Fed Taking Emergency Crisis Measures … Shoving Collateral Onto Banks’ Balance Sheets

Mike Maloney with an insightful analysis:

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  • Brockland A.T.

    Looks like a pre-emptive measure to prevent a 2008-type meltdown. Much larger sums involved, because of the preventative nature. 2008 was smaller because the damage was already done; a lot less water to put out the embers of an explosion. Or implosion, as the case may be.