Why Is The Fed Keeping So Quiet About The Dollar Liquidity Bailout?

By Edward Harrison: Overnight, a group of us were exchanging e-mails on the recent coordinated central bank action to provide European banks the funding being denied them by the markets. I haven’t been active on the e-mail chain, but I did find some of the commentary interesting. I had a few comments of note I wanted to address, but here’s why I am writing this post: “See NYT report which...