Slap!

Bernanke's toolbox deeper than we thought

TODAY'S post titles are beginning to resemble a vintage Batman fight scene. Slap is the word of the day, however, thanks to a recent column by Paul Krugman. Since financial markets first froze up last August, Mr Krugman colourfully writes, the Federal Reserve has been busy attempting to shock the market out of its panicked stupor with a series of policy slaps to the face. Just yesterday, Mr Krugman worried that the Fed's efforts might be for naught--that the market's psyche might be too damaged to be roused by mere face slaps.And then the Federal Reserve rolled out its latest acronymical weapon, the Term Securities Lending Facility. This involves 0 billion in Treasury securities which can be had for the

[visit website]