The Federal Reserve is to advance $600bn to the mortgage market, with a further $200bn aimed at the consumer debt market, in what one economist said was "as close as the Fed can get to lending money directly to consumers"...
Read more U.S. Injects Further $800Bn to Kick-Start Lending
Source: Telegraph
Tuesday, November 25, 2008
U.S. Injects Further $800Bn to Kick-Start Lending
Labels:
bailout,
ben bernake,
fannie mae,
federal reserve,
freddie mac,
hank paulson,
the fed,
u.s economy,
us treasury
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