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Goldman Sachs has access to the Federal Reserve's discount window.
by chailatte 16y ago
Goldman Sachs has access to the Federal Reserve's discount window.
- achompas 16y agoBanks do not use the discount window unless they are about to fail. GS stock would tank if they went to the window, as any other bank should provide sufficient liquidity. There is no clear mechanism for Goldman to take money from the Fed and invest it in Facebook. Also, Goldman has used the investment bank version of the window in the past, but they've already repaid all loans. [0] [0] http://en.wikipedia.org/wiki/Goldman_Sachs#Use_of_Federal_Reserve.27s_Emergency_Liquidity_Programs http://en.wikipedia.org/wiki/Goldman_Sachs#Use_of_Federal_Re...