The financial system as you know it today only has months remaining... not years, decades or an infinite future. I laugh at the people (shorts/bears) who are worried about a real estate bull market starting in a nasty cold December with unemployment accelerating towards the roof, and state budget deficits...and of course the massive federal budget deficit. We had to announce that stupid FFT range today because there's no interbank demand for credit to balance reserves...credit origination is nil. Treasury yields are where they are today because everyone is front-running our boy Ben's bluff. György Schwartz is going to march out and call the top in bonds. When he makes the announcement what happens next will be talked about for generations. PS - Benny is pretty good at running his mouth and Obama won the last presidential election of the "United States of America." Merry Christmas and Happy Hanukkah