Re: ECB ending Fed swap lines!
December 19, 2008 at 11:32 AM EST
[Skip to the end] (email exchange) > > On Fri, Dec 19, 2008 at 9:25 AM, Scott wrote: > > ECB says to discontinue US dollar swap OPS from end Jan. > > I guess they don’t want euro to strengthen! > Exactly! This is the new century version of ‘competitive devaluations.’ Paulson moved first by talking foreign CB’s out of buying USD reserves. Bernanke thought he was [...]