Jump to content
House Price Crash Forum

Federal Reserve Extends Banks' Rescue Fund

Recommended Posts

The US Federal Reserve, America's central bank, has extended the run of its temporary discount window of cheap financing for investment banks until the end of January 2009.

The Dow Jones industrial average rose 166.5 points to 11,564.1 following the Federal Reserve's announcement.

The Fed’s Primary Dealer Credit Facility — known as the discount window — opened to securities firms in March in a bid to boost confidence in Wall Street banks as losses from the housing crisis snowballed, depleting their capital reserves.

Cheap financing was initially to be offered only until September but the central bank today extended the period "in light of continued fragile circumstances in financial markets".


why because US banks cant pay it back, short term has just entered long term.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.