This is my Funny Friday Post.
I believe the Feds just sent me an email with the longest subject line ever.
Subject: The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system
Maybe Ben doesn’t do email and just got caught up in the moment.
Their email linked to this press release:
The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.
That’s all. Just those 25 words to announce a press release of 42 words!
If words were worth a nickel I’d be a…
Ugh, never mind.
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1 response so far ↓
1 Trace // Mar 14, 2008 at 9:47 am
A great post idea would be to lay out exactly what the options are that the fed has at its disposal….running down various scenarios….. maybe Robert or yourself will tackle this.
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