*Earlier it was bailout now it's the fall outs of the bailout *Fed meets today Oct 6th with banks and investors to create a clearinghouse *Setting up clearing house part of contours of bailout plan *Credit Default Swaps clearing platform to be set up by end of this year *Reports that Fed may start giving 30 day unsecured loans too to fin institutions *Until now Fed has been giving collateralized debt only, funds in lieu of bad loans in securitized form *This move if comes from Fed is being seen as extreme negative *Talk on Wall Street that Fed may announce an Emergency Rate cut before meet on 29th
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