Federal reserve

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- It's No Joke: Fed Hires Failed Bank Executive
  Posted by okami from ABC News
  The Federal Reserve is drawing jeers for hiring a former top executive from the now-defunct investment bank Bear Stearns to help it gauge the health of other banks.
  1 comment
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- Fed Tries to Unclog Credit Markets With $900 Billion
  Posted by Jeff from Cnbc
  The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. The Fed's action is aimed at spurring spooked financial institutions, which are hoarding cash, to lend not only to each other but also to individuals and businesses.
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- Central banks coordinate actions amid fears of a global financial breakdown
  Posted by Sandyenglish
  In a series of coordinated and parallel actions, the US Federal Reserve Board, the European Central Bank, the Bank of England, the Swiss National Bank and the Bank of Canada on Wednesday moved to inject tens of billions of dollars into near-frozen credit markets.
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- Fed moves to halt market meltdown
  Posted by Sandyenglish
  If a week is a long time in politics, then two days in the financial markets can be even longer. Last Wednesday, William Poole, president of the St Louis Federal Reserve Bank, told Bloomberg TV that the subprime mortgage rout did not threaten US economic growth and that only a “calamity” would justify an interest rate cut.
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- Fed delivers 13th consecutive quarter-point rate hike
  Posted by Jeff from Seattle Times
  The housing market should slow down soon...
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okami comments on:
It's No Joke: Fed Hires Failed Bank Executive

hey. . .they gave the highest civilian medal to officials who failed us on 911. . . whaddaya expect, anyway?

if we’re lucky, maybe he’ll be a ‘reverse’ indicator. . .whatever he says, they’ll do the opposite. . .

Reply »
8:13 pm 11/04/08

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okami
Member since Dec 2008
former US Marine, retired police. . .nothing of interest. . .
Commerce
Jeff
Member since Dec 2008
Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.
Seattle

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Federal reserve

okami comments on: