Monday, October 6, 2008

We will continue to use all of the powers at our disposal to mitigate credit-market disruptions

Fed May See Lending to Companies, States as Next Crisis Fronts

Oct. 6 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments. Companies from Goodyear Tire & Rubber Co. and Duke Energy Corp. to Gannett Co. and Caterpillar Inc. are being forced to tap emergency credit lines or pay more to borrow as investors flee even firms with few links to the subprime-mortgage debacle. California Governor Arnold Schwarzenegger says his and other states may need emergency federal loans as funding dries up.

Posted by malct @ 12:47 PM (669 views)
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12 thoughts on “We will continue to use all of the powers at our disposal to mitigate credit-market disruptions

  • The never never is turning into NO NO. What a shame we have to live within our means

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  • planning4acrash says:

    It is a huge shame that our means aren’t greater. That’s the real story untold. America sustained double digit growth many of the years it had sound money. With suppressed technology, like hemp plastic, 7x stronger than steel, youtube ‘hemp car ford’

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  • i have a friend who is a casino lawyer in Nevada and he says Nevada is in deep in doo doo they are trying to tap more from casinos just to survive

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  • planning4acrash says:

    Sustainable tech. Add to that a century of inflation and misallocated resources from socialism and Corporatism, plus all the inflation. We cld produce 10x more, have all fed and housed. Fake global warming is propaganda 2 insure we don’t ask for growth.

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  • bring back the sex pistols anarchy in the uk…

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  • planning4acrash says:

    hemp, that provides 4crops/yr no need4 pesticides, seeds cure many disease coz have all amino acids, strongest natural fibre known 2 man. Clothes,+other products never breaking, hemp car never rusting, oil perfect 4fuel. Banned in USA, need a licence here

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  • plus u can get high!

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  • i see ebay are laying off 10% of workforce things must be bad…or no-one has anything left to sell other than dodgy dvds

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  • planning4acrash says:

    Hemp is thc free. Its just one example of suppressed technology. One of a vast catalogue. Of technology that cld let double the population live 10x lighter on the planet, 10x richer, twice the leisure time. Instead, we get psycho Paulscum takin our crumbs

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  • planning4acrash says:

    Its v simple, sound money & tech is suppressed coz it wld tool us 2 unsurp the puking oligarchy. Instead we head to Orwell’s 1984, where cheap quality stuff and freedom is limited to a second hand shop.

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  • gardeniadotnet says:

    >5. mark said… bring back the sex pistols anarchy in the uk..

    Johnny (Rotten) Lydon too busy making butter commercials.

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  • Ah! gardennetting, I’ve been meaning to ask you
    do potatoes have an immune system?

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