The Fed's TAF-y Pull: Sleight of Hand

Brilliantly illuminating Radio Free Wall Street discussion with Lee Adler and Steve Northwood. The Fed isn't adding money to the system -- in fact it is subtracting it! Instead, the Fed is trying to move the money around the major money center banks to where it is supposedly needed in the "credit crunch". This is not going so well -- the fact that the problem is insolvency, not lack of liquidity, is rearing its ugly head here.