Credit Line

Tyler Durden's picture

Frontrunning: March 8





  • Investors help Athens over bailout hurdle (FT)
  • Greece Moves Closer to Swap (WSJ)
  • U.S. Warns Apple, Publishers (WSJ)
  • China offers other Brics renminbi loans (FT)
  • Court Challenges EU on Bank Downsizings (WSJ)
  • QE blamed for surge in pensions shortfall (FT)
  • Tang: Open to adjusting dollar trading band (WSJ)
  • U.S. Report to Warn on Cyberattack Threat From China (WSJ)
 
Tyler Durden's picture

Senate Expands FDIC Credit Line To $100 Billion





As had been widely expected, today (a day before the stress test results finally stop leaking, compliments of the securities and exchange commission) the senate passed a measure approving the expansion of the credit line from the Treasury to the FDIC to $100 billion, from $30 billion previously. The vote passed 91 to 5. In addition, the FDIC will now have half a trillion credit limit that will expire by the end of 2010.

 
Tyler Durden's picture

Senate Expands FDIC Credit Line To $100 Billion





As had been widely expected, today (a day before the stress test results finally stop leaking, compliments of the securities and exchange commission) the senate passed a measure approving the expansion of the credit line from the Treasury to the FDIC to $100 billion, from $30 billion previously. The vote passed 91 to 5. In addition, the FDIC will now have half a trillion credit limit that will expire by the end of 2010.

 
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