Ben's helicopter still grounded

22 August 2007 By Richard Beales

Four big US banks borrowing from the discount window lends credibility to the Fed s strategy for injecting liquidity into markets. The Fed chairman s desire to avoid bailing out excessive risktakers with a Fed funds rate cut seems to be working, so far.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)