On Sep 29, 2008, at 12:58 PM, Michael Nuwer wrote:
I'm not sure, hence the question.
But, if the plan is a substitution of securities, that sounds like a
focus on liquidity problems. If I'm understanding how these thing
work (and perhaps I'm not), the plan does not increase the banks'
capital (or is not an injection of capital).
Injection of highly marketable Treasuries, still the finest securities
in the world, both boosts capital and can aid in liquidity, since they
can be sold or lent.
Doug
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