The Fed Clamps Down on the Firehose, Finally Restrains Themselves

A bit.

The Federal Reserve said it loaned just $1.242 billion to the European Central Bank and the Bank of Japan through its currency swap line in the week ended Wednesday.

The Fed loaned $1.032 billion to the ECB and $210 million to the BOJ through the program it reopened earlier this month in response to strains in the global market for short-term dollar borrowing. The foreign central banks lend the dollars to their commercial banks.

Keep 'em comin', ZB, Europe is counting on you.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


elf2006real said...

The problem being that gas comes out of that fire hose.

Seen our NJ guv'ner lately? In response to a teacher complaining about his merciless budget cuts - as opposed to merciless property tax increases - 70% in 10 years - he stated that she doesn't have to be a teacher. Also that "unlike the Federal govt the States cannot print money."

She responded that teachers do it because they love it.

It may be teaching.

Or it may be the 86K a year she makes.

She thinks they should be paid 3$ a head. er, pupil.

Say Moo, kids.

Anonymous said...

I think many of these unionized public sector employees should do a little history reading and review the story of the air traffic controllers union (PATCO) during the Reagan years.

"The lady doth protest too much, methinks." - William Shakespeare (Hamlet)

Anonymous said...

There for a while I was beginning to think that the Fed was going to be like when you've been drinking lots of beer and water the day before and you wake up in the middle of the night having to take a piss. Then, about midway through bleeding your lizzard, the phone rings and you need to answer it but that means stopping the flow of piss which is nearly impossible given the large volume of Miller Lite and H2O in your bladder, but you need to heed the call, but you need to piss so bad, but you need to heed the call, but you need to piss so bad, etc.


Anonymous said...

I thought you'd get a charge out of that - only in your case you have to replace Miller Lite with Pabst Blue Ribbon. I did that once when I went to the can and it was dark and didn't realize I'd left the seat cover down - all groggy and shit and it's dark and you're half loaded pissing all over the cover and then I'm thinking "now self, why don't we hear the sound of a babbling brook and what the hell are these droplets on my shin hair and... oh my God, oh my God, oh my God!" Have to literally pinch the fucker off and go over the turn on the light before resuming - makes you feel like your back teeth are floating.