Fed increases TAF auction to $900 billion... WTF?

Discussion in 'Economics' started by The Kin, Oct 6, 2008.

  1. they increased it to $300 billion a few days ago and now I hear the PPT met and increased to $900 billion per Bloomberg.

    Are you serious?
  2. TGregg


    Just shy of a trillion #@^% dollars? Holy moly.

    Lube up and grab your ankles. It doesn't matter if M or O get elected, taxes are going up! They're gonna be using heavy earth moving equipment to throw cash out of the treasury and into the feeding trough.
  3. NoteBoy


    Well that boosted the market for what, 5 seconds?

    That's some good bang for your (our) buck PPT.