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To: TigerLikesRooster
The closely-watched TED-spread measuring stress in the interbanking lending market rocketed to 238

It was actually over 300 at one point during the course of the day.

13 posted on 09/17/2008 8:32:38 PM PDT by RegulatorCountry
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To: RegulatorCountry

Yea.

The spreads indicate just how bad the environment is right now.

The Fed is effectively no longer “the lender of last resort.”

They’re now the only lender in town.


16 posted on 09/17/2008 8:36:04 PM PDT by NVDave
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