Fed and Other Central Banks Lend Banks $400 Billion

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Article Submitted by: Sam Cass
The Economy

Tags: Federal reserve, Credit crisis.

The Fed and several other European Central Banks are going to allow banks to swap up to $400 billion in mortgage related debt for treasuries for 28 days. The idea is to provide liquidity to the banks and get them lending again.

I'm not sure how I feel about it. Will have more later.

Submitted: Mar 11, 2008 Views: 317 Comments: 1 Likes: 1

View Article: http://www.marketwatch.com/News/Story/fed-turns-spigot-money-again/...

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Comments Received:

Ron Shays

This will not work. We've been pumping liquidity into the market for the last 10 years and look what it got us - a housing bubble. All bubbles must deflate. The Fed can try and delay the pain, but it will come.

Posted: Mar 12, 2008

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The Best Savings Rates, CD Rates, and More

Other writing by Sam Cass

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