by Calculated Risk on 10/02/2008 04:37:00 PM

Update: from Dow Jones: US Fed Discount Window Borrowing Continues To Hit New Highs

The Fed on Thursday said total borrowing at the discount window, including both depository institutions and primary dealers, rose more than 50% to $409.52 billion Wednesday from $262.34 billion in the prior week.
...
Separately, the Fed said a loan to troubled insurer American International Group Inc. (AIG) on Wednesday totaled $61.28 billion...

The Fed is peddling as fast as they can.