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The helicopters start to drop money

Now the Fed has done what it's done and will promise to do more. At last week's meeting of the its Open Market Committee, the Fed essentially said it might as well hold future meetings at Strategic Air Command headquarters outside Omaha, Neb.,
so as to be closer to the B-52s it will need to deliver money to the country posthaste.
Bill Fleckenstein, MSN Money 22/12 2008

The central bank helicopters are planning a co-ordinated drop of liquidity on troubled market waters.
One point is clear: central banks must be pretty worried to take such a joint action.
Martin Wolf. FT December 12 2007 18:01

The money to be dropped now is not that large. But if this does not work, more will surely follow. The helicopters will fly again and again and again.

One point is clear: central banks must be pretty worried to take such a joint action. For what is remarkable about Wednesday’s statement is that five central banks – the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve and the Swiss National Bank – are co-ordinating their (different) interventions. Their hope must be that this action will trigger not panic (”what do the central banks know that I do not?”) but confidence (”now that the central banks are prepared to intervene in this way, I can at last stop worrying”).

Full text

The battle may not yet be won, but the cavalry has arrived.
Financial Times editorial, December 12 2007

Monetary rescue helicopters getting bigger, FT Gillian Tett