http://jengafinance.blogspot.com/2008/06/why-bennie-cant-lend.html. I found this blog really informative about the feds current problems trying to fix the markets. They really can't do much more then they have.
Why Bennie Can't Lend
- Thread starter wirenut
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HOLLYWOOD
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- Nov 29, 2007
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"...As we have pointed out before, the Fed has always had the ability to hide problems temporarily by papering over the cracks. In this case, they lent a lot of money to the commercial and investment banks so they would be able to hold assets instead of selling and recognizing the losses. If confidence and credit growth return quickly, this can reduce the pain. However, they do not have the ability to actually solve problems in the credit market and papering things over only makes things worse if the problem does not go away on its own. That is happening now as banks that should have sold before are now going to be forced to sell at lower prices and bigger losses. By trying to avoid a "fire sale" the Fed merely created a bigger one with a bit of a delay."
The one I just Love about CHIMPS RUNNING THIS COUNTRY, they don't have to tell 'WE THE PEOPLE' how they spend our TAX or in the FED's case... who they BAILOUT or LEND all this discounted money, which is technically, another form of bailout. Over course, in the long run, are TAXPAYER FUNDS too!
DISGUSTING... BOOKIES & MAFIA now deserve and warrant MORE RESPECT then the BABOONS in WASHINGTON D.C.
The one I just Love about CHIMPS RUNNING THIS COUNTRY, they don't have to tell 'WE THE PEOPLE' how they spend our TAX or in the FED's case... who they BAILOUT or LEND all this discounted money, which is technically, another form of bailout. Over course, in the long run, are TAXPAYER FUNDS too!
DISGUSTING... BOOKIES & MAFIA now deserve and warrant MORE RESPECT then the BABOONS in WASHINGTON D.C.
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