What we gots here Pilgrim is a Republican administration that spends money faster than any Democritter could ever conceive of...Sheesh!
Fed back in the market 3 times today!!!
Fed back in the market 3 times today!!!
Fed injects 17.25 billion dollars into market
Aug 23 10:20 AM US/Eastern
The US Federal Reserve injected 17.25 billion dollars into the financial system in three actions Thursday, the latest in a series of moves designed to ease a credit squeeze in global markets.
The Federal Reserve Bank of New York, which handles the overnight repurchase agreements for the Fed, announced the actions on its website.
A first injection of seven billion dollars at 8:30 am (1230 GMT) was followed by another of the same amount at 9:40 am and a third of 3.25 billion at 9:55 am.
The latest injections brought the total to 120.5 billion dollars added to money markets in repurchase agreements in the past two weeks.
Central banks began a series of major cash infusions on August 9 to ease tightening credit due to a crisis in the US high-risk subprime mortgage sector.
The US central bank on Friday unexpectedly slashed its discount rate to commercial banks to 5.75 percent from 6.25 percent to ease lending between banks.
http://www.breitbart.com/print.php?i...show_article=1
Aug 23 10:20 AM US/Eastern
The US Federal Reserve injected 17.25 billion dollars into the financial system in three actions Thursday, the latest in a series of moves designed to ease a credit squeeze in global markets.
The Federal Reserve Bank of New York, which handles the overnight repurchase agreements for the Fed, announced the actions on its website.
A first injection of seven billion dollars at 8:30 am (1230 GMT) was followed by another of the same amount at 9:40 am and a third of 3.25 billion at 9:55 am.
The latest injections brought the total to 120.5 billion dollars added to money markets in repurchase agreements in the past two weeks.
Central banks began a series of major cash infusions on August 9 to ease tightening credit due to a crisis in the US high-risk subprime mortgage sector.
The US central bank on Friday unexpectedly slashed its discount rate to commercial banks to 5.75 percent from 6.25 percent to ease lending between banks.
http://www.breitbart.com/print.php?i...show_article=1
