The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (114552)	4/3/2008 3:23:37 PM
From: Perspective	Read Replies (1) of 306849

Already at ZIRP? finance.yahoo.com The Fed lent out $25 billion for 28 days in its second Term Securities Lending Facility auction. The auctions were implemented to increase liquidity by lending financial firms highly liquid Treasury securities for less liquid assets as collateral. The auction had a bid-to-cover ratio 1.88, as $46.9 billion in bids were submitted. The stop out rate--which is the minimum rate the Fed accepted--was 0.16%. At least week's auction, the stop out rate was 0.33%. The low stop out rate demonstrates the Fed is aggressively attempting to increase liquidity.DJ30 +46.25 NASDAQ +7.87 SP500 +5.21 NASDAQ Dec/Adv/Vol 1470/1362/1.48 bln NYSE Dec/Adv/Vol 1294/1796/892 mln So we're loaning money to the criminals running LEH GS MER MS for free. Fckers. Mother fckers. Guess I'm just jealous that I can't share in the free money. I'm sure it's in all our best inerests.<s> Where's my no-interest loan from the Fed? I don't care how all this turns out; at this point, I just want to see those criminals fail... `BC

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