Federal Reserve Removed $125 Billion in Liquidity in Last 6-Days to Ignite Financial Crisis
Federal Reserve Removed $125 Billion in Liquidity in Last 6-Days to Ignite Financial Crisis
The Market Ticker, 9/24/08
The Fed has claimed that this is a "liquidity crisis."
Really Ben? Then perhaps you can explain this?
Note that this is an intentional drain of "slosh", or liquidity, from the banking system. $125 billion in the last four days drained?
You wouldn't be trying to intentionally cause a bank failure or two to bolster your call for the $700 billion "bailout" plan, or perhaps intentionally lock the short-term credit markets, would you Ben?
If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don't you think you ought to explain that to Congress?
[via The Market Ticker by Karl Denninger]
The Market Ticker, 9/24/08
The Fed has claimed that this is a "liquidity crisis."
Really Ben? Then perhaps you can explain this?
Note that this is an intentional drain of "slosh", or liquidity, from the banking system. $125 billion in the last four days drained?
You wouldn't be trying to intentionally cause a bank failure or two to bolster your call for the $700 billion "bailout" plan, or perhaps intentionally lock the short-term credit markets, would you Ben?
If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don't you think you ought to explain that to Congress?
[via The Market Ticker by Karl Denninger]
posted by The Builder at
6:40 PM
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