…Could that possibly be because of the $630bn Paulson infused into the global market? It doesn’t seem like anyone is connecting these dots.
Stocks rallied Tuesday afternoon as investors scooped up shares battered in the bloodletting that followed Congress’ failure to pass a $700 billion bank rescue plan.
Instead, the plunge is being called Wall Streets cry, [...]
Archive for September 30th, 2008
Stocks are Up…
Posted in Economy and Business, tagged bailout, failing economy, tax-payer bailout, wall street on September 30, 2008 | Leave a Comment »
If the Fed Pumps $630bn Into Economy, Why Do We Need a Bailout?
Posted in Economy and Business, tagged $700bn bail-out, economy, failed economy, Federal Reserve, financial crisis on September 30, 2008 | 1 Comment »
The Fed is sidestepping Congress, and is infusing $630 bn into out financial system.
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to [...]





