Collapse: Full Credit Lockup

Denninger sends once more.

Timmy wouldn’t have lied to everyone to prop the markets, would he?  Oh yes he would, and yes, it appears he did.

Of course we’re hearing truth from the IMF, which in an interview I cited earlier today pointed out that we may be days or hours away from a full-on credit seizure, and Mervyn King who said similar things yesterday.

Fueling the fire of my earlier post.