[politicket]

The TED broke 400 this morning.

That's bad, but what's REALLY sobering is the LIBOR/OIS Spread. It was sitting at 321 bp last I checked. That blows away previous records.

[NVDave]

Yep.

This is reaching a point where Bernanke and Paulson have to be realizing that what they’re doing ain’t hacking it.