The Australians decided, without warning, to zero out their SIV losses totally. This daring move had to be done just like throwing excess weight overboard when a plane is in trouble. Lending via the normal channels is falling to zero, also. But in my next article today, we will discuss the resumption of the Japanese carry trade, a subject of greatest fury here. The US people are seeing public services die rapidly now. Even as we spend record amounts trying to control the entire planet. Which is, incidentally, undergoing a huge rash of bombings by 'terrorists'. Hedge fund hell hounds are howling because of the SEC's restrictions on short sales and of course, their attempt at capitalization via bidding up oil futures is now failing, too. Citigroup's other chairman leaves with over $40 million in severance pay. Tax the rich!