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Fed auction falls significantly short of demand

An auction for 150 billion dollars in 28 day credit fell nearly a third short April 6, 2009.   The Fed accepted all 106.251 billion dollars in proposals from 105 bidders, but was short almost 44 billion dollars.   Could this be signs that the investors are wiseing up to the fact that all this money is devauluing what is already in circulation?Source: Board of Governors, Federal Reserve System Press Release, April 7, 2009