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Dresdner withdraws as primary dealer for Fed
Market Watch ^
| 06/26/09
| Deborah Levine
Posted on 06/26/2009 10:25:57 AM PDT by TigerLikesRooster
Dresdner withdraws as primary dealer for Fed
NEW YORK (MarketWatch) -- Dresdner Kleinwort Securities has withdrawn from the Federal Reserve's primary U.S. government security dealers, the U.S. central bank said Friday. The change, effective after business closes, brings the number of dealers back down to 16, after Jefferies & Co. joined last week. Dealers trade directly with the Fed and are required to bid at Treasury auctions. The last firm to drop out was Nomura Securities International, a division of Nomura , in late 2007.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: dealer; dresdner; fed; treasury
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
06/26/2009 10:26:26 AM PDT
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
3
posted on
06/26/2009 10:26:45 AM PDT
by
misterrob
(A society that burdens future generations with debt can not be considered moral or just)
To: misterrob
T-bill is slowly turning into a junk.
4
posted on
06/26/2009 10:27:47 AM PDT
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
Uh oh.
And the fed is all out of scooby snacks to keep bond buyers happy.....
5
posted on
06/26/2009 10:31:54 AM PDT
by
Danae
(Amerikan Unity My Ass)
To: TigerLikesRooster
KD says this is a "severely bearish development."
6
posted on
06/26/2009 2:21:55 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: TigerLikesRooster
But the recession is over and the recovery is underway. I know because the government and Wall Street say so. And they wouldn’t lie to the people, would they?
7
posted on
06/26/2009 2:55:37 PM PDT
by
PAR35
To: lainie
Wow thanks for that link! KD seems like he has game. Good to have another insight.
8
posted on
06/27/2009 7:47:44 AM PDT
by
SteelTrap
To: SteelTrap
You’re welcome. I keep posting links to his tickers in hopes of spreading the word.
9
posted on
06/27/2009 8:53:12 AM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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