Mark Wenzel_

U.S. Government: World's Biggest Investment Bank?

Thanks for comments all! Apologize for delay on responding. Cheesecake, here is link (www.newyorkfed.org/mar...) to fed website which spells out that "investment grade corporate securities, municipal securities, mortgage-backed securities, and asset-backed securities" will be accepted." Also, follow the link above the Lehman CFO's quotes. She directly states that BBB- and above will be accepted.