Testing, Testing, Testing
October 8th, 2009 11:19 pm | by John Jansen |The Financial Times has posted a story that the Fed is testing reverse repos in the market.
The story notes that the Fed has conducted small scale tests of the procedure with custodian banks such as Bank of New York and JPMorgan.
I need to cogitate on this one but if you aint close to using them why are you running the test is my initial reaction.
Seinfeld repeats have been taken off the air here in New York at 1100PM so I am forced to consider weightier topics now.
2 Responses to “Testing, Testing, Testing”
By nnyhav on Oct 9, 2009 | Reply
Good cogitation here:
http://www.econbrowser.com/archives/2009/09/federal_reserve_2.html
By Eric Hancock on Oct 9, 2009 | Reply
I, too, am morning the loss of Seinfeld@11. I’m too sleepy at 11:30 to enjoy the show.