Fed sets up forex swap lines with ECB and Swiss central bank

[ASusilovic]

Fed says first aution of term funds on Dec. 17

Fed will auction term funds to banks to boost liquidity

Fed, four other central banks announce lliquidity steps

 

[ASusilovic]

The Federal Reserve announced plans Wednesday to ease elevated pressures in credit markets. The Fed will inject cash into the markets through aution of short-term funds. The Fed also announced foreign exchange swap lines with the European Central Bank and the Swiss National Bank. The Bank of Canada is also a partner in the liquidity plan. The first auction will be held on Monday Dec. 17

 

[ForexPro]

Year highs coming

 

[buylo]

Why was this rhetoric NOT included in the statement yesterday!?

 

[ASusilovic]

Quote from buylo:

Why was this rhetoric NOT included in the statement yesterday!?

To give you a chance to buylo(w)....

 

[ForexPro]

With the timing of these annoucements you have to think of private societies & secret handshakes.

 

[buylo]

Quote from ASusilovic:

To give you a chance to buylo(w)....

Ha ha.....agreed.

I thought Bernanke wanted to increase transparency in the Fed?? His only transparency is bailing the stock market out.

 

[ForexPro]

Bernanke (To goldman): buy out the money december puts on thursday night with 1480 expiry
Goldman: ok done.
Bernnanke: (2 hours later): buy dec 1530 calls. Flat the 1480s.
Goldman: Done.

Seems plausible.

 

[Daal]

I wonder who got this news first

 

[Matt24SPFL]

Quote from ForexPro:

With the timing of these annoucements you have to think of private societies & secret handshakes.

Privatize profits socialize losses.

No doubt about it.