Wednesday, March 12, 2008

Fed offers $200 billion to prop up lenders

"Ben Bernanke is stretching hard for new ideas to relieve the nation's painful credit crunch.

Staring at spreading financial dangers, Fed Chairman Bernanke and his central bank colleagues announced a rescue package Tuesday that would pour as much as $200 billion into banks and investment houses and allow risky home-loan packages as collateral."

Click below to read more...

Fed offers $200 billion to prop up lenders

No comments: