Hints and tips:
...So this resolution leaves over $14bn to spend on lawsuits, fines and consumers outside the US before investors have to start rediscounting the stock. Well, in theory....
...Another traditional tool, rediscounting of bankers’ acceptances, is also still used on a small scale....
...The PIIGS benefit from a credit line already in the sense that the EFSF lends to sovereigns and the ECB monetizes by rediscounting sovereign bonds to banks to boost private demand....
...One of the three specific reasons for setting up the Fed, listed in the Federal Reserve Act of 1913, was to “afford means of rediscounting commercial paper” – extending short-term loans....
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