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The European Central bank will buy government and private debt to keep debt markets working and lower borrowing costs, a crisis measure dubbed the "nuclear option," while the U.S. Federal Reserve joined with other central banks in the effort, reactivating a currency swap program used during the earlier stages of the financial crisis to ship dollars overseas to be pumped into banking systems as short-term credit.
Originally posted by Signals
Thanks for exposing this.
Yes, I am very sick now, bye-bye American 401K's....it's just a matter of time before they are 404'd
WASHINGTON (Dow Jones)--Companies ranging from Ford Motor Co. (F) and Tiffany & Co. (TIF) to Devon Energy Corp. (DVN) are emerging as strong defenders of over-the-counter derivatives as the U.S. Senate crafts a financial overhaul bill.
These multinational companies use derivatives to hedge currency exposure or limit the risk of oil or gas price moves. A bill approved last month by the Senate Banking Committee could open up these companies that use derivatives to new regulations. They are pushing to ease those regulations as the bill moves through the Sena