Fed Announces Plan to Buy More Than $1Trillion in Assets, page 1
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Topic started on 18-3-2009 @ 06:37 PM by opal13

Fed Announces Plan to Buy More Than $1Trillion in Assets


www.foxbusiness.com
The Federal Reserve’s policy committee on Wednesday said that the Fed would buy more than $1 trillion in assets to revive credit markets, also leaving its target interest-rate range of 0% to 0.25% unchanged and signaling that the economy still has a long way to go before it recovers.

The Federal Open Market Committee said it would buy up to $300 billion in longer-term Treasuries over the next six months, up to an additional $750 billion in agency mortgage-backed securities (bringing the total this year to $1.25 trillion) and up to an additional $100 billion in agency debt (bringing the total up to $200 billion).
(visit the link for the full news article)


reply posted on 18-3-2009 @ 06:40 PM by mpriebe81
reply to post by opal13



With the kind of debt we've got going on here, yeah i'm thinking about 10 generations are going to be paying for this....that's IF the government will ever actually figure out how to balance the books!

Looks like they'll just keep printing money until it'll be better served as toilet paper than actual currency.



reply posted on 18-3-2009 @ 07:31 PM by xoxo stacie
reply to post by opal13



The Federal Reserve is about as "FEDERAL" as Federal Express. They are not owned or run by our government they are a privately owned bank. There are plenty of threads on here about it and a simple internet search will find you plenty of information on it.
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