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To: Hydroshock
We saw part of the bail out yesterday. The ECB and the Fed stepped in and flooded the market with money...

In what sense was that a bail out of mortgage companies? The Fed stepped in and did a repurchase to maintain their discount/overnight rate of 5.25%. That's what the Fed does.

Sometimes they buy, sometimes they sell. Some days they buy more, some days less.

Geez, why is it necessary to color stuff the way you do?

83 posted on 08/10/2007 11:13:26 AM PDT by gogeo (Democrats want to support the troops without actually being helpful to them.)
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To: gogeo
Geez, why is it necessary to color stuff the way you do?

See his pic in post #71.

84 posted on 08/10/2007 11:14:35 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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