Monday, March 17, 2008

Fed Takes Historic Steps to Ease Crisis on Wall Street

Not only is the Fed cutting their lending rate on Monday, they're going to accept mortgage-backed securities as collateral for loans to banks at least 6 months. Additionally, they are providing $30 Billion financing to JP Morgan for their $236 Million purchase of Bear Stearns- to accommodate for the bad loans & riskier securities.

read more | digg story

No comments:

11-23-2024

  Trump Team Is Seeking to Ease US Rules for Self-Driving Cars ALL THE PRESIDENT'S MEN: OPENLY GAY, FORMER SOROS AIDE FOR TREASURY SEC.....