Jesse's Café Américain

"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870

Showing posts with label Fed Drains. Show all posts
Showing posts with label Fed Drains. Show all posts
28 September 2009

The Fed and Those Money Market Funds Redux

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There is quite a bit of speculation on the reasons why the Fed is eyeing the shadow banking system, aka the Money Market Funds, as a target ...
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