birdwatcher: (Default)
[personal profile] birdwatcher
What is significant about Friday's repurchase agreements is not so much their size, but the securities that the Fed exchanged for money: mortgage-backed securities (MBS). Indeed, the entire $38 billion dollar injection went to MBS purchases, the largest open market purchase of this asset type ever conducted by the Fed.

Date: 2007-08-14 08:54 am (UTC)
From: [identity profile] averros.livejournal.com
I'm not talking about longer-term, just the short-term effects.

Date: 2007-08-14 09:00 am (UTC)
From: [identity profile] mi-b.livejournal.com
так и я про события последней недели ;)