Epaminondas to FED: At least take me out to dinner first
Fed may give loans to IMF to help euro zone: paper
The Federal Reserve, along with the 17euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.
Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.
“Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs,” the paper said in an advance copy of an article to appear on Monday.
It may be the right move, and it might not (but it probably IS, we probably have no choice), but here it the problem, boyos.
IT’S NOT YOUR $. You have to ask and we have to discuss it, unless you think nether you nor we have learned anything from Hank Paulson’s ‘it’s an emergency and there’s no time to talk’..BALONEY.
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Are you ready to get paid in Euros? Yen? British pounds? How about a whole new world currency? Businessweek: Central Banks Prepare to Distribute Foreign Currency at Home By Craig Torres Nov. 30 (Bloomberg) -- The Federal Reserve and five other central...
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IMF = American Taxpayers The Telegraph: IMF drawing up £517bn package to save Italy, Spain and the euro The International Monetary Fund is being lined up potentially to help Italy and Spain amid growing fears that a European rescue scheme will not be...
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The Bailouts Did So Well That Now We Are Going to Bail Out The EU Well whaddyathinkofthat? Hey, how about someone in D.C. decides that middle America is too big to fail for a change? Financial Times: European banks took big slice of Fed aid By Robin Harding...
- Memo From "banker Guy"
Posted by: Hugh Hewitt at 5:54 PM One of my regular correspondents is a senior and very successful advertising exec who stays hidden because of his politics. You know him as "Bear In The Woods." Now I'm pleased to introduce you to "Banker Guy,"...
- And Bush Begat Rumsfeld Who Begat Frank, And He Begat Brownie, And Then He Begat Paulson
Tell me is it that no one knows what to do? No one understands how everything fits together? Or is it THESE GUYS who are basically clueless? Sorry, really didn;t mean to acquire toxic banks assets with that 3/4 of a trillion I was talking...