SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (122741)9/17/2001 11:48:46 AM
From: John Madarasz  Read Replies (2) | Respond to of 436258
 
yes, and as the gov't here,and abroad, continues to intervene in the markets the outcome will be assuredly much worse.

Here is an interesting point I read in some commentary regarding the FED...

Also, it is well within the Fed's appointed duties to provide special on-demand financing to both organizations and individuals at the discount window. Banks are not the only possible recipients.

If it can be proven a risk to the security of the economy, virtually anyone may use the discount window to secure funding. The purpose to which the funds are applied -- corporate share buybacks, for instance -- may or may not require an explanation. A measure of this type of borrowing is released, as are others, only on a delayed basis.