Fed to start term deposit auctions

[ASusilovic]

Fed: Auctions have no 'near-term' policy meaning

Fed: Term deposit auction just prudent planning

Fed term deposits a tool to soak up bank reserves


No, no, no meaning. Only the beginning of the "meaning"...

 

[ptrjon]

welcome to THE u.s. bank, how can I help you today?

 

[MarketMasher]

Quote from ptrjon:

welcome to THE u.s. bank, how can I help you today?

Yes - I'd like to open an account with $100 and get my free toaster.

 

[nazzdack]

Quote from MarketMasher:
.....and get my free toaster.

More like a lollipop or individually-wrapped Life Saver candy.

 

[nazzdack]

Quote from ASusilovic:
Fed....Fed....Fed....No, no, no......

GS is finally "short" subprime AND prime debt now. :eek: