Much good that does the common stock. Remember BofA's preferreds are senior to common stock. For all they care, CFC goes bankrupt tomorrow, they...
Here's monthly statistics for foreign holdings of US Treasuries: http://www.ustreas.gov/tic/mfh.txt Interestingly, it looks like most of the...
The "float" in US Treasury bills, notes and bonds is just under 4.4 trillion dollars. The Chinese hold almost ten percent of that, $414 billion....
So would I. Since Dr. Krugman isn't here, maybe you can start by disproving it. :) Martin
All Americans are criminals. At the very least, we have all violated traffic laws. Every good sophistry deserves another. :) Incarceration...
Paul Krugman responds: "Strangely, nobody seems to be trying to make a national political issue out of other horrifying crimes, like the...
Trefoil, I agree with you except the part about buying a t-bill. :) When a bank does an overnight repo, or borrows from the discount window,...
They can borrow by buying 13-week bills at 3.7. That's called lending, not borrowing. :) Only the government can borrow at those rates. The...
The reserve statistics are out: http://www.federalreserve.gov/Releases/h41/Current/ As of yesterday, primary credit outstanding was $2,001...
Here's what this is about. The Fed desperately wants to avoid cutting the funds rate, because they are rightly concerned about stagflation and...
Can you argue that it was material? Last week there was an average of $10m/day lent out at the discount rate, obviously immaterial. We'll find...
If the entire banking system collapses, it won't matter whether you get your money back or not. The government is always capable of giving you...
Interesting post Scribe, thanks. Here's an alternative interpretation of the Fed's actions. I think they are still quite concerned about...
Search and you will find. The Fed's weekly release of reserve balances contains the average daily balance of open market repos and discount window...
So, just how significant is a 50bps cut in the discount rate, really? This week the Federal Reserve Board was lending a daily average of $36.3...
Is there a site where we can see the daily volume of discount window operations, or other summary statistics? I searched but did not find......
I don't have TAQ. I'm just looking at IB TWS window. Martin
Here's a pretty obscure order execution question. I'm trying to get filled on a sell order for a thinly traded stock on NYSE. I should be at...
Cutting the discount rate is a tiny, tiny gesture. It means nothing. Nobody <i>ever</i> borrows at the discount window. Wall Street completely...
It's still true. IB's policies on proceeds from short sales of stock have not changed. The fact that they offer EFP is unrelated to interest...
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