Poker, it works just like a checkbook, albeit with electronically created money, but the thing that irks me is the blatant misreporting, like that previous story from the idiot AP reporter. I sent them a friendly little note at their feedback mailbox, but of course got no reply.
The Fed bumped up the OB by $8.75B yesterday, but so far today have added just $9B, and so will need to come up with ~ $23B more to maintain the status quo. If the borrowers don't get it, or perhaps knew yesterday that they wouldn't get it, that could have been a major contribution to yesterday's sell-off.
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