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To: Toddsterpatriot

Well, really?

And what pray tell, was the collateral, because that has NOT been disclosed, FEDshillToad.

http://www.zerohedge.com/article/presenting-complete-fed-discount-window-data-dump
“Our very preliminary question is whether the Fed really expects the US public to believe it does not keep track of the collateral it lends Discount Window money against, and if that rhetoric question is false, then why is collateral data not disclosed?”


90 posted on 04/01/2011 10:10:42 AM PDT by TruthConquers ( Delendae sunt publicae scholae)
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To: TruthConquers; maggief
"And what pray tell, was the collateral, because that has NOT been disclosed, FEDshillToad.'

"The Monetary Control Act of 1980 says that a U.S. branch or agency of a foreign bank that maintains reserves at a Fed bank may receive discount-window credit. " - Bloomberg article

If only banks that keep reserves at the FED can get discount-window credit, would not the reserves themselves serve as collateral?

95 posted on 04/01/2011 10:32:03 AM PDT by DannyTN
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