Replies

To: sickoflibs

We dont know what the terms are of the money the banks are getting from the fed do we?

The discount rate is 0.75% (up to 1.25%) and the term is overnight to a few weeks.

15 posted on 08/15/2010 7:19:13 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)

To: Toddsterpatriot

So banks have so renew the loans to the fed every two weeks when they loan it to the federal government per t-bill bonds for two years?

19 posted on 08/15/2010 7:46:40 PM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")

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