Throwing In Cash

I told you Bernanke would have the printers working overtime. The Fed tossed in $19 Billion this morning (earlier than usual repo offers), a very very large sum to be pumped into the system. They also did it earlier than usual and with many calming statements.

Added: Here's a great article from my local paper explaining the basics, in laymen terms, of just what is happening in this "liquidity" crisis.

Added: The Fed has pumped in another $16 Billion.

Added: The Fed has pumped in another $3 Billion. Generally speaking, the market is kinda yawning. Although I guess it could be a lot worse.