Saturday, Aug 25, 2007
The most worrying news yet.......
CNN: Fed bends rules
Seems the Fed has admitted yesterday bending its own rules to get two massive banks out of the morass (2 of the very same banks that used the discount window for 'symbolic purposes' earlier). wow this goes deep.........
Posted by andy h @ 10:16 AM (254 views) Add Comment
3 Comments
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1. Ftbagain said...
This sounds serious. I am not entirely sure that I fully understand the technicallities of what has occurred but $25bn is a serious bending of the rules. Interesting that it gets reported at the weekend.
2. Backseatcrasher said...
A lot of chat about this. Any idea how important this is? the guys on Market ticker seem to think this could be the end of the world.
3. backseatcrasher said...
any ideas how important this is? A lot of chat about this on the US sites, reading the Market Ticker the guys there seem to think this almost the end of the world.