I am not sure this has any significance, but there is some funny phrasing in the reports of Federal cash injection on Friday. http://www.forbes.com/feeds/ap/2007/08/10/ap4009426.html (see especially the Corrections paragraph that refers to some very curious "clarifications" from the NY Fed).
-----------------------------------------snip Responding to credit crunch fears in the stock market, the Federal Reserve of New York said Friday it would buy a total of $38 billion in mortgage-backed, Treasury and agency assets to inject more cash into the banking system. .......................... When the New York Fed - which carries out the U.S. Federal Reserve's market operation - made its huge three-day repurchase of $81.25 billion on Friday, Sept. 14, 2001, only Treasury securities were submitted and accepted. ........................... (This version CORRECTS Corrects headline, story thoughout to include New York Fed's clarification that what it designates as "mortgage-backed securities" also includes other types of securities. DELETES reference to central bank accepting more mortgage-backed securities. UPDATES with details throughout.)
