Monday, Oct 29, 2007
Is the Fed's data wrong, or is something up?
Federal Reserve: Overnight Trading Rates
Not actually a news article as such, but the overnight interbank trading figures from the Fed. Ummm... Did someone really pay 15% for funds on 25/10? If the Fed's data is wrong, that's worrying in itself, but if someone really did it rather indicates a stressed bank borrowing without the collateral that would allow them to get to the discount window.
Posted by james @ 11:23 AM (265 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
Wow, now that would be really something.