=
=
I was emailed this info indicating they will be targeting the Libor rate.
Quote:
|
A well informed investor I speak to regularly relays that the 3:45 PM speech by Paulson, coming out of the IMF meetings, will include the roll out of a joint clearing mechanism to get interbank lending rates like LIBOR down. Treasury's GS wunderkind Kashkari is due out Monday AM with the opening TARP moves, which probably require equity recap announcements given the late stage of the game. And as you may already know, last night, Pelosi signaled November 17th the House & Senate will be called back for a $150b tax cut.
|
=
=