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InfoseThe Fed providing $16 trillion in short term lending to US...

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    Infose

    The Fed providing $16 trillion in short term lending to US and foreign banks over 2008-11 seems small to me, given the break downs in interbank lending during that period. Maybe things weren't as bad as I thought they were at the time.

    Some of the participants on this thread seem to think that the Fed gave the banks $16 trillion. I am not sure that you can have a serious conversation with that level of naivety.
 
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