March 29, 2008

Liquidity Battle Moves to a Different Universe

Topix SEC News
“Any institution that may need to go to the discount window directly or indirectly ought to be under the supervisory control of the Fed.” America’s financial system faces its biggest overhaul since the Great Depression as officials weigh lessons from the credit-market rout and the near collapse of Bear Stearns Cos . via Seeking Alpha

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