Democratic Underground logo Democratic Underground 21 months ago

Fed Boosts Emergency Lending to Banks, Seeking to Offset Liquidity Crisis

Source: Bloomberg News March 7 (Bloomberg) -- The Federal Reserve plans to increase its loans to banks this month to offset a deepening credit crisis threatening to tip the U.S. economy into a recession. Full Article at Democratic Underground

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  1. Goldman Sachs
  2. Bloomberg News
  3. Abby Joseph Cohen

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Related Quotes

  1. Many of the challenges now facing our economy stem from the continuing contraction of the U.S. housing market
    Ben Bernanke – Ben Bernanke SOURCE: Democratic Underground 21 months ago
  2. In an environment where you don't know what catastrophe will be behind the next corner, this comes as a very pleasant surprise
    SOURCE: International Herald Tribune 21 months ago
  3. we have no similar transactions, none
    SOURCE: International Herald Tribune 21 months ago
  4. I couldn't find any negatives. They hedged a lot of their investment portfolio and that's why they didn't have substantial writedowns
    SOURCE: International Herald Tribune 21 months ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  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. WASHINGTON - OCTOBER 29: Daniel K. Tarullo, Federal Reserve Governor, speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
  7. WASHINGTON - OCTOBER 01: Federal Reserve Board Chairman Ben Bernanke testifies during a House Financial Services Committee hearing on Capitol Hill on October 1, 2009 in Washington, DC. The committee is hearing testimony on the Federal Reserves financial regulatory reform proposals.
  8. WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.
  9. WASHINGTON - SEPTEMBER 24: Former Federal Reserve Chairman Paul Volcker arrives at a House Financial Services Committee hearing on Capitol Hill on September 24, 2009 in Washington, DC.

Cast of Characters

  1. Standard Poor's Standard Poor's
  2. Bank of America Bank of America
  3. Goldman Sachs Goldman Sachs
  4. Bloomberg News Bloomberg News
  5. Abby Joseph Cohen
  6. Federal Reserve Federal Reserve