Did Tim Geithner Leak Every Fed Announcement To The Banks?

On August 17, 2007, the Fed’s Board of Governors announced a key change to primary credit lending terms, whereby the discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans was extended from overnight to up to thirty days. This reduced the spread of the primary credit rate over…

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Did Tim Geithner Leak Every Fed Announcement To The Banks?

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