JP Morgan Rolls the Fed of New York (and BSC) [View article]
"Why not just lend directly to BSC under the new Fed loan facility?"
I know that I don't want the Fed loaning my money to the same guys that just went broke. I think the idea was to keep them solvent by putting someone else in charge of the money. I don't see a problem with that. Something to do with not putting the wolves in charge of the chickens.
JP Morgan Rolls the Fed of New York (and BSC) [View article]
I know that I don't want the Fed loaning my money to the same guys that just went broke. I think the idea was to keep them solvent by putting someone else in charge of the money. I don't see a problem with that. Something to do with not putting the wolves in charge of the chickens.