[Marxism] AIG back for another suck at the teat ...

[S. Artesian]

And it gets better:

Financial Times  reports that the US Treasury is demanding that firms 
participating in repo markets (where Treasurys and other securities are 
delivered as collateral for short term loans, usually 24 hours, but 
sometimes longer) disclose any large holdings of govt securities.  This is 
due to the number Treasury "fails" in the repo market.  A fail occurs when a 
borrowed security (a US Treasury instrument for example) that is exchanged 
for short term cash is not returned.

Fails have come down from a record $ 2.7 trillion to the still "highly 
elevated level" of $1.7 trillion.

And the source of the problem-- the two Treasury issues targeted are trading 
at 0 percent interest, so the penalty in accrued interest payments for not 
returning the security on time is effectively zero.