Saturday, Nov 28th

Last update10:31:37 PM GMT

You are here News Economy Central Banks Offer Extra Funds to Calm Money Markets

Central Banks Offer Extra Funds to Calm Money Markets

E-mail Print PDF

The Fed will spray dollars around the world via swap lines with other central banks. They can then auction them in their own markets.

As markets seized up this week, central bankers pushed more than $200 billion into markets with those in Japan, Hong Kong, South Korea and Australia doing so again today. The U.S. Treasury today announced plans to sell an additional $100 billion in short- term debt to aid the Fed's balance sheet as it extends credit to financial companies. 

TVNL Comment: What exaxtly does it mean when the Fed pushed money into the market? Are they giving money out, lending it, investing it? Who gets the money? This needs to be made clear to all.


Most Recent Related Stories...

Another big corporation is flagrantly dodging tax. This must be outlawed

Another corporation evades taxesNo invention of modern capitalism so enrages the public as does the tax haven. When giant...

NY's Gov. Andrew Cuomo raising minimum wage for state employees

NY Gov. CuomoNew York Gov. Andrew Cuomo on Tuesday announced plans to give all state workers a minimum...

Inside the Money Laundering Scheme That Citi Overlooked for Years

Citi money laundering schemeWhen Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents...

Top 100 US CEOs sitting on retirement nest egg of nearly $5bn

CE0 retirement in the billionsForget retirement worries: once a fat cat, always a fat cat. The top 100 chief executive...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!