Skip to Content.
Sympa Menu

homestead - Re: [Homestead] Fed injects $630B into Financial system

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: rayzentz AT aim.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Fed injects $630B into Financial system
  • Date: Mon, 29 Sep 2008 18:18:59 -0400

My question is this. The Fed could have done this at any time. Why wait until after Congress said no?



If Con is the opposite of Pro, is Congress the opposite of Progress?

Ray


-----Original Message-----
From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
To: homestead AT lists.ibiblio.org
Sent: Mon, 29 Sep 2008 4:10 pm
Subject: Re: [Homestead] Fed injects $630B into Financial system



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
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:

http://lists.ibiblio.org/mailman/options/homestead/lynnw1366%40hotmail.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead





------------------------------------------------------------------------


No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.169 / Virus Database: 270.7.5/1697 - Release Date:
9/29/2008 7:40
AM




_________________________________________________________________
Stay up to date on your PC, the Web, and your mobile phone with Windows Live.
http://clk.atdmt.com/MRT/go/msnnkwxp1020093185mrt/direct/01/
_______________________________________________
Homestead list and subscription:
http://lists.ibiblio.org/mailman/listinfo/homestead
Change your homestead list member options:
http://lists.ibiblio.org/mailman/options/homestead/rayzentz%40aim.com
View the archives at:
https://lists.ibiblio.org/sympa/arc/homestead







Archive powered by MHonArc 2.6.24.

Top of Page