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To: Horgad who wrote (350919)	12/12/2007 11:53:58 AM
From: Pogeu Mahone	Respond to of 436258

NEWS ALERT from The Wall Street Journal Dec. 12, 2007 The Federal Reserve joined with other major central banks to announce new measures designed to inject added cash into global money markets. The Fed plans to create a new "term auction facility" under which it would lend at least $40 billion and potentially far more, in four separate actions starting this week. The loans would be at rates far below those charged on direct loans from the Fed to banks from its "discount window." The European Central Bank, Bank of England, Bank of Canada and Swiss National Bank simultaneously announced parallel measures. U.S. stock futures surged on the news. FOR MORE INFORMATION, SEE: wsj.com