Stimmt der folgende Text? - Kann die Fed im Krisenfall beliebig hohe...

verfasst von Erwin, 13.11.2000, 17:55

Kredite vergeben - und das auch an Nicht-Banken?

After all, the Fed was in charge of the sovereign credit of the United States. It had the legal power to buy up the entire national and private debt, theoretically infusing the system with billions, even trillions, of dollars, more than would ever be necessary to restore liquidity and credit.
In addition, there was an ambiguous provision in Section 13 of the Federal Reserve Act, the lawyers told Greenspan, that would allow the Fed, with the agreement of five out of seven members of the Fed’s Board of Governors, to lend to institutions - brokerage houses and the like - other than banks. Greenspan was prepared to go further over the line. The Fed might lend money, but only if those institutions agreed to do what the Fed wanted them to do. He was prepared to make deals. It wasn’t legal, but he was willing to do it, if necessary. There was that much at stake. At that moment, his job was to do almost anything to keep the system righted, even the previously inconceivable.


Kamm jemand etwas dazu sagen? - dottore?

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gesamter Thread:

• "How Greenspan came to the rescue" - oder: Do it again, Alan - Erwin, 13.11.2000, 17:28
  • Stimmt der folgende Text? - Kann die Fed im Krisenfall beliebig hohe... - Erwin, 13.11.2000, 17:55
    • Re: Stimmt der folgende Text? NEIN! - dottore, 13.11.2000, 20:26
      • es ist wohl dieser beinahe religiöse Glaube - Erwin, 13.11.2000, 21:34
        • Re: es ist wohl dieser beinahe religiöse Glaube - dottore, 13.11.2000, 21:51