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ECB Concerned Over Swap-O-Rama Exit Strategy

Posted on May 16, 2008

I have come across an interesting difference of opinion between the Fed and the ECB in regards to various Swap-O-Rama-Programs. Let's start with the Fed.On May 13th Bernanke said Fed to Boost Loans to Banks as Needed.Federal Reserve Chairman Ben S. Bernanke said financial markets remain unsettled and the central bank will increase its auctions of cash to banks as needed.While markets have improved, they remain far from normal, Bernanke said today in a speech to an Atlanta Fed conference at Sea Island, Georgia. We stand ready to increase the size of the auctions if further warranted by finan...

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bernanke , bonds , central bank , euro , fed , federal reserve , housing , the fed , treasuries