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crash2006

Federal Reserve Extends Banks' Rescue Fund

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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".

http://business.timesonline.co.uk/tol/busi...icle4429981.ece

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

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  • 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%



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