Feds and others give $200 billion to the Financial Markets

Courtesy Digg - Business & Finance  Wed, 03/12/2008 - 09:20

Federal Reserve and other central banks said they will pump $200 billion into the financial markets to help ease the strain from the credit crisis.

The Feds acting in concert with the European Central Bank, Bank of Canada and the Swiss National Bank, agreed to loan banks money in exchange for debt that includes slumping mortgage backed securites


 

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