"We thought it would improve the liquidity and the credit quality of the portfolios," Mr. Nasgovitz said.
A.I.G. said Wednesday that it would use the $37.8 billion from the Fed to improve the liquidity of its securities lending business, which is losing cash rapidly.
"They need to do something to improve the liquidity of government bond markets and give Italy a chance to avoid insolvency," he said.
Shiller approvingly quotes an argument that "the introduction of derivatives tends to improve the liquidity and informativeness of markets," which, given what has just happened, might be the worst-timed assertion ever to have been made by a prominent economist.
"The Federal Reserve's decision to create a lending facility for primary dealers and permit a broad range of investment-grade securities to serve as collateral improves the liquidity picture," he said, and "from my perspective, takes the liquidity issue for the entire industry off the table".
"The Federal Reserve's decision to create a lending facility for primary dealers and permit a broad range of investment-grade securities to serve as collateral improves the liquidity picture," he told The Times, and "from my perspective, takes the liquidity issue for the entire industry off the table".
If this ever gets off the ground it could prove more important than the recapitalisation scheme because it would improve the liquidity of the whole banking system.
Flow channel is one of the important design and part of the bipolar plate, and the water management of flow channel is an important problem to affect the actual application of PEMFCs, therefore surface treatment is needed to improve the water liquidity.
But Moody's warned: "If progress is not made toward improving the financial condition and liquidity of district operating funds, or if challenges arise in making the required pension contributions, the district's general obligation credit quality will be impaired".
