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From March 2008 to May 2009, the central bank extended a cumulative total of nearly $9 trillion in short-term loans to 18 different financial firms — under a program called the Primary Dealer Credit Facility. Previously, the Fed had only revealed that four financial firms had tapped the special lending facility and did not reveal their identities or the loan amounts.
The data seemed to confirm that Citigroup, Merrill Lynch and Morgan Stanley were under severe strain in the weeks following the Lehman Brothers collapse in September 2008. All three firms tapped the facility on more than 100 occasions.
A quick analysis by The New York Times indicates that Citigroup was the greatest beneficiary, drawing on a total of $1.8 trillion in loans, followed by Merrill Lynch, which used $1.5 trillion; Morgan Stanley, which drew $1.4 trillion; and Bear Stearns, which used $960 billion. During the crisis, Merrill Lynch was sold to Bank of America and Bear Stearns was sold to JPMorgan Chase, as storied Wall Street institutions crumbled under the weight of bad loans and excessive leverage.
大家都知道的worst of worst，但即便是。。。18个大MM的缺口累计就有9T？
相比之下，银行1万亿的reserve算什么。。还有600B的QE2算什么。。。
FED要确保大家的资产都捂着不准卖————QE1+QE2，强过被迫去印9万亿？
asset price must go up... inflation must go up... dollar must go down..
然后来日方长。。。
这样的理解？
请高人解析。 |
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狗仔卡
发表于 2010-12-1 08:42 PM
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