Feds add $40 bil cash for banks to borrow, stocks jump. [Business Week]

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  1. savvy999 says:

    The Fed said it will set up a temporary Term Auction Facility that will allow the Fed to auction term funds to depository banks against the wide range of collateral that can be used to secure loans at the discount window.

    So the Federal Reserve has resorted to eBaying our money supply now? Good grief, this country is in worse shape than I thought.

  2. savvy999 says:

    @savvy999: and I didn’t close my blockquote right. ?

    Whatever happened to the preview pane, as you typed in?

  3. catnapped says:

    WHOO HOO! Pretty soon I won’t need to buy toilet paper–just use whatever green stuff is left in my wallet!

  4. HRHKingFriday says:

    @catnapped: My thoughts exactly. I really want to know what these Bushtards are hoping to accomplish. Its almost childish:

    Bank: Oh Noes! I is out of moneys! Hai rezerve, I can has more moneys?
    Reserve: Sure, how much shall we print??

  5. Chad Cloman says:

    “bil”? At first I thought it was something about a $40 bill. Couldn’t it have been spelled out as billion?