As the credit bubble deflates, financial pundits are in denial and the government is trying to stave off the pain. Unfortunately, as each day passes, the total amount of pain that we will eventually feel increases. Come on, Ben, just let the air out. We know it's going to hurt, but it will hurt a lot more next month or next year.
Another $41 billion in reserves injected today. Ouch! Where'd that come from? Read the article here.
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