Re: Kohn During Q&A Session

[ Follow Ups ] [ Post Followup ] [ Mosler dot ORG BBS ]

Posted by Winslow R. (71.138.60.22) on 10:51:02 11/30/07

In Reply to: Kohn During Q&A Session posted by Ed Rombach

"There are people who don't borrow at the federal funds rate, right -- smaller, medium-sized banks. And if they saw this window, they would come in and borrow -- basically, we would be giving them funds at a subsidized rate that people don't ordinarily have access at the funds rate."

Fits my 'view' of imperfect, lopsided system perfectly.

Follow Ups:

Post a Followup

[ Follow Ups ] [ Post Followup ] [ Mosler dot ORG BBS ]

Name:
E-Mail:
Subject:	Re: Kohn During Q&A Session
Comments:	: "There are people who don't borrow at the federal funds rate, right -- smaller, medium-sized banks. And if they saw this window, they would come in and borrow -- basically, we would be giving them funds at a subsidized rate that people don't ordinarily have access at the funds rate." : : Fits my 'view' of imperfect, lopsided system perfectly.
Optional Link URL:
Link Title:
Optional Image URL:
Enter the characters you see in the box: