Thread: The Depression of 2008
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Old 03-19-2008, 12:31 PM
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Default The Depression of 2008
Posted By: JimCrandell

Not mentioned and I believe very positive is the Fed has taken the liquidity issue off the table for the major investment banks. By setting up a $200 billion lending facility and opening the discount window to primary dealers on favorable terms, the major investment banks no longer have to worry about liquidity. I believe Morgan Stanley and Lehman Brothers are already accessing that money and Goldman Sachs plans to.

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