Thursday, March 13, 2008

Here's what the NY Fed has to say about the $200 billion mortgage program: http://www.newyorkfed.org/newsevents/news/markets/2008/rp080311.html

2 comments:

Kumbu said...

If these infusions prove insufficient, what might be the impact of lowering the reserve ratio?

The last person whom I asked responded with a "deer in the headlights" expression and a monosyllabic "uhhhhhhh" and "we don't really know."

Deborah said...

My friend at the Fed is short the S&P...I hope she's wrong.