IAAM: Fed Speak and the Return of the PIK

Lot’s to cover today, including;

• Fed speak = market plummets  |  Fed clarifies = market soars  (go figure)
• The return of the PIK – for all of twenty four hours
• Who said crime doesn’t pay? Certainly no one from Wells Fargo
• First 28 pages and now Bldg. 7 – we are slowly learning the real truth about 9/11