Its becoming increasingly difficult to keep up with all of the Federal Reserve’s new programs to keep the system solvent, well lubricated, and functioning.
Now, you can track all of these programs via the Federal Reserve Bank of New York. They published a handy guide counting all the ways you can
engage in Moral Hazard borrow from the nation’s lender of last resort.
These Five were created since August:
• Term Securities Lending Facility (TSLF), announced March 11, allowing securities dealers to get Treasurys at auction for 28 days
• Primary Dealer Credit Facility (PDCF), announced March 16, for securities firms to receive overnight loans
• Term Auction Facility (TAF), announced December 12, for banks to get funds at auction without the discount window stigma
• Single-Tranche OMO (Open Market Operation) program, announced March 7, allowing securities dealers to get 28-day funds
• Term Discount Window Program (TDWP?), announced August 17, extending the length of discount-window loans to 90 days
Hat tip: Real Time Economics
Forms of Federal Reserve Lending to Financial Institutions
Federal Reserve Bank of New York
Three “handy steps” for getting a questionable loan approved by JPM Chase’s automatic system: 1. Lump all of an applicant’s compensation as the applicant’s base income, rather than breaking out commissions, bonuses and tips. 2. Do not disclose use of gifts for down payments. 3. If all else fails, simply inflate the applicant’s income. “Inch…Read More
Yesterday, I noted how pokey and bug laden the videos are on CNBC.com, saying "I sure wish CNBC would get hip to embeddable flash media, like
BrightCove. The klunky old windows media players crash all the time. (I
don’t understand why they went with this 10 year old technology)."
At least CNBC — crash-prone, buggy, ugly and slow — will play on a Mac.
The Bloomberg video — also crash-prone, buggy, ugly and slow — is Windows only! I can play the video, but not the audio, on a Safari or Firefox browser for OSX.
And speaking of bugs, Bloomberg is the one of that odd collection of web based video that can’t/won’t be captured by a screen grab on a Windows machine. That means that any Bloomberg video you see here (like this one) is the result of watching and coding it on a Dell in the office, than grabbing the (silent audio) video part on the Mac at home, and combining the two.
Don’t you want people promoting your brand and your content?
Its not like Bloomie doesn’t know what embeddable flash is — if you go to this page, their promotional video is not WMP — its flash based! No loading delay, no glitches, just straight up video.
Hey Bloomberg.com & CNBC.com:
You folks are paying for the shooting, editing, storing, hosting and bandwidth usage of all this video. I assume you actually want people to see it — to sell subscriptions, to roll adverts, to brand your product. You are spending all of this money for a product that sends people running in the opposite direction.
Every time I post a video from either of your sites, I get email telling me it crashed their browser, or even worse their computer. It is slow, ugly and to be blunt, unprofessional. Your online video product is in fact damaging your brands. (CNN/Money’s video auto roll is another bit of annoyance, but we’ll save that for another day).
Of all the major Financial media that run video, only WSJ and NYT seem to have gotten it right.
Um, its 2008. Can we get with program? The embeddable flash video is circa 2006. Can you find it
in your business models to only be 2 years — not 10 — behind the
technological adoption curve?