Federal Reserve Chairman Ben S. Bernanke is being forced to throw out four decades of monetary history by a financial system choking on miscalculated risks and a deepening recession.
Bernanke and the four Fed governors voted yesterday to become creditors to Bear Stearns Cos., a securities firm that isn't a bank, by invoking a law that hasn't been used since the 1960s. Three days earlier, the Fed said it would swap Treasury notes on its balance sheet for privately issued mortgage-backed securities held by Wall Street firms.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY2RvFA.yO_Q
http://www.bloomberg.com/apps/news?pid=20601087&sid=azptE74xBCFI
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Ever looked up from your phone, realized your bus was pulling away, and had to sprint like you were running the 2.4km NAPFA test? We are put... -
新加坡人口400万，亚洲人口4亿，全世界人口6亿。 但是，我一人可能就很有可能是世界最傻的了。我真是个不折不扣的大木头。真是受不了自己。
-
I was at Bugis Junction today and saw 蘇打綠 (Soda Green) performing. They look so much different especially the lead singer. I find their song...
-
Taking a break? Find music videos from the artists you love with Google's improved music video search results . People often come to G...
-
Watch Sim Ann's rally speech, described as a speech "dripping with sarcasm" against her opponent in the election contest, Dr C...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.