Bernanke on the swap lines
December 02, 2008 at 07:07 AM EST
[Skip to the end] Last week’s swap line number reported by the Fed was down to $521 billion from $608 billion. While still a very large number, it is coming down, and hopefully will continue to do so. However, the continued fall in commodities prices, particularly crude oil, means dollars are ‘harder to get’ for the [...]