Fed takes fresh steps to battle credit crisis
Monday September 29, 10:01 am ET
By Jeannine Aversa, AP Economics Writer
Fed, other central banks takes fresh steps to battle credit crisis
WASHINGTON (AP) -- The Federal Reserve and other countries' central banks have announced fresh steps to battle a worsening credit crisis that threatens to unhinge the U.S. economy
The Fed said Monday the action is intended to "expand significantly" the availability of cash available to squeezed banks and other financial institutions in an effort to provide relief to the worst credit crisis since the Great Depression.
The Fed cited "continued strains" in the demand for short-term funding.
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Zero interest rates
Started by
Rogerdodger
, Sep 29 2008 09:15 AM
2 replies to this topic
#1
Posted 29 September 2008 - 09:15 AM
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#2
Posted 29 September 2008 - 10:08 AM
IMHO it's all planned out. I mean that sincerely. They know what they'll do in advance given various situations. In the end a massive market intervention AFTER massive system reliquification is all that's necessary for a final rescue. Their is horde of cash in short term money instruments waiting to emerge. All that's required is a spark.....my guess is that spark will come at the close tomorrow or after tomorrow (EOQ).
#3
Posted 29 September 2008 - 10:54 AM
IMHO it's all planned out. I mean that sincerely. They know what they'll do in advance given various situations. In the end a massive market intervention AFTER massive system reliquification is all that's necessary for a final rescue. Their is horde of cash in short term money instruments waiting to emerge. All that's required is a spark.....my guess is that spark will come at the close tomorrow or after tomorrow (EOQ).
I agree. 1st they drop many short selling regulations (trading collars), uptick rule; claiming they have no effect on volatility (what a joke) right before a crash, as if no one
was positioned to benefit from these rule changes. Now suddenly, there is no liquidity with a perpetual motion press as this bill MUST be passed with no concessions immediately to save the market or else.










