All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Giordano Bruno who wrote (2310)	1/14/2000 8:33:00 PM
From: Thomas M.	Read Replies (1) of 42523

From the December 17 Grant's: The technique by which the Fed has added some tens of billions of dollars to the banking system since October 6 is called “repurchase agreements with tri-party settlement” (in which the Fed joins forces with a primary dealer and one of the big clearing banks). Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, used a more pungent phrase to describe a credit expansion that the Fed engineered in 1927. He called it “a little coup de whiskey to the stock market.” LOL! grantspub.com Tom P.S. Strong was a clown. I hope that in the Depression he was destroyed.

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