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Obama Is Repeating the Mistakes of the 1937 Economic Collapse
FOXNews
In exchange, the Federal Reserve promised to serve as a lender of last resort to temporarily tide over banks who couldn't cover withdrawals by depositors. ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

Hungary's Euro Entry Should Be Priority, Simor Says
BusinessWeek
A large share of foreign currency-denominated lending also “seriously constrains” the lender of last resort capacity of the central bank, he said. ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...
Published on Saturday 4th of September 2010 06:42:13 AM Read more...

Bush, Obama economic policies are too similar
The Daily Evergreen
In line with this policy, the Federal Reserve dropped interest rates to one percent for three years and became the lender of last resort. ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

Get Business Alerts
Huffington Post (blog)
When banks do not want to lend, the government is the lender of last resort. When businesses do not want to borrow, the government is the borrower of last ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

Bear Stearns Help Was `Original Sin,' Wallison Says
Bloomberg
“They were worried they would be viewed not as simply a lender of last resort, but as the support for everyone,” he said. “One of the reasons, ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...


The Hindu
Nationality the key issue when it comes to choosing ECB chief
Irish Times
It has been the lender of last resort for three years, effectively nationalising (or Europeanising) much of the liquidity function performed in the past by ...
ECB Allots EUR153.060 Billion In Main Refi OperationAutomated Trader

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

The Failure of the Liberal Economic Experiment?
Wall Street Journal
The US government was able to provide that liquidity, using its authority as lender of last resort, and most of the direct beneficiaries could eventually ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

Hints Of Change In The World Monetary System
Wall Street Journal
Were it to take off, the IMF could evolve into a true international lender of last resort. And giving a multilateral body like the IMF more power at the ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

ECB a Little More Optimistic but Rate Increases Remain Off the Agenda
Action Forex
So, the ECB is willing to act as a lender of last resort to Eurozone banks but not to European Governments. In practice, peripheral Governments bonds may be ...

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Published on Saturday 4th of September 2010 06:42:13 AM Read more...

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