aerius

Brave Face Masks Bold Lie: Questions For Citi's Chuck Prince

Total shot in the dark, but it seems like Ben gave them a call and asked them to take out some money to try to remove some of the negative stigma of borrowing from the central bank. This way if things do get worse and banks need to borrow for real, investors won't panic since 'last time they borrowed it was ok.' Getting the largest banks to all do it also lets the little guys know they can borrow as well with no repercussions.

A 1.25% spread on 500 million is nothing to these big guys.