Federal Reserve Chairman Ben Bernanke told Freddie Mac Chief Executive Richard Syron that Freddie and Fannie Mae are eligible to use the Fed’s discount window, Reuters reported, citing a source with knowledge of the conversation. Bernanke told Syron in their phone conversation that he intended to allow the two government-sponsored mortgage giants to use the option, the source said. Web site: www.reuters.com
Dow Jones Newswires 07-11-08 1500ET
Dan - If this is what you're taking about I couldn't find any conformation and then later news seemed to recant this. Bottom line is no need to use the window I guess?
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DOW JONES NEWSWIRES
Federal Reserve Chairman Ben Bernanke told Freddie Mac Chief Executive Richard
Syron that Freddie and Fannie Mae are eligible to use the Fed’s discount
window, Reuters reported, citing a source with knowledge of the conversation.
Bernanke told Syron in their phone conversation that he intended to allow the
two government-sponsored mortgage giants to use the option, the source said.
Web site: www.reuters.com
Dow Jones Newswires
07-11-08 1500ET
Dan - If this is what you're taking about I couldn't find any conformation and then later news seemed to recant this. Bottom line is no need to use the window I guess?