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 Fed takes boldest action since the Depression to rescue US mortgage industry
telegraph.co.uk - The US Federal Reserve has taken the boldest action since the 1930s, accepting $200bn of housing debt as collateral to prevent an implosion of the mortgage finance industry and head off a full-blown economic crisis.

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Source : telegraph.co.uk
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Tags : Federal Reserve, Mortgage, Forclosure






by Harris   16 hours ago
A lot of help it's going to do. How many times has the fed rn to the rescue of the big corporations this year alone. In my opinion, those fatcat CEO's and executives are the one's who feel the pinch when their multi-million dollar lifestyles are disintegrating.

by SmartBomb   17 hours ago
Seems to have had an effect on the stock market today but we'll be watching the bloodletting that happens over the next few weeks. These moves by the fed always instill a false sense of confidence amongst investors, that is, untl the next time they take a shellacing.


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