The Term Auction Facility was moved up to $50 billion bi-weekly or $100 billion monthly. Not enough. On the last term auction, there was $67.958 billion of bids, for the $30 billion offered.
They should of gone to $200 billion. This takes the inter-meeting rate cut off the table.
http://www.federalreserve.gov/newsevents/press/monetary/20080226a.htm
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