What Are Currency Swaps?
I got interested in the headlines this morning that talked about the Federal Reserve injecting $600bn into the Global markets this morning. The $600bn number did happen to grab my attention because, if I recall correctly, this was roughly the number that was being voted on in the Bailout…er..”rescue” bill. When I checked, I realized the difference between the Bailout and SWAPS was only $100bn (what’s a hundred billion dollars between friends…not what it used to be and that’s for … [visit sit
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