So, Ben.  Mind if I call you Ben?  Ben, that was a truly historic move yesterday, that coordinated rate cut.  Betcha thought that was going to un-freeze the credit markets, turn the water into wine, and get the money flowing again, huh?  How’d that work out for you, huh?  Would you say it was more successful, less successful, or about as successful as hurriedly passing the failout in terms of stopping the bleeding?  Because I would say it was about as successful as.  LIBOR’s three-month rate for USD hit its highest level since the end of last year, the LIBOR-OIS spread hit its highest level…ever, and the LIBOR overnight rate for USD settled just north of 5 percent, which is not close at all to the Fed’s dream of 1.5 percent.

Basically, all of that means that there is no money out there, for anyone.  It is all hidden in some old lady’s mattress.