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Fed Boosts Cash Auctions to $900 Billion, May Do More
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Anonymous Coward
User ID: 515785
10/6/2008 11:11 AM | |
teal
User ID: 453242
10/6/2008 11:19 AM
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.
User ID: 518796
10/6/2008 11:50 AM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Yes dear , but not immediately, firstly, this if it continues for more than 48 hours will lead to Dictator for Life, once the executive orders are enforced, this is just as good for them as a 9/11, in fact maybe better, as for the uninformed it is chaos, and sadly i think many of the US public is still extremely under informed, misinformed and once the communications system is nationalized, well you only need to look at Zimbabwe to see what is coming your way |
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Anonymous Coward
User ID: 509197
10/6/2008 11:52 AM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
WTF??? Who's running scared now eh Helicopter Ben??? Jeez these guys are pulling out all the stops....... Quoting: Omega
yawn...boooring. I'm more concerned about the brake dust build up on my BMW. |
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Anonymous Coward
User ID: 336435
10/6/2008 12:07 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
WTF happened to the 630 billion injected last Monday??? Poof!!!!
These guys are gonna cut .75 basis points probably today in a last gasp attempt at a stick save......
yup.
...and we still have to pay it all back, plus interest to the Fed, who's laughing their asses off at how the politicians sided against us, THE PEOPLE.
To everyone:
Don't forget to vote AGAINST EVERYONE who voted FOR the bailoiut this November, including McCAIN and OBAMA!!! Quoting: maya2012
Man....no of this shit matters, lol!@!!!!
There is no PAYBACK gonna happen. 8 trillion plus another, what, 30 to 40 trillion off books???
There is no paying back that amount of money. This will sink the world....and THEY KNOW IT. ....And the very few of us commoners who do understand what's coming are still not being acknowledged.
A systemic collapse will eventually eliminate this current form of GOVERNMENT.
People, in general, are a scared, selfish and confused bunch that when backed into a corner, will turn into vicious animals. We are so spoiled here in this country that when it ALL FALLS DOWN, will completely lose our minds.
There is no fix. NONE.
If this was a carefully planned event, going back centuries, then the ultimate goal is a worldwide tyrannical form of Government that does not include our current NATION/STATE system.
I know it can seem almost unimaginable to believe that a scenario like this could be happening, but something is unraveling here.....something very tragic, evil and sinister is on the horizon.... |
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Fool
User ID: 501705
10/6/2008 12:08 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
They are only destroying the dollar with these actions now |
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.
User ID: 518796
10/6/2008 12:16 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
[link to cosmos.bcst.yahoo.com]
go here look at the frozen assets cnbc,
the rats are starting to surface and reveal hidden funds, i wonder when the 50 trillion+ fund that the rothschilds have stashed will surface? |
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WalkerTalker
User ID: 489888
10/6/2008 12:17 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
these days are becomming yawners- Dow only down 500 POINTS!! |
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Anonymous Coward
User ID: 498659
10/6/2008 12:20 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Okay, I know in a nutshell we are totally fucked up the ass our should I say been gang banged up the ass. Can someone please explain on a Sesame Street level what this fed auctions means?? I can not move my ass is so sore from being brutalized by these cock sucking rat bastards. |
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Anonymous Coward
User ID: 515720
10/6/2008 12:25 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
don't forget about the $$$ for the war effort
that went under the radar last week....
another $650 billion wasn't it ?
today's $900 billion
equals $1.55 Trillion (don't forget day before 911 it was announced that $2 Trillion dollars were missing
from the Pentagon)
and derivatives estimated at a high value of $56 Trillion(?)
that is assuming no mark to market (if we do assume we get the correction that
Omega and all have been banging on about for ages)
Got Popcorn ? Quoting: Anonymous Coward 492746 |
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Omega 
Total Unequivocal Bad Fuckin' News
User ID: 340280
10/6/2008 12:25 PM
 | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Okay, I know in a nutshell we are totally fucked up the ass our should I say been gang banged up the ass. Can someone please explain on a Sesame Street level what this fed auctions means?? I can not move my ass is so sore from being brutalized by these cock sucking rat bastards. Quoting: Anonymous Coward 498659
EDIT: The collateral mentioned is ALL JUNK WORTHLESS PAPER.
From the WIKI.
[link to en.wikipedia.org]
Term auction facility
From Wikipedia, the free encyclopedia
Main article: Federal Reserve System
The Term Auction Facility is an instrument of monetary policy, introduced by the Federal Reserve to increase liquidity in United States financial markets. Although first instated as a temporary policy, as of 21 December 2007, the Fed will continue to hold bi-weekly auctions through the TAF.[1]
[edit] Credit Crunch
Main article: 2007 subprime mortgage financial crisis
Early in August 2007, the subprime crisis began to show in international finance. Two banks in Europe were the first to go into crisis and many more both in the US and abroad were presenting subprime lending on their balance sheets. The ECB began distributing funds through a discount window or fine-tuning operation. By August 9th, the ECB lent €95 billion ($112 billion in the days conversion) to EU banks, and the Fed distributed $12 billion through repo operations.[2][3]
[edit] Creation of Facility
On December 11, 2007, the Fed lowered its discount rate to 4.75%, but due to the lack of borrowing from the discount window in the previous weeks, and a lack of liquidity after the 2007 credit crunch, the Federal Reserve and several other central banks opened their short term lending windows, hoping to alleviate the strain on interbank lending markets. In the Federal Funds market the Fed, along with the Bank of Canada, Bank of England, the European Central Bank and the Swiss National Bank, decided to implement a new monetary instrument the following day. This program, known in the US as the Term Auction Facility, enables the Fed to auction a set amount of funds to depository institutions, against a wide range of collateral. Auctions held on December 17 and December 20 released $20 billion each in the form of 28- and 35-day loans, respectively.[4] On the December 17th Auction, bids began at 4.17% and ended with a rate of 4.65%, substantially below the discount rate. The Fed received over $63 billion in bids and released the full $20 billion to 93 different institutions.[5]
As part of an effort to increase dollar liquidity around the world, the Fed coordinated with other central banks to lend simultaneously to depository institutions outside of its jurisdiction, which it cannot lend to directly. On December 11, the ECB held a simultaneous auction, in dollars, and awarded $10 billion at the rate determined by the Fed's auction.[6] To facilitate the provision of U.S.-dollar liquidity by these other central banks, the Fed arranged currency swap lines with the ECB and the SNB in amounts of $20 billion and $4 billion, respectively.
The Fed is using the TAF as a trial of this type of monetary tool. Depending on its success and usefulness, the Fed may begin to use it as part of a more permanent program.
[edit] Sources
1. ^ Federal Reserve Press Release
2. ^ The Street 9 August 2007
3. ^ International Herald Tribune 10 August 2007
4. ^ [FRB: Press Release Dec 12th [link to www.federalreserve.gov]
5. ^ [FRB: Press Release Dec 19th [link to www.federalreserve.gov]
6. ^ [ECB: Tender operation allotment [link to www.ecb.int]
Yahoo IM omega375hh |
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Anonymous Coward
User ID: 518835
10/6/2008 12:32 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
WTF??? Who's running scared now eh Helicopter Ben??? Jeez these guys are pulling out all the stops....... Quoting: Omega
Hmmmm Kimosabie.....sounds like a job for......LOOK!!!
Up in the sky
It's a bird
It's a plane
NO! IT'S  |
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.
User ID: 518796
10/6/2008 12:34 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Omega, i think what USeconomy controllers don't understand(maybe don't care), but Euro ones half do, is this(like guaranteeing common depositors money for instance), until all those electronic digits are turned into cash/notes and given in equal amounts to the average worker etc, well then its going to get so ugly that there will be martial law sooner rather than later in the US, just IMO, very sadly.
be safe, pray lots |
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Anonymous Coward
User ID: 517881
10/6/2008 12:38 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
They are gonna try and stop it out on the DOW at 9800. Lets see what they really got..... Quoting: Omega
They seem to be supporting 9800. |
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Anonymous Coward
User ID: 185055
10/6/2008 1:01 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
I sure wish I understood this more. Omega, you mentioned a 'post election crash'. You really think the economy will hold on for another month? |
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Be Aware !
User ID: 518824
10/6/2008 1:12 PM
 | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
WTF happened to the 630 billion injected last Monday??? Poof!!!!
These guys are gonna cut .75 basis points probably today in a last gasp attempt at a stick save...... Quoting: Omega
It's clearly done, IT'S OVER FOLKS !!! |
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NYC Messenger
User ID: 518501
10/6/2008 1:18 PM
 | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Real time pain ahhhh I mean quotes.
[link to i385.photobucket.com]
"Bombs to set the people free, blood to feed the dollar tree,
Flags for coffins on the screen, oil for the machine.
Army of liberation, gunpoint indoctrination,
The fires of sedation,
Fulfill the prophecy."
L.O.G |
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Anonymous Coward
User ID: 376019
10/6/2008 1:19 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
I don't get it(I'm not much an economical/mathematical wonder)
Does this mean FED pumps $900 billion cash in the market?! or what?
That means everyone and their momma can pony up to the TAF window and exchange shit paper for money (a loan)with a promise to pay it back at some future day-28 days I think altho I remember they extended that...
THEY ARE ALL INSOLVENT!!!!!!!!! How the FUCK are they gonna pay it back?????
It's a trick to push the crash post elections.... Quoting: Omega
Correctamundo ... the answer is they used all "UScitizens" and all "UScitizens property as collateral.
The fact that they will goto their insolvent job and have faith that it is a lawful enterprise dealing in lawful congressional money clinches them as peons and serfs benefitting from the Central Bank, voluntarily. |
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Digger
User ID: 374015
10/6/2008 1:28 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Hello Omega!
I hope you people have gotten your land patents on any property you own.
Especially you Omega.
While UD is looking for another place for us to live we have been digging deeper into the mountain. With winter on us 10 inches of snow yesterday we have more time for other things beside producing food.
It appears we may need to plan on housing more people and or moving at least partially out of the house and into the mountain.
The amount of shooting practice has been reduced and reloading has stayed the same so we are having to make room for the extra ammo.
The day before yesterday we had a couple of guys jump the gate and started to hike up the road. We got them stopped at the pinch in the mountain. They said they were looking for a place to set up a permanent camp, when asked why they jumped the fence even though there are Private property no trespassing signs they said they didn't care and didn't think anybody lived around here. Then they asked where we came from that they never saw us approach. The cops were more than happy to come and pick them up and then send a tow truck for the vehicle.
The panic has already started.
I like to be underground |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
10/6/2008 1:31 PM
| | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Hello Omega!
I hope you people have gotten your land patents on any property you own.
Especially you Omega.
While UD is looking for another place for us to live we have been digging deeper into the mountain. With winter on us 10 inches of snow yesterday we have more time for other things beside producing food.
It appears we may need to plan on housing more people and or moving at least partially out of the house and into the mountain.
The amount of shooting practice has been reduced and reloading has stayed the same so we are having to make room for the extra ammo.
The day before yesterday we had a couple of guys jump the gate and started to hike up the road. We got them stopped at the pinch in the mountain. They said they were looking for a place to set up a permanent camp, when asked why they jumped the fence even though there are Private property no trespassing signs they said they didn't care and didn't think anybody lived around here. Then they asked where we came from that they never saw us approach. The cops were more than happy to come and pick them up and then send a tow truck for the vehicle.
The panic has already started. Quoting: Digger
No land patent bro, I'll go down shooting. Fuck it.....
Difficult to research in Texas.....
Thanks for the info, keep your powder dry and say Hi to UD for me bro...
Peace....
Yahoo IM omega375hh |
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Digger
User ID: 518894
10/6/2008 1:49 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
No land patent bro, I'll go down shooting. Fuck it.....
Difficult to research in Texas.....
Thanks for the info, keep your powder dry and say Hi to UD for me bro...
Peace.... Quoting: Omega
Ud should be back around when he docks in Cabo. I talked to them last night mom was busy fishing and UD was keeping a close eye on her. That's why he's not on the key board.
This financial crap looks very serious and the resistance wall street is having with the bailout it wouldn't surprise me if it collapsed very soon.
I know how we've hedged against any serious problems but what is everyone else doing?
I like to be underground |
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Anonymous Coward
User ID: 515251
10/6/2008 2:15 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
WTF??? Who's running scared now eh Helicopter Ben??? Jeez these guys are pulling out all the stops.......
Fed Boosts Cash Auctions to $900 Billion, May Do More (Update1)
By Scott Lanman
Enlarge Image/Details
Oct. 6 (Bloomberg) -- The Federal Reserve will double its auctions of cash to banks to as much as $900 billion and is considering further steps to unfreeze short-term lending markets as the credit crunch deepens.
``The Federal Reserve stands ready to take additional measures as necessary to foster liquid money-market conditions,'' the central bank said in a statement released in Washington today. Fed and Treasury officials are ``consulting with market participants on ways to provide additional support for term unsecured funding markets,'' the statement said.
As part of today's steps, the Fed will increase its auctions under the 28-day and 84-day Term Auction Facility operations to $150 billion each. The two forward TAF auctions in November will be increased to $150 billion each, the Fed said.
The central bank will also begin paying interest on bank reserves. Payments on required reserves will be made at the average targeted federal funds rate established by the Federal Open Market Committee over each reserve maintenance period less 10 basis points.
The Fed gained the authority to pay interest on reserves under the $700 billion financial-rescue legislation approved last week.
In a separate statement, the U.S. Treasury said it is considering changes to its debt issuance, including a reintroduction of three-year notes. Any changes will be released at the department's quarterly refunding announcement Nov. 5.
The Treasury also said today that some cash-management bills may be ``longer-dated.'' The expansion in debt sales is needed to ``allow Treasury to adequately respond to the near-term increase in borrowing requirements,'' the department said in the statement released in Washington.
Treasury officials last month started a special program of bill auctions to help the Fed expand its balance sheet.
To contact the reporter on this story: Scott Lanman in New York at slanman@bloomberg.net Quoting: Omega
It wont work..
POWER TO THE PEOPLE!
Do not buy stocks, bonds, keep $ out of the bank! |
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J.
User ID: 336435
10/6/2008 2:16 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
Hmmmm, A TRILLION DOLLAR BAILOUT.....The financiers will make sure their financial institutions are brought back to solvency....but of course, it will be too late for the American system....Now what do you think is next, once the bankers get their money????
Remember the story about those Lego-block jail cells? Or how about those Haliburton-built "detention camps" in the southwest?
Anyone else see what's coming in the near future?
Once the bankers/financiers return their institutions to solvency, they will have no use for the American financial system.
....But what to do about all those angry Americans who no longer have a job or a house or can no longer feed their families????
What will they do to all those thousands upon thousands of RIOTING citizens?
What about that brigade or two of battle-hardened soldiers recalled from IRAQ for 'DOMESTIC DUTIES'?
How about all those plastic coffins and truckloads upon truckloads of water?
Anyone else starting to get a clearer picture on what's about to come down?
The financiers are pilfering the last of the American wealth via the average Joe. Once it's all gone, they'll move in for the 'KILL."
....And once it's all gone, on a worldwide scale, they'll come back to save us with a "NEW" form of Government....and they'll have all the world's liquidity in their back pocket to finance the DEAL.
J. |
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Anonymous Coward
User ID: 518813
10/6/2008 2:34 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
I was watching the Asian markets last night, and I found myself so exhausted I went to bed BEFORE midnite. This night owl couldn't hang. Then I dreamt all night of running from fascist military forces.
The DJI is at -448 at this instant.
I am pooped. Quoting: Redheaded Stepchild
I had a dream I was running from zombies. Guess I could substitute fascist military forces for zombies and say we had the same nightmare.lol
djia -731.46 |
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Anonymous Coward
User ID: 504351
10/6/2008 3:11 PM | |
Enigma
User ID: 70637
10/6/2008 3:13 PM
 | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
all us Texans in da ATX will be fine...
this is Texas ya' know...
Omega man and the Enigma are High Tech Rednecks...
anyone else in da ATX from GLP?
enigma... |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
10/6/2008 3:15 PM
| | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
all us Texans in da ATX will be fine...
this is Texas ya' know...
Omega man and the Enigma are High Tech Rednecks...
anyone else in da ATX from GLP?
enigma... Quoting: Enigma
YUP, lol. We'll be okay...a little rough around the edges but we always were,lmao....
Yahoo IM omega375hh |
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Only Me
The Strawberry Girl
User ID: 239124
10/6/2008 3:30 PM
 | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
all us Texans in da ATX will be fine...
this is Texas ya' know...
Omega man and the Enigma are High Tech Rednecks...
anyone else in da ATX from GLP?
enigma...
YUP, lol. We'll be okay...a little rough around the edges but we always were,lmao....
I guess I never really looked at that pic. LMAO @ GLP on three computers at the same time!
Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.
~ Oscar Wilde ~
-------------------------------------
And when the day arrives
I'll become the sky
And I'll become the sea
And the sea will come to kiss me
For I am going
Home
Nothing can stop me now |
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Gis
User ID: 493444
10/6/2008 3:51 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
I don't get it(I'm not much an economical/mathematical wonder)
Does this mean FED pumps $900 billion cash in the market?! or what? Quoting: R...
R ... for you and others who don't understand just exactly what's been going on, let me try to explain as simple as possible. The $$$ for these "bank" auctions is actually separate from the amounts they (gov't) has been "injecting into Wall Street" ...
I feel that, they (= tpb = gov't) have been playing shell games to hide truth ... hoping that the public would not figure out the DIRE situation until the last possible moment (= which is NOW* folks!)
Here's what I've learned this year and hope everyone will go back and review the MUST READ threads posted by Omega & Trinity back during the spring!! They saw what was coming and tried to warn everyone back while the going was still good so to get out of the system and set up preps, etc.
Now here's what I know regarding the auctions of loans:
>> Back in December 2007 when the Housing Bubble started showing clear signs of bursting, people talking of walking away from mortgages on upside down house values, etc,,, the gov't began holding "Auctions" which were loans of gov't $$ cash to various commercial banks that were starting to falter and in risk of now being able to service their commericals.
The first auctions held during that period were conducted about every 2 weeks and the amounts doled out totaled in the millions.
>>Then things started spinning out of control pretty fast, right after we had the BEAR STERNS collapse. That is when things begin to really start going down and by summer, the amount had increased to billions. I could give all the news articles but who the heck has time to read it all, huh?
5-13-08: "Take a peek at these two charts released from the FED today and tell me what you see" - by Omega
[link to www.godlikeproductions.com]
Also don't forget that Trinity saw these things coming way back in March and issued a clear warning at that time:
3/16/08: I Think This Week Could Change Your Lives Forever~ 232837 - by ^TrInItY^
[link to www.godlikeproductions.com]
=====================
RECENT INFO ABOUT THE AUCTIONS!
QUOTE:
Fed auctions off $25B in loans, gives banks more time to pay - 8/12/2008
[link to www.usatoday.com]
By Martin Crutsinger, AP Economics Writer
WASHINGTON — The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze.
The Fed announced Tuesday that the money would be loaned at a rate of 2.754%. In the latest auction, the Fed offered the loans for an extended period of 84 days, rather than the 28-day period for the previous loans.
It marked the Fed's latest attempt to provide the nation's banking system with the cash it needs to combat a serious credit crisis stemming from mounting mortgage loan losses.
The credit squeeze hit with force a year ago and the central bank has shoveled out billions of dollars in loans. From September through April it also aggressively cut interest rates to keep the financial turmoil from pushing the country into a deep recession.
The Fed's interest-rate setting panel met again last week and for the second meeting held interest rates unchanged because of concerns that lowering rates further could stoke inflation pressures.
Fed policymakers instead indicated that they are likely to hold rates steady for an extended period. That signal bolstered financial markets that had been worried higher inflation pressures might prompt the Fed to start raising rates even though the economy remains weak.
The latest Fed auction was held on Monday with the results announced Tuesday. It saw 64 bidders seeking a total of $54.8 billion in funds. The Fed had announced that it would auction off $25 billion for 84 days.
In two weeks the Fed will auction $75 billion in loans for 28 days. The Fed began the auction process last December in an effort to increase use of its discount window borrowing facility, believing that the auctions would help remove the stigma that banks feared was attached to their petitioning for direct loans from the Fed's discount window.
====================================
In this US TODAY article below, they make it clear that the Wall Street injections are different from the loans to the banks. This info on the "auctions" came out September, 4th. It is copied from USA Today... and it's not very clear about just how much or how often these amounts were being distributed during the months of July-August.
And none of this was not being covered (allowed) in the usual mainstream media reports so few people had a clue until this past week or so!
So all along, since December of last year (as far as we know) the US government has been loaning huge amounts of money in 2 separate loan programs to the banks and to the Wall Street Investment firms.
Banks borrow more from Fed; Wall Street takes pass
Posted Sept 4, 2008
[link to www.usatoday.com]
By Jeannine Aversa, AP Economics Writer
WASHINGTON — Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row.
A Fed report released Thursday said commercial banks averaged $18.98 billion in daily borrowing over the past week. That compared with a daily average of $18.47 billion in the previous week.
For the week ending Sept. 3, Wall Street firms didn't take out any loans, the fifth straight period of no action. Their borrowing, however, averaged as high as $38.1 billion a day over the course of a week in early April.
Investment houses in March were given similar loan privileges as commercial banks after a run on Bear Stearns pushed what was the nation's fifth-largest investment bank to the brink of bankruptcy. The situation raised fears that other Wall Street firms might be in jeopardy.
// SNIP |
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Gis
User ID: 493444
10/6/2008 3:55 PM | | Re: Fed Boosts Cash Auctions to $900 Billion, May Do More | Quote |
OOps correction typo: in sentence below, the word is NOT instead of now ... my bad.
>> Back in December 2007 when the Housing Bubble started showing clear signs of bursting, people talking of walking away from mortgages on upside down house values, etc,,, the gov't began holding "Auctions" which were loans of gov't $$ cash to various commercial banks that were starting to falter and in risk of NOT being able to service their commericals. |
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