In March in a post called "Something Strange Afoot in Financial Markets," this blog postulated that banks were not lending money and were in fact hoarding treasuries, which is less than ideal for the economy. This was a theory, mind you, but now there's hard evidence from the Fed that it is really happening:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ah8D.w3kkWi8
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