|
Post by jeffolie on Oct 17, 2008 17:29:23 GMT -6
The Fed is going to bring a new $1.5 Trillion more to the credit markets later this month.
The 'Term Commercial Paper Facility' or TCPF will permit holders and issuers of commercial paper to exchange their CP for money from the Fed.
Where is this new money going to come from? My guess is that it will be monetized partially and partially from the $700 Billion bailout and partially from the Treasury selling new paper.
|
|
|
Post by proletariat on Oct 18, 2008 15:46:49 GMT -6
|
|
|
Post by unlawflcombatnt on Oct 18, 2008 18:55:55 GMT -6
LOL.
I like the part about Bernanke being as dumb as a box of rocks.
|
|