RE: [OPE] Required reserve ratio

Date: Thu Oct 02 2008 - 08:43:28 EDT

> Question: To what extent a would a higher Required Reserve Ratio in the > US have mitigated the current crisis (if at all)?
Hi Dave:
If the Fed raised the required reserve ratio at the present moment - because
it would increase the liquidity problem and credit crunch - it would
exacerbate the crash.
Given the way in which Wall Street is manipulating the political scene,
(part of) what socialists should be talking about, imo, is developing
effective counter-policies to deal with a capital strike.
In solidarity, Jerry

ope mailing list
Received on Thu Oct 2 08:49:27 2008

This archive was generated by hypermail 2.1.8 : Wed Dec 03 2008 - 15:12:03 EST