Tuesday, September 30, 2008

Bush Sidesteps Congress? $630BN To Be Pumped Into Economy

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.

read more | digg story

No comments: