Relevant:
- Money Markets May Force BOE to Revive Cash Auctions
- Fed aims to ease credit strains with cash auction
- Liquidity and Credit Crunch in Financial Markets is Back to Summer Peaks, Only Much Worse and More Dangerous
- How a lender bailout hurts the economy
- Bank of England Gives Lenders Estimated $354 Billion
2008-03-26 — nakedcapitalism.com
'Central banks’ efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the recent respite in equity markets may not signal the end of the credit crisis.'
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