#1

Banks pump billions to calm the markets

in Business fundamentals Wed Apr 13, 2011 2:26 pm
by asitnetwork5 • 104 Posts

The Federal Reserve and central banks around the world yesterday took the extraordinary step of pumping more than $100 billion into financial markets riven by a credit crisis, the largest such intervention since the September 11 terrorism attacks.



In a rare public statement, the Fed said it wanted to ensure financial markets had enough money to continue operating in an orderly fashion.




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Last edited Wed May 18, 2011 5:24 pm | Scroll up


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