harry and Barry and Barney and George and Hank will save the Asian markets from having a bad day.

Isn't their skyscraper in Canary Wharf in London their global headquarters?