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  1. #1
    Atomic Punk
    Join Date
    Carmel, Ca
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    You\'re Kidding,right?
    Last Online

    05.31.14 @ 07:17 PM
    Liked 1 Time in 1 Post

    More U.S. Banks QUIETLY Borrowing Money From FED

    Ummm....I don't know why this isn't a bigger news story:

    My favorite quote:

    US officials say the trend shows that financial authorities have become far more adept at channelling liquidity into the banking system to alleviate financial stress, after failing to calm money markets last year.

    However, the move has sparked unease among some analysts about the stress developing in opaque corners of the US banking system and the banks’ growing reliance on indirect forms of government support.

    “The TAF . . . allows the banks to borrow money against all sort of dodgy collateral,” says Christopher Wood, analyst at CLSA. “The banks are increasingly giving the Fed the garbage collateral nobody else wants to take . . . [this] suggests a perilous condition for America’s banking system.”
    "Nothing is ever what it seems but everything is exactly what it is." - B. Banzai

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  2. #2
    Join Date
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    I have to pick?
    Last Online

    10.05.17 @ 10:44 AM
    Liked 14 Times in 6 Posts


    Didn't one certain presidential hopeful say we were broke and needed to stop borrowing money and everyone called him a quack?
    Your favorite band sucks.



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