A: The fed came out on Friday, right before the scheduled release of the employment data, and announced up to $200 Billion in additional loans via the use of term auction facilities (TAF) and repurchase agreements. The interesting thing here is the changes to the repurchase agreements; extension of loans to 28 days + widening of allowed collateral requirements. Steve Waldman at Interfluidity, has an excellent piece (found via Read More...
[Source: The Money Blogs]
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