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Fed Takes New Steps to Ease Crisis, just keep lowering them
- Thread starter S2007S
- Start date
Another Fed panic move. Now they are widening the range of collateral to take a variety of investment grade debt, investment grade on Wall Street is pretty much anything from garbage on up. That includes almost anything.
Wow, the monetization of crap debt continues, the dollar will keep getting pounded like a rented mule.
Wow, the monetization of crap debt continues, the dollar will keep getting pounded like a rented mule.
I'll take down some at that rate...as long as the Fed is taking any and all suggestions and making them policy in a matter of a day or two,
Hey Fed, how about making 3.25% borrowings available to the rest of us...a damned sight better bet than to keep giving the I-banks all the dough. Lord knows they just snafu it.
I'll take 500K for starters.
Hey Fed, how about making 3.25% borrowings available to the rest of us...a damned sight better bet than to keep giving the I-banks all the dough. Lord knows they just snafu it.
I'll take 500K for starters.
What kind of sick socialism is this? Banks can get any kind of loans they want at 3.25% interest straight from the Fed with collateral being basically any junky debt they call investment grade debt (an oxymoron) and you have homeowners and potential homeowners who have to pay an arm and a leg to get any kind of mortgage these days. A sad day in America, the public thinks this is good for them. Duping the idiots who think all bailouts are going to save them when its just saving the bankers. There is no trickle down effect here, the bankers will hoard the cash and won't even think about lending it out unless its to another bank which has lines of credit with the Fed.
Quote from RussellDaytrade:
I'll take down some at that rate...as long as the Fed is taking any and all suggestions and making them policy in a matter of a day or two,
Hey Fed, how about making 3.25% borrowings available to the rest of us...a damned sight better bet than to keep giving the I-banks all the dough. Lord knows they just snafu it.
I'll take 500K for starters.
Mate dont equate mortgage rates with the discount rate they are completely different
Socialism for capitalists ?