Log in or Sign up

ET News & Sponsor Info

General Topics

Markets

Technical Topics

Brokerage Firms

Company Specific

Interactive Brokers

Tools of the Trade

Trading for a Living

Community Lounge

Site Support

Feedback

Fed offers $100 billion more to banks...................

Discussion in 'Wall St. News' started by S2007S, Mar 28, 2008.

ProfitTakgFool
- 1,283
  Posts
- 0
  Likes
LOL. Good one Russell. Please PM me with the application

Quote from RussellDaytrade:

*********FOR IMMEDIATE RELEASE *********

Along with the 100B to banks, Ben Bernanke is enlisting the help of all PDT's in propping up the US Equity markets...to the tune of another $30B

He has just instituted a policy, in cahoots with, er, in conjunctions with, the SEC, to immediately eliminate the PDT rules, and, further, to make available to all known PDT's an immediate line of credit from the Fed, (minimum tranches of $1M), at rates that equal those of the primary banks...

Greater sums available upon request, and, the Fed will backstop all losses up to $29B.

http://dailyreckoning.com/Featured/bernanke-helicopter.jpg
More...

#11 Mar 28, 2008

Share

(You must log in or sign up to reply here.)

Search