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MikeGangGree... Icon : (27 November 2016 - 07:13 PM) 2nd and 10
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ganggreen2003 Icon : (27 November 2016 - 07:21 PM) his foot was out of bounds
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MikeGangGree... Icon : (27 November 2016 - 07:23 PM) 2nd and 4
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MikeGangGree... Icon : (27 November 2016 - 07:25 PM) YOU SORRY SON OF A BITCH
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) it keeps us in the hunt for a top 5 pick
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) I'm glad we lost
ganggreen2003 Icon : (27 November 2016 - 07:26 PM) we need to get a top 5 pick in the draft
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Jetsfan115 Icon : (27 November 2016 - 07:28 PM) Good job fitz. Way to keep us at the fifth overall pick
MikeGangGree... Icon : (27 November 2016 - 07:28 PM) AND DO WHAT WITH IT?????
MikeGangGree... Icon : (27 November 2016 - 07:29 PM) What the f*** are we going to take
at 5?????
MikeGangGree... Icon : (27 November 2016 - 07:30 PM) They will just take another f***ing D player
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.fed Drains $2.26 Billion From Banking System With Reverse Repos For those interested in finance

#1 User is offline   azjetfan Icon

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Posted 07 August 2013 - 02:02 PM

Get ready for some serious inflation! Get out of any variable loan products and into a fixed one now!

Quote

The Federal Reserve drained $2.26 billion in reserves from the banking system with tri-party reverse-repurchase agreements in an operational-readiness test of the tool as policy makers prepare for the eventual withdrawal of monetary stimulus.

The “small-value” transaction, part of a series of temporary open-market operations that began in 2009, didn’t signal any change in monetary policy, according to a statement posted Aug. 5 on the Fed Bank of New York’s website.

The Fed uses repos and reverse repos to help maintain the level of money in the banking system to keep overnight interest rates close to its target. The central bank has held the target rate for overnight loans between banks in a range of zero to 0.25 percent since December 2008.

In a reverse repo, the Fed lends securities for a set period, temporarily draining cash from the banking system. At maturity, the securities are returned to the Fed, and the cash to its counterparties.

In a tri-party arrangement, a third party functions as the agent for the transaction and holds the security as collateral. JPMorgan Chase & Co. and Bank of New York Mellon Corp. are the only banks that serve in a trade-clearing capacity in the tri-party repo market.

The central bank’s large-scale asset purchases, known as quantitative easing, have swelled its balance sheet to more than $3.5 trillion, as policy makers have sought to reduce borrowing costs and stimulate growth. Fed officials have listed tri-party reverse repos as one tool they will use when they begin to drain cash in the banking system.

To contact the reporter on this story: Liz Capo McCormick in New York at emccormick7@bloomberg.net

To contact the editor responsible for this story: Robert Burgess at rburgess@bloomberg.net

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#2 User is offline   Mr_Jet Icon

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Posted 07 August 2013 - 04:26 PM

All I know is I hope to God that President Obama DOES NOT appoint Lawrence Summers to be the next Federal Reserve Chairman. Hopefully Janet Yellen and if not her then Roger Ferguson. But pleeeeeease not Lawrence Summers. I'd rather have M.C. Hammer as the next Fed chairman.

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
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