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[Lynn Wigglesworth <lynnw1366 AT hotmail.com>]

Does this have anything to do with the 'bailout', or is it in addition 
to the bailout? Everyone is panicking about $700 billion, and they slip 
$630 billion through with little notice? Is this unusual or do they do 
this kind of thing all the time and just not tell us?

Lynn Wigglesworth


Lisa K.V. Perry wrote:
> Looks like the FEd is spending money anyway!
> 
>>From bloomberg.com:
> 
> Fed Pumps Further $630 Billion Into Financial System (Update3)
> 
> By Scott Lanman and Craig Torres
> 
> Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630
> billion into the global financial system, flooding banks with cash to
> alleviate the worst banking crisis since the Great Depression.
> 
> The Fed increased its existing currency swaps with foreign central banks by
> $330 billion to $620 billion to make more dollars available worldwide. The
> Term Auction Facility, the Fed's emergency loan program, will expand by $300
> billion to $450 billion. The European Central
> Bank,
> the Bank of England and the Bank of Japan are among the participating
> authorities.
> 
> To read remainder of article:
> 
> http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY&refer=home
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