Spc. Jeremy Titus, from the 506th Infantry Regiment, 4th Brigade Combat Team, 10th Mountain Division, provides security for fellow Soldiers on patrol in east Baghdad.
RECENT CONTENT:
» Earmarks up and down
August 19th, 2008
» Stevens makes nice profit
August 19th, 2008
» Musharraf resigns control
August 18th, 2008
» Downturn is good news
August 17th, 2008
» Russian attacks looming?
August 17th, 2008
Fed takes new steps to ease crisis
By: News Bites | Submitted on: 03/17/08(SGT NEWS BITE) - The Federal Reserve, in an extraordinarily rare weekend move, took bold action Sunday evening to provide cash to financially squeezed Wall Street investment houses, a fresh effort to prevent a spreading credit crisis from sinking the U.S. economy.
The central bank approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created a lending facility for big investment banks to secure short-term loans. The new lending facility will be available to big Wall Street firms on Monday.
Link to full article (opens in new window)
The central bank approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created a lending facility for big investment banks to secure short-term loans. The new lending facility will be available to big Wall Street firms on Monday.
Link to full article (opens in new window)
News Bites are short one or two paragraph excerpts of external news articles with links to the original source.
