Fed’s Solution to Market Meltdown: Buy Up More Short-Term Debt
The Federal Reserve announced today that they will be invoking Depression-era powers to buy “commercial paper”, which it hopes will provide struggling companies with money to pay their bills.
In this action, the Fed basically becomes a source of credit for nonfinancial business, in addition to the traditional [...]
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Fox News's business host Neil Cavuto interviews Dan Gilbert on his housing market rescue plan.
- #Forbes Magazine: Senator Stabenow Says Gilbert Plan is "Persuasive"
- #Detroit Free Press Tom Walsh: 2 Propose Sane Fixes to Housing Meltdown
- #As bailout vote nears, other plans proposed - The Detroit Free Press
- #Dan explains the rescue plan to News/Talk 760 WJR's Frank Beckmann
- #Dan Gilbert talks to CNBC's Maria Bartiromo about why the $700 billion government bailout isn't enough to solve the death spiral in the housing market.
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