Fed Pumps Further $630 Billion Into Financial System (Update3)
By Scott Lanman and Craig Torres
Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
more...
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The Feds already put in 1 Trillion last week....around the same time Congress passed the Pentagon Budget for 2009, another $615 Billion.
Full Version: "Well Guess What?! We don't Need Your Stinkin
This has to be the catch of the day, Morgan. They're doin' it anyway. The other thing I don't see talked about is that the auto industry received a $25 billion bailout last week, which seemed to slip the news.
Is this a monopoly consolidation into having just a couple banks in the country, i.e. WF, Citi and BofA? What else is left?
Is this a monopoly consolidation into having just a couple banks in the country, i.e. WF, Citi and BofA? What else is left?
QUOTE (Morgan @ Sep 29 2008, 10:41 PM) 
Fed Pumps Further $630 Billion Into Financial System (Update3)
By Scott Lanman and Craig Torres
Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
more...
====================================
The Feds already put in 1 Trillion last week....around the same time Congress passed the Pentagon Budget for 2009, another $615 Billion.
By Scott Lanman and Craig Torres
Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
more...
====================================
The Feds already put in 1 Trillion last week....around the same time Congress passed the Pentagon Budget for 2009, another $615 Billion.
see also:
Banks snap up Fed cash at record $188 bln per day, "...keeping the financial system on life support,"
http://forums.therandirhodesshow.com/index...st&p=166676
The printing presses are running so fast. I saw last week a $1.00 bill printed with that funky orange colored paper used for $10.00 bills.
Yeah these rat bastards are bailin' themselves out anyway. They have been doing it all along. Thanks Morgan!
Yeah these rat bastards are bailin' themselves out anyway. They have been doing it all along. Thanks Morgan!
Welcome to HYPER-Inflation!
They're probably just throwing in anything that's printable into the presses; a $1 bill printed on $10 paper in any other time might be a collector's item instead of business as usual.
How about if we go to an old and more finite monetary standard: Monopoly™ money. Lots of pretty colors with sufficiently large denominations, smaller than current currency so more can fit in your wallet, and they all have little choo-choo trains on them...
How about if we go to an old and more finite monetary standard: Monopoly™ money. Lots of pretty colors with sufficiently large denominations, smaller than current currency so more can fit in your wallet, and they all have little choo-choo trains on them...
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