not SEE that almost the total increase in Fed funds was tied, down?, by the "investment" that was made in FMae&FMac securities...
July 08, China stopped buying FMae&FMac securities.
Aug 08 W "nationalized" FMae&FMac
Sept 08 the FED announced they would buy US 1.5 Trillion in FMae &FMac securities....
using the same funds that China had shifted over to TBills.
Now, look at the chart.
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Fed: U.S. recovery hurt by overseas woes
http://money.cnn.com/2010/06/23/news/economy/fed_decision/
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