Fed official strays from Bernanke on ongoing lending

05/30/2008 | Bloomberg

Wall Street securities firms may get permanent access to loans from the central bank, as long as regulators tighten oversight of the companies, according to comments made by Federal Reserve Board Vice Chairman Donald Kohn. Kohn also supports continuing Fed auctions of funds to commercial banks and loans of Treasuries to Wall Street dealers even after markets stabilize. Chairman Ben S. Bernanke has signaled the lending would be shut down once the credit crisis passes.

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