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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: James Hutton who wrote (120479)	5/3/2008 7:59:20 PM
From: bentway	Respond to of 306849

""By lending directly to banks, the Fed can provide capital that banks need to lend to consumers and businesses without fueling higher prices in industries that don't, said Bill O'Grady, chief investment strategist at Wachovia Securities." What I heard on this is that the banks AREN'T re-lending the money, but are using it to pump up their reserves, anticipating more bad loans coming home to roost. Which begs the question, why doesn't the Fed just cut out these banking middlemen and loan at the same rates to businesses and Americans? I want my OWN discount window. Didn't W tell me it was "MY money"?