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European Salon de News, Discussion et Klatsch - 16 March
|
118
comments (118 topical, 0 editorial, 0 hidden)
Re: More amazingness
(
none / 1
)
The ECB has explicit standards for collateral. The Fed seems to have taken complete (unrated) junk from Lehman.
Wind power
by
Jerome a Paris
(
etg@eurotrib.com
)
on
Tue Mar 16th, 2010 at 02:06:17 PM EST
[
Parent
]
Re: More amazingness
(
none / 0
)
I guess the Fed had swallowed the ideological position that a central bank need only carry out only open market operations and set the base interest rate hook, line and sinker; to the point that they had forgotten how to operate the discount window.
The brainless should not be in banking
-- Willem Buiter
by
Migeru
(
migeru at eurotrib dot com
)
on
Tue Mar 16th, 2010 at 04:12:44 PM EST
[
Parent
]
European Salon de News, Discussion et Klatsch - 16 March
|
118
comments (118 topical, 0 editorial, 0 hidden)
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