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- - Fed/Treasury Adds ANOTHER 800B (http://www.njfboa.org/forums/showthread.php?t=38978)

BigAls87Z28

11-26-2008 08:39 AM

Fed/Treasury Adds ANOTHER 800B

800 Billion to unfreeze credit, 600B for housing, 200 for student and auto loans.
And NONE for Big 3.
Sweet....

Mike	11-26-2008 08:43 AM

unfreezing credit may help the big three by allowing people to buy a car........

BigAls87Z28

11-26-2008 09:22 AM

Uh...what was the other 700b for?
To give banks liquidity to start lending again aka opeing up credit.

BurninrubberGT

11-26-2008 09:30 AM

i dont get how we can do this and the dollar wont go to ****

Saitin

11-26-2008 09:37 AM

cause the dollar is **** right now, hell the Canadian dollar is almost worth just as much as the US dollar now days and the euro is worth even more.

JL8Jeff

11-26-2008 10:18 AM

Quote:

Originally Posted by BigAls87Z28 (Post 515621)

Uh...what was the other 700b for?
To give banks liquidity to start lending again aka opeing up credit.

They used that money to cover their @sses if they got called out on bonds or securities. Oh yeah, they needed that money for their CEO bonuses as well. :-x

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