Tuesday, October 7, 2008

SPV: Is it contagious?

Fed to Purchase U.S. Commercial Paper to Ease Credit Crunch

The Federal Reserve Board, invoking emergency powers, will create a special fund to backstop the U.S. commercial paper market in an effort to support the financing needs of corporations. The move comes as the credit freeze spreads to the market for short-term debt that hundreds of companies use to finance payrolls and meet other cash needs.

Posted by stevie dee @ 02:33 PM (354 views)
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