Feds to inject cashSubmitted by Svens Son on Tue, 03/11/2008 - 08:58
What a waste.
Let me post a quote
"Contrary to popular notion, printing physical reserve notes (currency) isn’t the most important mechanism. (Thanks, anyway, to those readers who kindly remind us that the Fed's secret manipulation of illegitimate, 'fiat' currency is root cause of the world's economic and financial ills.) Most of the ‘money’ that flows through the global financial markets is actually electronic data moving from one account to another."
CNN is reporting English and Canadian central banks are going to lend the money.
More manipulation. And the stock market buys into it, making things worse.
"The U.S. Federal Reserve has tried to break the cycle, again, by offering an additional $200 billion to banks, on easier terms and for longer, but confidence in its ability to succeed has fallen."