>>7459
re: FED
What about this "liquidity crisis"???
Banks loan each other FRNs overnight to cover their asses so books are balanced at the end of the day (LIBOR: London InterBank Overnight Rate = rate they charge each other)
For some STRANGE REASON there just hasn't been enough FRNs out there to cover themselves, so the FED has been injecting MASSIVE amounts (like $100B/day).
Where the fuck is that $$ going?
Why do they keep having to inject more? It's just "disappearing" into the ether!
WHERE IS IT GOING?!?
Where is all that money going?