Every bank in the world essentially stopped intrabank lending today.
Every bank in the world is queuing trades to wind down counterparty exposure en-masse, like on that heady Lehman weekend. They're contingent on a bailout. Tech staffs are nervously monitoring servers to ensure the volume can be handled.
Sweat it out! I think the ice will break and we'll do the needful. I hope so. Otherwise, Congress becomes the ultimate "FAIL" image macro.
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