Total FOMC Lending

Tuesday, October 14, 2008 | 12:15 PM

My fishing buddy David Kotok has been detailing the various lending and credit facilities the Fed has been supporting. He just updated it to reflect the most recent cash infusion.

It is rather startling:

Factors Adding to Reserves and Off Balance Sheet Securities Lending Program

via Cumberland Advisors


Tuesday, October 14, 2008 | 12:15 PM | Permalink | Comments (62) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Despite all of the “hand-wringing” over the “TARP”, it is really just an extension of the Fed’s “Off Balance Sheet Securities Lending Program”.
(And besides, who cares about TARP when Fannie and Freddie are buying the toxic stuff anyway?).

Posted by: D.L. | Oct 13, 2008 11:34:53 AM

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