Repo 105

Timing was coincidental. Last night on the plane home I finished Andrew Ross Sorkins book, 'Too Big To Fail'.

Today I start in the Wall Street Journal and learn about Repo 105's.

The level of shit and dishonesty amongst these Wall Street thieves can't be possible you say? Think again. It's awful deep in Congress, in the regulators and the banks. Amazing stuff and nothing being done about the too big to fail institutions today. The next bubble will be interesting. It's coming.