Fed to pump another $1 trillion into U.S. economy

Fed to pump another $1 trillion into U.S. economy

03-19-2009, 12:49 AM

#1 (permalink)

Little Bill

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Join Date: Feb 2000 Location: A long way from Uranus in Grays Creek, NC Posts: 964

Fed to pump another $1 trillion into U.S. economy

Quote:

WASHINGTON: Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.

... For mortgages, at zero percent interest. This money is tied up for 15, 20, 30 years with NO interest, not even cost of living adjustment. OUT OF CONTROL.

Fed to pump another $1 trillion into U.S. economy - International Herald Tribune

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O ... Hell No !!

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