Quote from AMT4SWA:
The source IS A FED OFFICIAL!!! Vice Chairman of the Federal Reserve Donald Kohn told congress about the $2 Trillion (watch the video!!!) and I can't help that timid and docile globalist programmed american automatons are in denial. :eek:
It is short term (usually overnight) lending and it is not $2 Trillion but rather it has grown from $800 billion to $2 Trillion.
It is the job of the Fed to provide short term liquidity.
http://www.federalreserve.gov/monetarypolicy/discountrate.htm