Re: I hope I am wrong....
in response to
by
posted on
Jan 11, 2010 02:15PM
"Under the proposal, the Fed would offer so-called "term deposits" that would pay interest. Doing so would provide banks with another incentive to park their money at the Fed, rather than having it flow back into the economy.'
At the moment they are telling us banks need to lighten up on lending to get the economy moving....while in the same breath make the consideration to park it.
doni