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remember all that stuff in Switzerland last October the Swiss National banks regular weekly dollar auctions sourced of course by the Federal reserves Central Bank liquidity swaps or overseas style swaps whatever you want to call them now normally nobody bids at these things because everything seems to be fine and hunky-dory but for several weeks there in October suddenly there was escalating participation leaving those who watch these sort of things to wonder why they would never got really that it never really got to be that much several billion dollars which in the grand scheme of things is not much at all but the fact that there was anybody there suggested maybe somethings going on here that wasnt the only one however now you might have heard of something called primary credit you may not have primary credit is another Federal Reserve liquidity program that used to be called the discount window the discount window goes way back to the early days of the Federal Reserve in fact i
