Fed Takes New Steps to Ease Crisis, just keep lowering them

S

S2007S

Thats the way to do it, why not just drop them to 0%

COME DROP THEM ALREADY TO 0%%%%%%%%%%%%%%%%%%%%%


So tired of these fu$king INJECTIONS, just let it be, let the markets do what they should do with out getting involved everytime there is another bump in the market place.



AP
Fed Takes New Steps to Ease Crisis
Sunday March 16, 7:21 pm ET
By Jeannine Aversa, AP Economics Writer
Fed Approves Cut to Its Lending Rate to Financial Institutions to 3.25 Percent


WASHINGTON (AP) -- The Federal Reserve has approved the financing arrangement announced by JPMorgan Chase & Co. to acquire Bear Stearns Cos. It also has approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent and created another lending facility for big investment banks to secure short-term loans.
The cut to its lending rate and the new loan facility announced Sunday are the central bank's latest steps to prevent a spreading financial crisis from plunging the country into its first recession since 2001, if it hasn't toppled into one already.

The new lending facility will be available to financial institutions on Monday. It will be in place for at least six months and "may be extended as conditions warrant," the Fed said.
 
Release Date: March 16, 2008

For immediate release

The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth.

First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. This facility will be available for business on Monday, March 17. It will be in place for at least six months and may be extended as conditions warrant. Credit extended to primary dealers under this facility may be collateralized by a broad range of investment-grade debt securities. The interest rate charged on such credit will be the same as the primary credit rate, or discount rate, at the Federal Reserve Bank of New York.

Second, the Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent, effective immediately. This step lowers the spread of the primary credit rate over the Federal Open Market Committee’s target federal funds rate to 1/4 percentage point. The Board also approved an increase in the maximum maturity of primary credit loans to 90 days from 30 days.

The Board also approved the financing arrangement announced by JPMorgan Chase & Co. and The Bear Stearns Companies Inc.


http://www.federalreserve.gov/newsevents/press/monetary/20080316a.htm
 
Quote from joeyata1:

sick sick sick. a crash could be coming. this constant nonstop interference will backfire massive
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Feds own your destiny, they owned your grandfather's destiny, they own all the money in this country!

I can see the shorts burning in hell....already..LOL!

No use fighting the Feds..no use.
 
Next step FED takes the US Treasury gold and sells the lot to force gold price down......don't joke.

The Central Banks are in panic mode they want to hit gold with a sledge hammer....the best tool they have are there own gold holdings.


FortKnoxGoldVault2.jpg
 
Quote from S2007S:

Thats the way to do it, why not just drop them to 0%

COME DROP THEM ALREADY TO 0%%%%%%%%%%%%%%%%%%%%%


So tired of these fu$king INJECTIONS, just let it be, let the markets do what they should do with out getting involved everytime there is another bump in the market place.



AP
Fed Takes New Steps to Ease Crisis
Sunday March 16, 7:21 pm ET
By Jeannine Aversa, AP Economics Writer
Fed Approves Cut to Its Lending Rate to Financial Institutions to 3.25 Percent


WASHINGTON (AP) -- The Federal Reserve has approved the financing arrangement announced by JPMorgan Chase & Co. to acquire Bear Stearns Cos. It also has approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent and created another lending facility for big investment banks to secure short-term loans.
The cut to its lending rate and the new loan facility announced Sunday are the central bank's latest steps to prevent a spreading financial crisis from plunging the country into its first recession since 2001, if it hasn't toppled into one already.

The new lending facility will be available to financial institutions on Monday. It will be in place for at least six months and "may be extended as conditions warrant," the Fed said.
More...


Does not looks too good for the shorts on Monday mornings...Markets will surge on good news...
 
Quote from Trendytrader:

Next step FED takes the US Treasury gold and sells the lot to force gold price down......don't joke.

The Central Banks are in panic mode they want to hit gold with a sledge hammer....the best tool they have are there own gold holdings.


FortKnoxGoldVault2.jpg
More...


No use Fighting that institution, they own you by the balls. They own all the banks, they own all the money flows and they own your destiny...... you are just a rabbit pouncing in the cage.
 
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