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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (16864)	10/28/1998 8:32:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

<< strictly speaking the Fed didn't pay back the loan >> Hi Enigma, First of all, welcome. I don't remember seeing you post here before. As old Slick would say, it depends on what you mean by the word 'pay'. If I am a banker and interest rates go down and I can pay my depositors less, and if at the same time I don't increase my variable rate loan portfolio (lines of credit), then I am laughing all the way to the bank (my bank). Hope I got that right. < g > John