Posted on 11/20/2007 4:40:40 AM PST by DeaconBenjamin
The Fed HAS all the money. Of course they don't care whether they make or lose money. Don't you remember them supporting the dollar in years past? After they came in and bought billions of dollars the value kept going down.
You just told me the federal reserve gave them 0% money because they were under stress because they were short.
I dunno. I guess I have three choices: a. The Federal Reserve; b. The Tooth Fairy. C. Colonel Mustard in the conservatory with the candelstick.
Choices choices choices.
Great, now he's going to show us how little he knows about repos. Then we'll try to educate him and he'll start calling us names again.
No, you're leaving out one of the largest markets in the world. The repo market. It is dealer to dealer and the only relationship to the Fed is that the repo rate derives off of the fed funds rate. You really don't know a lot about this stuff do you? But you don't mind anonymously posting to G-d and everybody what you don't know.
I could tell him about negative rates in stock loan, but he'd start whining about the Fed transferring wealth. LOL!
You mean shorts aren’t just something worn under your pants? LOL.
ChiCom currency. Layman's terms, please. It is not entirely pegged to the buck. There is a little float in there somewhere. Like .1%/some period (month?).
I look at a chart of the China Yuan Renminbi (CNY). In January USDCNY was 7.45. End of August it was 7.41. Is that cheap or expensive? When the ratio goes down, is the yawn weaker or stronger?
The US complained when it was 8 something? I thought we wanted it to be something like 20. What would the US like it to be? More than 8 to the buck?
I know we would like it to float on an open market. If the buck floats and the yawn is tied to the buck, it floats, no?
yitbos
You are referring to CDOs right? Bundled mortgages....not just home mortgages either. It seems commercial mortgages got bundled too though not on the same scale.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.