interbank lending subsituted with federal reserve lending?:
Spikes in the TED spread can strike panic into the hearts of people who say they know what the fuck it is, but thanks to the internets I have found one such person who says "the TED spread can remain elevated for some time without the world coming to an end." He says that because it's much cheaper to borrow from the fed than another bank, so banks are lending from said fed.
They are going to try to pass something Monday, before anybody outside the committees even know what the details are. The safe assumption is that the fine print reads "SCREW YOU" in tiny tiny letters.
:: posted by buermann @ 2008-09-27 15:21:06 CST |