N.Y. Fed May Mandate Loan Buybacks
Tags: FEDERAL Reserve Bank of New York; BAILOUTS (Finance)
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- RISKY BUSINESS. Lowenstein, Roger // New Republic;10/19/98, Vol. 219 Issue 16, p17
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The article is about the U.S. Federal Reserve Board's bailout of Bear Stearns, a large banking company, in 2008. Timothy Geithner, the president of the Federal Reserve Bank of New York, has stated that Bear Stearns was so big that its failure would have been devastating to the overall economy...
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Presents the author's observations on the Joint Report on the Government Securities Market, with particular emphasis on those aspects of the report that relate directly to the activities or responsibilities of the Federal Reserve Bank of New York. Administration of relationships with primary...
