There are those who say the following numbers are proof the credit crisis is nearing an end, as it shows less demand for money from the Fed’s.  I say they are simply running out of quality/acceptable collateral.  We’ll see.

NY FED: $7.24B IN TOTAL BIDS SUBMITTED AT $25B 28-DAY TSLF AUCTION, BID TO COVER RATIO 0.29

- Stop out rate 0.1%

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