You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Fed, global central banks move to boost financial system [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
IDemo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 07:17 AM
Original message
Fed, global central banks move to boost financial system
Advertisements [?]
Edited on Wed Nov-30-11 07:21 AM by IDemo
Source: msnbc.com

By Patrick Rizzo

The Federal Reserve said Wednesday that it joined some of the world's major central banks in a coordinated action to inject liquidity into the global financial system.

Joining in the move were: the Fed, The Bank of Canada, the Bank of England, the Bank of Japan and the European Central Bank, the Fed said.

"The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the Fed said in a statement.

Read more: http://bottomline.msnbc.msn.com/_news/2011/11/30/911389...
Refresh | +6 Recommendations Printer Friendly | Permalink | Reply | Top
 
  -Fed, global central banks move to boost financial system IDemo  Nov-30-11 07:17 AM   #0 
  - On other words, they are going to print money to give to the banks,  naaman fletcher   Nov-30-11 07:45 AM   #1 
  - Exactly, we would be talking TRILLIONS  JCMach1   Nov-30-11 08:08 AM   #6 
  - Absurd. Its just an extension of currency swaps at a lower rate.  banned from Kos   Nov-30-11 08:23 AM   #10 
     - they create the money they are borrowing. nt.  naaman fletcher   Nov-30-11 09:22 AM   #19 
     - Why should we be subsidizing Eurpoean banks with below market rate loans?  girl gone mad   Nov-30-11 01:31 PM   #31 
  - How injecting some liquidity into MY financial system? (nt)  goodboy   Nov-30-11 07:47 AM   #2 
  - MORAL HAZARD ALERT!!!  Odin2005   Nov-30-11 07:48 AM   #3 
  - I have complete faith in them. Everything they've done so far has worked.  bloomington-lib   Nov-30-11 07:52 AM   #4 
  - Really, what could go wrong?  Magoo48   Nov-30-11 08:39 AM   #12 
  - The FED just put the US taxpayer on the hook for Trillions more  JCMach1   Nov-30-11 08:07 AM   #5 
  - In reality, the Fed just cut the swaps rate in half.  banned from Kos   Nov-30-11 08:18 AM   #8 
     - So, we are not all on the hook for the value of our dollar?  JCMach1   Nov-30-11 08:21 AM   #9 
        - If we swap dollars for Euros and the dollar falls against the Euro then  banned from Kos   Nov-30-11 08:31 AM   #11 
           - CNBC just said the only thing to take a hit in this deal are "greenbacks".  NCarolinawoman   Nov-30-11 08:54 AM   #15 
              - Dollar is 78.18 (DXY) or down 1% which is on the high end of 2011  banned from Kos   Nov-30-11 09:16 AM   #18 
              - Which means this action is already failing in one way.  girl gone mad   Nov-30-11 01:24 PM   #30 
  - But Dow futures are soaring on the news!  earthside   Nov-30-11 08:09 AM   #7 
  - Liquidity --- the life blood of commerce. n/t  banned from Kos   Nov-30-11 08:45 AM   #13 
  - On FX intervention and the ECB/SMP  Roland99   Nov-30-11 08:48 AM   #14 
  - Foreign Currency Liquidity Swaps (aka Global Bail Out Plan B) FAQs  Roland99   Nov-30-11 08:56 AM   #16 
  - Here Is What Happened After The Last Global Coordinated Central Bank Intervention  Roland99   Nov-30-11 08:57 AM   #17 
  - Can you explain in relatively simple terms what that graph is telling us?  Nye Bevan   Nov-30-11 09:23 AM   #20 
     - Its not telling anyone anything of value. Its just a chart with some down arrows on it.  banned from Kos   Nov-30-11 09:37 AM   #21 
     - It's a chart of the S&P500 closing numbers for September.  Roland99   Nov-30-11 09:38 AM   #22 
  - Fed Made Decision To Bail Out Europe On Monday  Roland99   Nov-30-11 10:47 AM   #23 
  - Central Banks Take Joint Action to Ease Debt Crisis.  elleng   Nov-30-11 10:52 AM   #24 
  - Yea, that will work...  WCGreen   Nov-30-11 10:52 AM   #25 
  - To be reflected at the gas pump in ...5-4-3  Po_d Mainiac   Nov-30-11 10:52 AM   #26 
  - So we are paying for this right? I mean there is no fucking way we are not.  Safetykitten   Nov-30-11 10:52 AM   #27 
  - Some economist on CNBC said the stock market was on a "sugar high".  NCarolinawoman   Nov-30-11 02:21 PM   #32 
  - World's central banks act to ease market strains  dipsydoodle   Nov-30-11 11:29 AM   #28 
  - That explains the obvious pump job in the markets today  DJ13   Nov-30-11 12:32 PM   #29 
  - So, we're now the lender of last resort for ALL of Europe? Really good and really bad news.  Dark   Nov-30-11 08:40 PM   #33 
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC