28.8 Billion Fed throws out the window this week

[niceneasy]

the banks greedily lap up the fed teet to a tune of 28.8 billion this week.

 

[The Kin]

Why are they greedy? Any corporate officer interested in increasing shareholders' value needs to borrow as much as possible from the discount window.

2.5% plus it's tax deductible. What a deal!

 

[Mvic]

Benny, spare a dime for this poor bastid!

http://online.wsj.com/article/SB120605561602953221.html?mod=hpp_us_whats_news

Busted his tail and created jobs for decades and ends up in an apt in Columbus OH. WS jackasses that create nothing get bailed. Irony or just fucked up, depends on your mood I guess

 

[JamesVU2000]

This mess is going to go on for years and its going to change the world forever.

The federal government cannot support prices for a 12 trillion dollar market.

Everytime we get into trouble with borrowing we lower and rates and encourage even more credit. This is now done and we're done with it.