to my surprise

I got specifically a request for a Cascadian Mecha Militia Dance Dance Revolution Stein, so I set up a second store (which I didn't know you could do, thanks loopback) for that, and while I was at it, added League of Disgruntled Software Worker standard and large mugs. The new store is Solarbird Makes More Stuff, at URL:

http://www.cafepress.com/solarbird_more

The original store is Solarbird Makes Stuff, at URL:

http://www.cafepress.com/solarbird

Yay?

What is Citigroup doing?

I'm still fighting this Martian Death Flu so I'm not doing a lot in the way of econ reading and stuff - mostly I'm napping and otherwise lazing about, frankly - but I did want to get a heads up on this:

Mish at Global Economic Trend Analysis has pretty good evidence that Citigroup is committing credit fraud on a possibly massive scale by lying to customers about rate changes in a marketing effort to get people not yet in trouble to refinance mortgages at higher rates. They're listing "projected" upcoming rate adjustments which are fictional, and significantly higher than apparent reality. So consider yourself warned if you are dealing with Citigroup.

Documents (scans, etc) in Mish's post, and yes, he shows his math.

omg bank reserves

I don't even know what to make of this anymore. The banking system, as a whole, as of the 26 March report, is over $100 BILLION short of reserves requirements, except for borrowed money from the fed.

H.3 (502)
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Not adjusted for changes in reserve requirements
Not seasonally adjusted
Millions of dollars

Date	Total	Non-borrowed	Required
2007-Nov.	41863	41497	40187
Dec.	42715	27285	40970
2008-Jan.	44058	-1602	42423
Feb.	42816	-17341	41108
Mar. 12	40490	-19741	39087
Mar. 26(p)	44534	-61731	39913