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To: Mike M2 who wrote (136223)11/29/2001 3:22:10 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<Patron, the big banks may simply package all the ENE liabilities and the Fed will purchase ( monetize).>>

Maybe they'll do the "ENE payable-to-Argentine money market" carry trade!<G>

quote.bloomberg.com

Buenos Aires, Nov. 29 (Bloomberg) -- Argentina's overnight lending rates jumped to 300 percent, the highest level in four months, and stocks and bonds tumbled on growing investor concern the country will devalue its currency.