The Bailout May Deepen

According to Vox Day it appears Lehman is also in trouble.  Also the Fed Bernake had this to say about the bailout,

Mr Bernanke then announced a new Primary Dealer Credit Facility. Dealers can now lend the majority of the $50 trillion of credit market instruments to the Fed in return for cash equivalents, “allowing the Fed to be able to support the debt structure that underpins the American economy,” according to the Lindsey Group, a leading consultancy.

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