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To: groanup
Who gave out the preferential rates, Andy? Huh?.

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.

122 posted on 11/20/2007 8:29:08 PM PST by AndyJackson
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To: AndyJackson
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.

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.

124 posted on 11/20/2007 8:46:51 PM PST by groanup (Lawyers never create anything, especially wealth, but they sure steal a lot of it.)
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