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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: long-gone who wrote (45291)11/25/1999 5:56:00 AM
From: John Hunt  Read Replies (2) of 116782
 
Re: Woosh! $370 bln! makes the head spin

Richard & Banco$,

Perhaps I don't understand those Y2K 'liquidity options' very well (Reply# 45277), but it looks to me like a way for the FED to make 370 billion in loans available during the rollover period WITHOUT the banks having to post collateral.

Smells of desperation.

John
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