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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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From: geode0011/8/2008 8:24:08 PM
1 Recommendation  Read Replies (2) of 173976
 
Fed Balance Sheet Tops $2 trillion for First Time

By CNBC.com with wires | 06 Nov 2008 | 05:20 PM ET

The Federal Reserve's balance sheet expanded to a record $2 trillion for the first time this week as the U.S. government poured cash into the financial system in an effort to free up sclerotic credit markets.

The U.S. central bank's various efforts to lend huge amounts to banks and dealers to backstop short-term funding markets that companies rely on for day-to-day survival pushed the Fed's balance sheet up to $2.058 trillion on Nov. 5 from $1.953 trillion on Oct. 29....

cnbc.com
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