tag:blogger.com,1999:blog-5713178645208582139.post7138206154070752713..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: Time's A TickingDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-32205598210084931082010-08-23T21:07:23.541-05:002010-08-23T21:07:23.541-05:00According to FRBNY website:
What types of assets c...According to FRBNY website:<br />What types of assets can I pledge to the Discount Window?<br /><br />The following types of assets are most commonly pledged to secure discount window advances:<br /><br /> * Obligations of the United States Treasury<br /> * Obligations of U.S. government agencies and government sponsored enterprises<br /> * Obligations of states or political subdivisionsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-9384698078380563052010-08-23T20:02:29.226-05:002010-08-23T20:02:29.226-05:00I have a question.. it's my understanding that...I have a question.. it's my understanding that Bernanke cannot buy bonds or any other assets not specifically backed by the US Gov't.. is this true ? Could Ben wake up tomorrow morning and purchase $50mm in bonds from the City of Detroit ?<br />Could he purchase bonds at GM's IPO ? <br />In the end, this will be the difference between deflation or inflation. My personal guess.. he'Mr. Kowalskihttps://www.blogger.com/profile/07899577790533734474noreply@blogger.com