Today's news

ED is going to be temporarily replaced with a (quite cute) guinea pig. We see that Brigitte is already in training.

SJ brought in some really good homemade peanut butter chip brownies. WL has promised to vote for her if she ever runs for anything.

And the Fed has created another acronym, the Commercial Paper Funding Facility (CPFF). The CPFF will buy non-asset-backed short-term commercial paper from illiquid corporations. This is quite an innovation, to say the least.

Voici Brigitte: