Canada News | Ottawa to guarantee inter-bank lending
October 23, 2008 at 09:14 AM EDT
[Skip to the end] Excellent move! Someone finally understands that the CB demanding collateral from its own regulated banks is redundant for ‘local currency’ lending to member banks. The Fed should have done this long ago and saved a year of financial turmoil, as I’ve been proposing for a long time. This means bank failures will be due to [...]
