gordon

Finally, Some Disclosure from Companies That Received Bailout Funds

correction: the interest the Fed pays banks/excess reserves is now zero, we'll see if
this spurs lending soon.

Finally, Some Disclosure from Companies That Received Bailout Funds

The banks are doing exactly what I would do if I headed one. Remember, the Fed is paying INTEREST to them on the reserves, you hoard it! Year end bal sheet is paramount, and they never know when the Fed/Treasury will change the rules on them, ie: forcing mark-market on their CDSs/ bad loans. Seems logical to me.