Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Giordano Bruno who wrote (350186)	12/3/2007 8:44:23 PM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

“This would allow banks to borrow from the Fed against collateral that other banks seem to be hesitant to take” I love how they gloss over this point as if there was no relevance to the fact that no one wants to accept this so-called collateral at face value if at all, but somehow it magically becomes worthy if the Fed will advance funds against it. Like as if an impaired overvalued asset suddenly isn't impaired so long as the Fed is willing to hold the bag -- talk about trying to put lipstick on the pig. Who do they think they're fooling with this stuff? Just another sign that The Big House is crumbling