DataPoints: The New Central Bank
From the New York Times :
In an obscure but highly important announcement late Sunday evening, the Fed said it would let Wall Street firms post as collateral much riskier assets — including equities, junk bonds, subprime mortgage-backed securities and even whole mortgages — in exchange for emergency loans through the Primary Dealer Credit Facility.
|
Old style central bank: |
New style central bank: |
 |
|
Andrew Cassel in West Chester on 9/15/2008 at 3:15 PM | Print Entry
