@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Big Banks, Big Bucks

Posted by iBlog on August 23, 2007

In a joint statement, JPMorgan, Wachovia and Bank of America characterized the move as intended to “display the effectiveness” of the Fed’s discount window–in other words to prove there’s no stigma to borrowing from it as opposed to raising cash elsewhere, or in each of their cases, just pulling it out of a drawer.

Read the full article in BusinessWeek.com

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