The Mudcat Café TM
Thread #103764   Message #2129423
Posted By: DonD
19-Aug-07 - 09:49 PM
Thread Name: BS: Infrequently Asked Questions
Subject: RE: BS: Infrequently Asked Questions
When the Fed pumped billions into the Market to prevent its collapse, how did that work? Whom did they actually give/loan it to? In this instance, what the hell is 'the Market'? Did a Fed rep go into the NY Stock Exchange and chuck lots of cash on the Floor? And what about Nasdeq that doesn't even have a floor or a building? And BTW, where did the Fed get all that money when we(US)'re so deep in hock to the tune of trillions already? I guess we shouldn't ask such an infrequently asked question, and just be grateful that they saved the 'Economy"!