Tuesday, September 30, 2008

I Wish I Understood This

From Do not doubt that this is a real crisis: more on Fed’s balance sheet.

"Paul Swartz, has graphed the shift in the composition of the Fed’s balance sheet. The Fed has extended a lot of credit to the financial system — and supplied even more liquidity by letting the investment banks borrow some of its Treasuries."

fed-balance-sheet.JPG

No comments: