• Patrick

    You could measure (from federal reserve data sets) overnight lending between banks in the weeks before TARP was announced (huge dropoff) and then after TARP was passed. And or also, measure lines of credit that small businesses use to meet payroll. I remember that these got locked up during the panic and small businesses were worried they weren’t going to make payroll (line of credit extended by bank based on the small business invoices to clients/customers) and would have to layoff.