$200bn Fed move over credit fears

[Rubber Duck]

http://newsvote.bbc.co.uk/1/hi/business/7284101.stm

As correctly predicted by the Duck, the reduction of interest rates will make the Credit Crunch worse, so the Fed has now stepped in with an extra $200 Billion credit line for domestic banks that cannot get it from elsewhere.

So where is this money that they are borrowing from their Grand Children going to end up? Well, the most likely scenario is that when as expected the Fed drops the interest rates to another 0.75%, it will end being Carry-Traded to Asia.

So when is the next Brain Storming session in the Oval Office?