Sunday, Mar 16, 2008
Fed is really moving...
Bloomberg: Fed Cuts Discount Rate, Says Dealers May Borrow
The Federal Reserve reduced the rate on direct loans to commercial banks by a quarter-point and said it will allow primary dealers to borrow at the rate in exchange for a ``broad range'' of investment-grade collateral.
Posted by stevie dee @ 11:56 PM (128 views) Add Comment
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