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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (37034)7/13/2008 6:49:45 PM
From: TobagoJack  Read Replies (1) of 217577
 
and like clock work, before tokyo and aussie and hk and shanghai markets open, and like a good debtor wastrel

http://www.federalreserve.gov/newsevents/press/other/20080713a.htm

Release Date: July 13, 2008

For immediate release
The Board of Governors of the Federal Reserve System announced Sunday that it has granted the Federal Reserve Bank of New York the authority to lend to Fannie Mae and Freddie Mac should such lending prove necessary. Any lending would be at the primary credit rate and collateralized by U.S. government and federal agency securities. This authorization is intended to supplement the Treasury's existing lending authority and to help ensure the ability of Fannie Mae and Freddie Mac to promote the availability of home mortgage credit during a period of stress in financial markets.
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