No Economic response to the $250 Billion already injected into the system l
Ahead of an official bailout, from September 10th through September 24th, the Fed pumped ~$250 Billion of liquidity into the banking system through the Federal Reserve Bank "FRB" credit (the "FRB" credit is how much money the Fed has loaned to the banking system). The FRB credit spiked from $888 Billion to $1,135 Billion. This was an unprecedented increase of more than 25% from levels in August and a month over month increase 5x larger than seen after 9/11.
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