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Fed Supports Wall St and ignores Mains St

Started by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.youtube.com/watch?v=q8vFbZ4J8kQ Chris Whalen really names it.
Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

Within a day of easing the collateral requirements, Credit Suisse had borrowed $1bn from the PDCF, using it for the first of only two times, against a collateral portfolio that was made up of 91 per cent equity.

Credit Suisse declined to comment but people familiar with the situation said the two deals were tests to check whether the system was working.

http://www.ft.com/cms/s/0/fe8a477a-fe52-11df-abac-00144feab49a.html#axzz172mone85

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Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

http://twitter.com/georgezachary/status/10409665254924288

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Response by lornek
over 15 years ago
Posts: 23
Member since: Nov 2010

If you look at the performance of retailers right now, you may understand that the Fed's plan is that support of Wall Street does support Main Street.

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