What followed was a furious dash for cash, as investment Banks sold whatever they could, commercial Banks hoarded reserves and firms drew on lines of credit.
紧随其后的就是资金急剧跳水，投资银行出售任何能够出售的东西，商业银行收储准备金，公司排队贷款。
2
Or, another way of saying the same thing, the Fed will reduce reserves at healthy banks--thereby worsening their liquidity--dollar for dollar with the loans they are making to the investment banks.