Wednesday, Nov 26, 2008
All this liquidity - it's all hype, hype, hype
Bloomberg.com: Fed Risks `Spitting in the Wind' With New Aid Pledges
The Federal Reserve's new $800 billion effort to combat the financial crisis is designed to make credit more accessible to shaken consumers who aren't sure they want more debt.
Households and lenders may not respond much because of the wealth destruction from plunging property and stock values, and the deepening economic slump, economists say.
Posted by v stor @ 05:59 PM (190 views) Add Comment
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