LOL !!
Yea right. I'm supposed to give anything you say credibillity when you took two days to Google that the FED, since 2008 has been paying banks interest on their REQUIRED and excess reserves.
This is just another in a long series of incredible errors built upon incredible errors. Your first error was taking a faulty thread on how the FED does NOT totally control interest rates...to a thread about your creating a guessing game about excess reserves.
Your second error is not being able to tell time. You started your tangent guessing game on the 26th. I solved your stupid riddle on the 26th.
Get a calendar, for f*ck's sake.
And now you're saying they've added all this liquidity just in case their (sic) is aa (sic) run on the banks ? 5 years in and you're claiming there still might be a run on the banks ?
Wow, lets see....they were REQUIRED to do so...because yes, dear Fen, THERE is still a possibility because of WORLDWIDE economic instability. But then I'm sure a default by the GOP would bring greater stability, as that is what some of their more extremist members in congress believe.
Because the policies are the same.
I'm sorry....where have you been a champion of more regulation of the private banks? I thought the whole problem was with the GSE's?
Or are you taking about US economic reforms? Remind me again of how you want proactive fiscal policy by the federal govt to bring more stability to the US macroeconomy...Mr. Libertarian.
If you don't like the LACK of real, effective policy to counter the runaway capitalism of private banks.....I don't know what to say other than you should be VERY happy with the lack of reform legislation. But then you did just get your message sort of mixed up.
I'll let you have a second swing at that flub.
Oh and by no means are they manipulating interest rates....
Ah, straw! Was there a claim by me that the FED does NOT effect interest rates?
No there wasn't....but then when you have nothing to offer but lies, diversions and tangents...straw is nice change of pace when sort of getting back to the topic of the op.