Re: Commentary
November 05, 2008 at 12:48 PM EST
[Skip to the end] > > The banks using the ECB’s liquidity program deposited a record 160 > billion Euros with the ECB overnight, rather than lend them to other > banks or market participants. > Jeff, ‘lending them out’ wouldn’t have changed that number. At most it would have moved the funds from one bank’s reserve account to another. So maybe, [...]
