On Tuesday 14 August 2007 14:48, David Crooks wrote: > On Tuesday, August 14, 2007 4:01 PM Pete Theisen wrote: > >What is he talking about with the term "repos"? Usually this term <snip> > From > http://www.iht.com/articles/ap/2007/08/10/business/NA-FIN-US-Fed-Mortgag > e-Backed-Assets.php: > > "In a "repo," the Fed buys securities from dealers, who then deposit the > money into commercial banks. In a three-day repo, the Fed holds the > securities for three days."
Hi David! Generating trillions in sales commissions and other profits for certain special interests? What happens after the three days, a banking collapse? -- Regards, Pete http://www.pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
