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Old 01-04-2008, 07:11 PM
hometowngrl53 hometowngrl53 is offline
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Default Fed Ups Auction Amounts to Aid Banks
Fed Ups Auction Amounts to Aid Banks
By MARTIN CRUTSINGER,AP
Posted: 2008-01-04 12:29:47
WASHINGTON (AP) - The Federal Reserve announced Friday that it is increasing the amount of money available to banks through the new auction process it created to ease the nation's severe credit squeeze. The Fed again pledged to continue the auctions "for as long as necessary."


read here http://money.aol.com/news/articles/_...04122909990029
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