RE: [OPE] Required reserve ratio

From: GERALD LEVY <gerald_a_levy@msn.com>
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
 
 

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Received on Thu Oct 2 08:49:27 2008

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