Real estate blog entries tagged with banks by Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist (Prudential California Realty)

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Home : Blogs : Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist : Charles' Thoughts : Tag "banks"

banks: Sure...The Banks Aren't Being Bailed Out. - 03/11/08 03:16 PM

It may not be official, but the banks are being bailed out. Let me prove it.
The federal funds rate is the rate that banks can charge each other for overnight or short term loans. They can also borrow money from the government at this rate, which is currently at 3%. The feds raise this money by selling government backed bonds, which at this moment are being sold every two weeks at a whopping $20 billion bi-weekly. The feds have just increased that this month to $60 billion bi-weekly because of the extraordinary demand for them.
Here is where the problems come … (1 comments)

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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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Prudential California Realty

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