Tuesday, July 1, 2008

Inflation? What inflation?

Fed loans $75bn more to aid banks

The US central bank has auctioned a further $75bn (£38bn) of short-term loans to help the financial sector. Offers for $90.88bn-worth of loans from 77 bidders were tabled during the auction, the Federal Reserve said. The auction, the 15th since December, is part of the Fed's attempts to help banks through the credit crunch.

Posted by flintster1994 @ 04:56 PM (574 views)
Please complete the required fields.



3 thoughts on “Inflation? What inflation?

  • “Offers for $90.88bn-worth of loans from 77 bidders were tabled during the auction”. Oh no, they wanted $90bn but only $75bn was on offer! Never mind, let’s just print another $15bn, no one will notice; well, no one except the poor and middle-class savers. But who cares?

    Reply
    Please complete the required fields.



  • Aaahhh !!! True Inflation.

    Reply
    Please complete the required fields.



  • Letsgetreadytotumble says:

    At least the Yanks are broadcasting this information.
    Are the BoE movements still labelled Top Secret?

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>