New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (269)	4/6/2001 7:53:23 AM
From: Arthur Tang	Read Replies (1) of 435

Congress must have hearings on banks pulling rugs on many companies which had demand loans? Or, how bad is the domino effect of Greenspan's 6.75% overnight discount rate which the banks have to pay, when their customers were paying only 6.44% Libor rates? The over night discount rate squeeze is now putting many companies into bankruptcy or just closing their doors forever; when bank reserves are insufficient to service their customers?

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