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Latest Fed Bailout

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The figures are truly staggering -

"It seems like the TSLF passed its first test," said T.J. Marta, a fixed-income strategist at RBC Capital Markets. "On the one hand I'm fairly positive about the auction. But on the other hand, we survived today. ... there is a whole lot more pain to come," in terms of more financial losses from the housing and credit debacles, he predicted.

The auction program is intended to help financial institutions and the troubled mortgage market. The Fed said it would make as much as $200 billion worth of Treasuries available through weekly auctions that started Thursday.

Seems like the fed is lending to any institution that can fog a mirror :angry:

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also in the Guardian, and MSNBC

quite a few banks 'testing' the facility again and again. this must be what Wall St believes a stress test to be...

Does it mean that new lending on wednesday was $37bn, or does it mean that the scheme is lending out around $37bn with more or less each day? I hope it is the latter...

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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