They only lowered at the discount window, Russ, not the Fed funds rate. Any borrowing at the discount window is still at a .5 premium above the Fed funds rate-so what was the big deal?Did they not already lower by .50 last week? Why wouldmore be coming?
rumor!
Started by
beardown
, Aug 21 2007 08:53 AM
11 replies to this topic
#11
thespookyone
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Posted 21 August 2007 - 09:43 AM
#12
sglasson
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Posted 21 August 2007 - 11:44 AM
check out the flock to 3 mo t bills - a huge liquidity relief for banks/institutions
