Tuesday, November 25, 2008

Federal Reserve Announces New Mortgage-support Program

The U.S. Federal Reserve announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to support consumer debt securities.

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1 comment:

Mberenis said...

Everything is going to be ok! But most people don't realize what is going on. The bailout is causing lenders to practically give away money. You would be surprised at how much cheap and in some cases "free" money is going around out there.

Bailouts for Everyone