fed removing liquidity?

[Extend a Hand]

http://market-ticker.denninger.net/archives/590-FLASH-Fed-Speaking-Out-Both-Sides-Of-Mouth.html

Note that this is an intentional drain of "slosh", or liquidity, from the banking system. $125 billion in the last four days drained?

You wouldn't be trying to intentionally cause a bank failure or two to bolster your call for the $700 billion "bailout" plan, or perhaps intentionally lock the short-term credit markets, would you Ben?

If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don't you think you ought to explain that to Congress?

Can someone explain this? is this guy right? there is a graph on at the link.

[Eric J in MN]

1. A graph of what?

The x axis is dates. What is the y axis?

[Extend a Hand]

2. at the link

There is a bar chart of "temporary open market operations"

[lonestarnot]

3. Time management.