Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

"Helicopter Ben" to the rescue

Posted by: Dean Foust on August 17, 2007

bernanke_ben.jpgFederal Reserve Chairman Ben Bernanke rides to the rescue this morning with a half-point cut in the discount rate. The discount rate is not to be confused with the Fed Funds rate, which is the rate banks charge among themselves and is used as the benchmark by which many short-term rates are based off of; the discount rate, by contrast, is the rate that banks pay to borrow directly from the Fed; historically, banks are loathe to borrow from the Fed’s discount window because it’s a clear sign of desperation, a signal that the bank couldn’t get financing from private lenders. But Bernanke probably realizes some institutions are getting desperate, and wants to send this send this comforting message that the Fed stands ready to provide liquidity.



BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

BW Mall - Sponsored Links

Buy a link now!