MONDAY NOVEMBER 17
You’ve Got To Be Kidding Us...

Only the Federal Reserve could possibly come up with a program (in this case, one that backs not only banks, but also the $1 trillion asset-backed commercial paper market) boasting an acronym like ABCPMMMFLF. Just a tip, fellas: acronyms were invented to make references easier – not entirely inconceivable. Now, for how deep-pocketed players are finding ways to take advantage.

November 2008

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