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
Subscribe to:
Post Comments (Atom)
6-2-2026
Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...
-
They're saying F-U to Congress, essentially read more | digg story
-
“In the Shitter”: Democratic Rep. Reads Out Entire List of Trump Crimes - Representative Jasmine Crockett used Republicans’ Biden impeachm... -
A lot of criticism was given to the Bush Administration for proposing a 3-page bill to address the financial markets. While I had some criti...
No comments:
Post a Comment