• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers, as the case may be, from all primary dealers. This procedure is known as a go-around.
• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers from all primary dealers.
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. - Sir Winston Leonard Spenser Churchill