Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (372728)	8/12/2008 4:29:07 PM
From: Cynic 2005	Read Replies (1) of 436258

More printing today didn't seem to help much. Fed auctions another $25 billion in loans in an effort to combat a serious credit squeeze WASHINGTON (AP) -- The Federal Reserve has auctioned another $25 billion in loans to the nation's banks and given them more time to pay the money back in an effort to combat a serious credit squeeze. The Fed announced Tuesday that the money would be loaned at a rate of 2.754 percent. In the latest auction, the Fed offered the loans for an extended period of 84 days, rather than the 28-day period for the previous loans. biz.yahoo.com

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