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Author: theHedgehog Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: Big Banks Borowing from Fed Date: 8/26/2007 3:55 PM
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(1) They are making discount loans of 30 days which can be renewed (They used to be for a day or maybe a few days.),

They are offering the discount loans, but are they doing any real business? Yes, there were 4 US institutions that had their arms twisted to set an example. But after that, there doesn't seem to be anything happening. Germany's Deutsche Bank AG also stepped up to the window.

http://online.wsj.com/article/SB118790076350907001.html?mod=2_1312.htm_1

Hedge
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