Credit Collapsing: New Bank Credit Lines Rated by Moody’s Drop to Six-Year Low

[Daal]

ouch
http://www.bloomberg.com/apps/news?pid=20601087&sid=apB3lxDVOXRw&refer=home

 

[nazzdack]

Have December-08 Fed Funds futures hit "par" yet?

 

[Daal]

we will see what the effective fed funds prints tomorrow. I'm hoping for a big zero

 

[MattF]

.01

 

[nazzdack]

Quote from MattF:

.01

When the daily high starts to drift lower from 1.00%, be careful.