Richard DeKaser, chief economist at National City Corp., talks with Bloomberg's Betty Liu about the Federal Reserve's plan to lend up to $200 billion of Treasury securities in exchange for debt including private mortgage-backed securities and the possible impact on the economy and financial markets. The Fed set up a new tool, the Term Securities Lending Facility, to lend Treasuries to primary dealers for 28-day periods, through weekly auctions.
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Added: Mar 11, 2008 |
| Category: Business |
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