Propping up the banks ,,why you will not get a true accounting of bank failures
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Posted September 5th, 2008 by doctor011 http://biz.yahoo.com/ap/0...
AP
Banks borrow more from Fed; Wall Street takes pass
Thursday September 4, 4:32 pm ET
By Jeannine Aversa, AP Economics Writer
Fed: Banks borrow more from emergency lending program; investment firms take pass
WASHINGTON (AP) -- Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row.
A Fed report released Thursday said commercial banks averaged $18.98 billion in daily borrowing over the past week. That compared with a daily average of $18.47 billion in the previous week.
another one bites the dust!
another one bites the dust! and another ones gone , another ones gone! , another one bites the dust!
as for me and my home, we shall worship the LORD
The company i work for
had 0 Dollars in the pention fund in fannie and freddy 2 years ago . At last report, before the down turn 6 million . Now back to 0
Propping up the banks ,,why
Propping up the banks ,,why you will not get a true accounting of bank failures
View Edit
Posted September 5th, 2008 by doctor011
http://biz.yahoo.com/ap/0...
AP
Banks borrow more from Fed; Wall Street takes pass
Thursday September 4, 4:32 pm ET
By Jeannine Aversa, AP Economics Writer
Fed: Banks borrow more from emergency lending program; investment firms take pass
WASHINGTON (AP) -- Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row.
A Fed report released Thursday said commercial banks averaged $18.98 billion in daily borrowing over the past week. That compared with a daily average of $18.47 billion in the previous week.
I may be mistaken but I think commercial banks are the only
banks that have access to the discount window.
The regional banks are not afforded such access.
WAHOR!!
http://www.dailypaul.com/...
Well, well.... didn't have to wait too long.
http://www.fdic.gov/news/...
Silver State. Gee, what a shocker.
Also, I heard that Fanni/Freddie might be annexed by the fed as soon as this weekend... does that count too?
I may not know the truth, but I know when I'm being lied to...