http://biz.yahoo.com/cnnm/080926/092608_fed_liquidity.html
43 billion already this week
How many houses did they save with it
None
So the problem continues to exist
And the prop is helping no one
And it's actually making it worse for the little man
By making the dollar buying power worth even less!
By flooding the market with more bogus bucks
Common sense is still lacking on how to fix this problem
CNNMoney.com
Fed adds $13 billion to stabilize markets
Friday September 26, 9:38 am ET
The U.S. Federal Reserve Bank announced an expansion of deals with European nations Friday in an effort to stabilize global financial markets.
The Fed said it is boosting reciprocal-currency arrangements with the European Central Bank and the Swiss National Bank by $13 billion.
The agreement allows the Fed to make another $13 billion available to the two central banks. In return, the Fed will receive the reciprocal amount of foreign currency from each country. Under these types of arrangements, the currency 'swaps' get unwound at a later date.
The U.S. central bank's move to increase liquidity by reaching out to other countries is part of a larger effort to restore some level of confidence to Wall Street.
The Fed's announcement, made at 2 a.m. ET Friday, follows a similar initiative originallyunveiled last week and
