Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Andrew G. who wrote (92841)	4/11/2001 12:59:22 PM
From: pater tenebrarum	Read Replies (1) of 436258

interesting quote from Moto: <<The problem is, as the Reserve Bank of India once explained, one of "first committing to borrow repo funds and only then investing the same in securities, such that the position in securities would not have been there but for the commitment of these repo funds."1 Consequently a false market is created. Which, incidentally, I do not believe is among the Federal Reserve's chartered duties.>> indeed. it's not their business to goose stocks. which is one of the reasons why the ECB is looking better and better compared to the merry pranksters.

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