Guest Post: Third Quarter Economic Update by Dorothy Jaworski
Jeff For Banks
OCTOBER 11, 2011
Liquidity is becoming a problem for these banks, and with their stocks battered daily, they have no ready sources of capital. Ben Bernanke was quoted as saying that Operation Twist is the equivalent of a 50 basis point cut in the Fed Funds rate. Hey, when Fed Funds is near zero, you have to try something. Thanks for reading!
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