E' dal 1930 che non fanno una cosa del genere... siamo proprio alla frutta
BULLET: US TSYS/FED: Regarding JPM, BSC news on discount.....
US TSYS/FED: Regarding JPM, BSC news on discount window borrowing,
Tony Crescenzi of Miller Tabak offers this excerpt from page 366 of his
book, Stigum's Money Market: Reserve banks are authorized, "in unusual
and exigent circumstances" and after consultations with the Board of
Governors, to extend credit to an individual, partnership, or
corporation that is not a depository institution if, in the judgment of
the Federal Reserve Bank, credit is not available from other sources and
failure to obtain such credit would adversely affect the economy. The
interest rate charged on such credit would be above the highest rate in
effect for advances to depository institutions. Such loans were used in
the 1930s to grant about 125 loans totaling a mere $1 million but it has
not been used since. Other sorts of federal subsidies or assistance, the
Fed believes, should be granted only by decisions of Congress and the
administration, not by an independent central bank.
diciamo bye bye U.S.A.