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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (114611)	4/3/2008 5:37:21 PM
From: Perspective	Read Replies (2) \| Respond to of 306849

Looks like it already is, if you're GS MER MS or LEH: 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 `BC