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Billions and billions

Latest rumbles from the Bernanke Money Geyser - borrowings under the PDCF are at $28.8 billion (WOW, comments alea). Just to remind everyone that some or all of that is secured against RMBS.


Brad DeLong raises the interesting question of how much more the Fed can do.

And Goldman Sachs puts a new estimate on US subprime losses - $460 billion.

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