TV News LIES

Thursday, Oct 16th

Last update07:58:01 AM GMT

You are here News Economy Financial havoc wallops US dollar and stocks

Financial havoc wallops US dollar and stocks

E-mail Print PDF

The Fed on Monday said it would begin accepting equities as collateral for emergency loans for the first time as it tried to ease the spiralling crisis. The steps would likely help surviving financial institutions to find cash but may not do much to boost global confidence in the U.S. financial system.

"The mere fact that they are forced to do this -- and they may still yet do some more -- indicates the breadth and depth of the trouble that the system is in," said V. Anantha Nageswaran, head of investment research, Asia-Pacific with Bank Julius Baer in Singapore.

More...


Most Recent Related Stories...


Judge temporarily blocks Trump administration from firing workers during government shutdown

judge susan illstonPresident Trump's administration for now must stop firing workers during the government shutdown, a federal judge...

Trump announces 100 percent tariff on China in response to rare earth controls

100% tariff on ChinaPresident Trump announced Friday he will raise tariffs on China in response to a move from...

3 share Nobel Prize in Economics for work on technology, growth and creative destruction

Nobel in EconomicsThe Nobel Prize in economics was awarded to a trio of researchers Monday for their work...

Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January

lisa CookThe Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!