Talk:Lender of last resort

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Proposed move to Wikitionary

This should not be moved to Wiktionary, it can be expanded on. - Jerryseinfeld 20:29, 21 Nov 2004 (UTC)

Pay day loan reference

I think that the reference to pay day loan operators is not consistant with the traditional meaning of 'lender of last resort' and serves to otherwise muddy up a pretty clear subject. I am unable to find a legitmate reference from a trusted source that references these pay day loan operations as a lender of last resort. --t9 ^(Talk) 17:18, 13 May 2005 (UTC)[reply]

I fleshed out a few more details. There are grammatical errors. I am not entirely familar with wikipedia style so i'm afraid i'm going to have to leave it to someone else or come back at a later date armed with the knowledge of wikipedia style guide. I still think that the payday loan definition doesn't really fit the true spirit of economic institution that makes bail out loans to other institutions and that this is more or less colloquial usage co-opted or possibly reinvented to describe something entirely different. I have found references to payday loan businesses being described as a 'lender of last resort' but really these seem to be used by ill informed news media or self agrandizing propriators of such loan establishment. All this being said I didn't remove it cause i dont want to break wikipedia links, but i think it should go. There is already an article called 'payday loans' and is probably much more to the point, much more likely to be found when searched out, and over all the more proper terminology. When I think lender of last resort, I think IMF, central banks, economics, not some pawn shop slash loan shark. --t9 ^(Talk) 18:03, 13 May 2005 (UTC)[reply]

Absence of penalty rate

The text currently states, Fed has neither asked for good collateral nor charged rates above the market, in recent years. However, both cited works do not support the "recent year" clause. In fact, Flannery (first cite, [1], see p. 17) seems to imply that Fed had never used the penalty rates: "Bagehot’s advice in this regard, has not been followed by the Fed." I therefore propose to remove the vague "recent times" clarification. Викидим (talk) 15:34, 26 November 2022 (UTC)[reply]