Installing PyYAML into local install of Python?

I've installed Python 2.6.4 into (a subdirectory in) my home directory
on a Linux machine with Python 2.3.4 pre-installed, because I need to
run some code that I've decided would require too much work to make it
run on 2.3.4.

I was hoping I could run `~/Python-2.6.4/python setup.py install`
(from the PyYAML directory in my home directory, where I untarred the
PyYAML sources) and it would be smart enough to install it into my
local Python 2.6.4 install.  But it's not.  (See the P.S.)

Is it possible to install PyYAML into my local Python install, so that
"import yaml" will work when I invoke that Python?  If so, how do I do
that?

--
Daryl Spitzer

P.S. Here's the output when I ran `~/Python-2.6.4/python setup.py install`:

running install
running build
running build_py
creating build/lib.linux-ppc64-2.6
creating build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/composer.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/nodes.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/dumper.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/resolver.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/events.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/emitter.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/error.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/loader.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/cyaml.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/scanner.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/__init__.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/serializer.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/reader.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/representer.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/constructor.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/tokens.py -> build/lib.linux-ppc64-2.6/yaml
copying lib/yaml/parser.py -> build/lib.linux-ppc64-2.6/yaml
running build_ext
creating build/temp.linux-ppc64-2.6
checking if libyaml is compilable
gcc -pthread -fno-strict-aliasing -DNDEBUG -g -fwrapv -O3 -Wall
-Wstrict-prototypes -fPIC -I/home/dspitzer/Python-2.6.4/Include
-I/home/dspitzer/Python-2.6.4 -c
build/temp.linux-ppc64-2.6/check_libyaml.c -o
build/temp.linux-ppc64-2.6/check_libyaml.o
build/temp.linux-ppc64-2.6/check_libyaml.c:2:18: yaml.h: No such file
or directory
build/temp.linux-ppc64-2.6/check_libyaml.c: In function `main':
build/temp.linux-ppc64-2.6/check_libyaml.c:5: error: `yaml_parser_t'
undeclared (first use in this function)
build/temp.linux-ppc64-2.6/check_libyaml.c:5: error: (Each undeclared
identifier is reported only once
build/temp.linux-ppc64-2.6/check_libyaml.c:5: error: for each function
it appears in.)
build/temp.linux-ppc64-2.6/check_libyaml.c:5: error: syntax error
before "parser"
build/temp.linux-ppc64-2.6/check_libyaml.c:6: error: `yaml_emitter_t'
undeclared (first use in this function)
build/temp.linux-ppc64-2.6/check_libyaml.c:8: warning: implicit
declaration of function `yaml_parser_initialize'
build/temp.linux-ppc64-2.6/check_libyaml.c:8: error: `parser'
undeclared (first use in this function)
build/temp.linux-ppc64-2.6/check_libyaml.c:9: warning: implicit
declaration of function `yaml_parser_delete'
build/temp.linux-ppc64-2.6/check_libyaml.c:11: warning: implicit
declaration of function `yaml_emitter_initialize'
build/temp.linux-ppc64-2.6/check_libyaml.c:11: error: `emitter'
undeclared (first use in this function)
build/temp.linux-ppc64-2.6/check_libyaml.c:12: warning: implicit
declaration of function `yaml_emitter_delete'

libyaml is not found or a compiler error: forcing --without-libyaml
(if libyaml is installed correctly, you may need to
 specify the option --include-dirs or uncomment and
 modify the parameter include_dirs in setup.cfg)
running install_lib
creating /usr/local/lib/python2.6
error: could not create '/usr/local/lib/python2.6': Permission denied

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