On Tue, Oct 7, 2008 at 1:55 PM, Doug Henwood <[EMAIL PROTECTED]> wrote: > > On Oct 7, 2008, at 4:46 PM, Jayson Funke wrote: > >> Anyone know what will the Fed do with the paper it purchases? > > Collect the interest, probably. It's not likely to go bad. > > Doug
And in terms of short term unfreezing of credit, this is an immediate short term effort. Will the Fed need to become the main short term credit lender, or will cascades from this cause other short term lenders to start lending? Talking of short term lenders, has loan sharks incorporated , er the payday loan business frozen? Or are they still happily collecting their 300% interest? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
