John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ahhaha who wrote (8573)	12/12/2007 2:53:57 PM
From: John Pitera	Read Replies (1) of 33421

mmm bad... "Collateral must be transparent and the poster must be registered and "okayed" by their local fed reserve bank. The collateral will be opaque to the open market, but it must pass muster wrt local fed reserve bank." At least I'm better than cnbc's Erin Burnett, when she was talking to Bill Gross today, she described the collateral to him as "Junk" albeit that she said the comment was made somewhat tongue in cheek. -g- You make a valid point. It will be interesting to see if the TAF becomes a more permanent additional tool of The FED. I'm not going to complain about this to much as several of us on this thread have been calling for corrective measures from The Central Banks. I fail to see where the firms that prospered wildly by this process are seeing any puntative blowback from this plan. John

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