Stocks Up Sharply After Fed Credit Plan »
Posted By engineer 6 months, 4 weeks ago in Business & FinanceWall Street rebounded sharply Tuesday after the Federal Reserve and other central banks said they will pump $200 billion into the financial markets to help ease the strain from the credit crisis.
Read Full Story at biz.yahoo.com »
Submitted By:
engineer
Hi My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
Also submitted:
Related Articles:
Why not submit a story?
Join the Discussion 
+ Add Comment
Comments So Far: 17
-
0%
engineer6 months, 4 weeks ago
The program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed -- acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank -- agreed to loan banks money in exchange for debt that includes slumping mortgage-backed securities.
The Fed's latest move was seen as a direct boost to struggling banks by avoiding having to dramatically slash interest rates when the central bank's policymaking Open Market Committee meets next week. Economists continued to be concerned about the unrelenting rise in oil prices and the dollar's weakness, which contribute to inflation -- and cutting rates only add to these pressures.
Reply-
0%
GHOSTWHOWALKS6 months, 4 weeks ago
The greatest threat to getting out house in order, paying off our debts, and growing the economy is the Federal Reserve. More fiat money going to the rich does nothing but devalue the dollar.
Reply
-
0%
texangelwings6 months, 4 weeks ago
Rewarding these banks for bad behavior, is not going to teach them a thing! This is just a bandaid on a large wound!
The desparity between the rich and the rest of the people is becoming wider every day! Without good paying jobs for the American people, there will be fewer qualifying buyers in the future! Who is going to fix that problem?
Thanks engineer!
Reply -
0%
marshx6 months, 4 weeks ago
how long before they come back down on the back of some rumour?
Reply -
0%
cowboygrandpa6 months, 4 weeks ago
Well hey come on now.
Sarcasm on.
You can't expect those poor bankers to eat that kind of loss can you? I mean after all they have all those properties to pay for.
Sarcasm off
We have to bail them out, so they can continue to rape America for their profits. That way we can be kept in debt with little to say about the way things are done. Just keep our mouthes shut and be happy we have work.
Freaking inept thieves that want all the pie and the bakery too.
Good one engneer.
Reply -
JohnQPublicComment removed: User banned.3 Replies
-
0%
quackpot6 months, 4 weeks ago
$200 billion? that's only about $2,500/family of four.
Your family will soon be the proud owner of about $2500 of useless paper.
I hope that they will at least give each household a nicely engraved certificte suitable for framing.
Reply -
0%
rosickyzx4 months, 1 week ago
http://hotshoppinglive.com Hoping to ease the credit crisis, the Fed -- acting with the European Central Bank, the Bank of Canada and the Swiss National Bank -- agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities.The fed is manipulating the market for their own gain and the ones that are going to suffer the most are those too stupid to realize it!
Reply
Add a Comment
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.