Friday, March 20, 2009



Bernanke Says Fed Aims to Ease Credit-Market Strains

March 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank is trying to counter “widening credit spreads” that are blunting efforts to pump cash into the economy after the Fed cut the main interest rate almost to zero.

This week’s Fed decision to buy $1.15 trillion of Treasuries and housing debt is “intended to improve conditions in private credit markets,” Bernanke said today in a speech in Phoenix, echoing a Fed statement this week. Officials are “encouraged” by market responses to Fed programs, he said.

... what about a nice nice usury law ...
... that limits spread on current debt ...
... this would limit also the losses of public companies and agencies ...
... that buried themselves into the bonds based on libor rate ...
... another iceberg there ...


# posted by intcoex : 11:39 AM




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