Prometheus 6 | All respect and no restraint logo Prometheus 6 | All respect and no restraint 20 months ago

We don't care about your job, we care about corporate profits

In a surprise announcement early Friday, the Federal Reserve said it would inject about $200 billion into the nation’s banking system this month — with more to come after that — by offering banks one-month loans at low rates and in return letting them... Full Article at Prometheus 6 | All respect and no restraint

Related Topics:

  1. Federal Reserve
  2. George W. Bush
  3. White House

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Related Quotes

  1. We believe that the steps we've taken, together with the actions taken by the Federal Reserve, will have a positive effect on our economy
    George W. Bush – George W. Bush SOURCE: Mail & Guardian Online 20 months ago
  2. We believe the conditions are in place for a bear-market rally that can be played on the long side ... Investors have been hit with a ton of bad news and pessimism is very high.
    SOURCE: Malaysia Sun 20 months ago
  3. The question appears no longer to be are we going into a recession but how long and deep it will be
    SOURCE: Mail & Guardian Online 20 months ago
  4. We’re in a recession. I don’t think there is any doubt about it at this point
    SOURCE: KansasCity.com 20 months ago
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  1. Chairman of the Federal Reserve Ben Bernanke speaks during The Economic Club of New York luncheon in New York, November 16, 2009.
  2. ST ANDREWS, SCOTLAND - NOVEMBER 07: The Chairman of the U.S. Federal Reserve Ben Bernanke (R) holds his hands to his face as U.S. Treasury secretary Timothy Geithner reads papers behind him during a break at the G20 Finance Ministers meeting on November 7, 2009 in St Andrews, Scotland.
  3. ST ANDREWS, SCOTLAND - NOVEMBER 06: Ben Bernanke, Federal Reserve Chairman, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  4. NEW YORK - NOVEMBER 04: Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announced it would leave interest rates unchanged on November 4, 2009 in New York, New York.
  5. WASHINGTON - OCTOBER 30: Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  6. Stones with plaques commemorating people killed at Sobibor death camp are pictured November 25, 2009. Suspected concentration camp guard John Demjanjuk will go on trial on Nov. 30 facing charges of helping to kill 27,900 Jews during World War Two.

Cast of Characters

  1. Federal Reserve Federal Reserve
  2. George W. Bush George W. Bush
  3. White House White House
  4. Thornburg Mortgage, Inc.
  5. Standard Poor's Standard Poor's
  6. Global Insight