The Fed’s balance sheet shrank dramatically this week as banks paid off TAF loans and reduced their deposit accounts at the Fed on which they…
There are a couple of assumptions floating around in certain quarters that I’d like to disabuse. One is that based on its recent statements and…
When the Fed, Treasury, and FDIC issued a statement yesterday on the Citigroup bailout, I didn’t know whether to laugh, cry, or… The potential enormity…
The Fed released its H41 balance sheet report tonight, and there was nothing new. It’s all bad. The Fed has engaged the market in a…
