Daniel Jones

Should the Fed Lend to Investment Banks?

I for one have an opinion that the TSLF was a tremendous opening of a spigot to reliquidate the entire balance sheet of the I-Bank industry to the tune of $300 billion. Footing the bill, the US Taxpayer. Enjoy your economic stimulus checks of $1,200 or whatever - Wall Street got one for $3 bills courtesy of HP at the Treasury.