Is This Good News?

By |2009-01-14T22:09:06-05:00January 14th, 2009|Economy|

The Term Securities Lending Facility was put in place to lend to primary dealers. When it was put in place right after the Bear debacle, it was meant to help the brokers who weren’t able to borrow from Fed. One thing I’ve been waiting to see is a drop in the amount of lending through [...]

The Fed IS the Problem

By |2008-11-06T01:18:55-05:00November 6th, 2008|Economy|

The result of the Federal Reserve's serial market interventions is that they are now competing with the private sector (via Bloomberg):  ``No one wants to lend because they are still wary of values of bank balance sheets, and no one wants to borrow from the money market because they can borrow directly from the central banks,'' said Alessandro Tentori, [...]