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Fed to give lenders an $800b lift

Source: The Boston Globe

Washington : DC : USA | about 1 year ago

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After pumping more than $1.5 trillion into the US financial system, the Federal Reserve will now commit another $800 billion to revive struggling mortgage, housing, and consumer credit markets and moderate a deepening economic downturn. The Fed said yesterday it would essentially lend $100 billion...

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News Stories

Will the US Feds $800 b push work?

News Source: Sify News | about 1 year ago

And how is it not a bailout? Since this is going to be a rather long discussion, we will get back to that. Okay. But what is this $800 billion going to be used for? Good question. Around $600 billion will be used to support the big...
Meltdown 101: Why Fed can easily offer money help

News Source: Belleville News-Democrat | about 1 year ago

The Bush administration had to strive mightily to win congressional approval of a $700 billion rescue package for the financial system. Now, with no muss and no fuss, the Federal Reserve has announced an even bigger program totaling $800 billion...
Will the US Fed's $800bn push work?

News Source: Daily News & Analysis | about 1 year ago

Nouriel Roubini, reacting to the latest move of the US Federal Reserve You know, these days something or the other keeps happening before I have figured out what went before, she said rather excitedly over the phone. Now what? I asked. It...
Will Obama's stimulus take jobs out of USA?

News Source: The Economic Times | about 1 year ago

The credit crunch is so severe that the Fed has been forced to go beyond its peacetime role of guiding the economy by steering short-term interest rates. With banks weakened and afraid to lend, it is making or guaranteeing loans to particular...
The $800 Billion Pick-Me-Up for Consumer Credit

News Source: The Motley Fool | about 1 year ago

The central bank announced yesterday an $800 billion support package in concert with the Treasury aimed at spurring mortgage lending and consumer credit, including car, credit card, and small business loans. The new program amounts to a vast...
Henry Paulson announces $800 billion more in federal aid on financial ...

News Source: Los Angeles Times | about 1 year ago

Among the initiatives unveiled by the Treasury secretary is a $200-billion program to help ease the credit pinch for consumers in three areas: student loans, automobile purchases and credit cards...The move is intended to make it easier for ordinary...