New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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From: Arthur Tang	9/11/2007 8:45:54 AM
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Feds now understands Wall street market makers and cash reserve in short interests, and can handle the liquidity deviations via overnight discount window action. Greenspan never did handle Wall street correctly, even though Longterm credit management was done properly thru large brokerage interventions. 1987 minicrash was handled by Merrill Lynch doing the clearing house duties, and 1.5 billion dollars of Feds intervention to resolve the insolvency of two specialists. Greenspan never used insurance features on brokerage houses; but the present Feds will. This will make Wall street brokerages equal in stature as member banks of Federal Reserve Bank, today. And FDIC will have its equivalent organization if we get congress to move on it. 1929 will never happen again. With the safety nets in place, Wall street activities will be more closely watched and supervised in the coming years, by insurance organization inspecting books periodically like FDIC does today. Mutual fund industry will be closely watched also to prevent mismanagement of customer funds. Most member banks of Feds now own brokerages and mutual funds? FDIC may have to inspect their books?

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