As far as I can recall in the last several weeks Feds never did anything unexpected. But in the last few days they added the additional $16 billion. If you check the sloshing report here you’ll see that the average was running around $43 bln last week but today outstanding is already $56 bln. I’m posting this because I think that is unusual, maybe I’m wrong. My guess they either know something bad that we don’t know or this is all about GM bond fund failure?