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Strategies & Market Trends : The coming US dollar crisis

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To: RockyBalboa who wrote (6522)4/24/2008 1:23:50 AM
From: Giordano Bruno  Read Replies (2) of 71475
 
Libor to Rise Further as Banks Remain Wary, Derivatives Signal

The persistence of banks' need for cash and increase in Libor rates has triggered speculation that the Federal Reserve will increase, for the third time, the amount it loans through its Term Auction Facility, which is known as TAF. The Fed has auctioned a total of $360 billion in temporary funds through TAF since its debut in December. This month, both TAF auctions were for $50 billion each in 28-day loans.

bloomberg.com

360 billion, nice float.

youtube.com
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