Fed/Treasury Adds ANOTHER 800B

[BigAls87Z28]

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

[Mike]

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

[BigAls87Z28]

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

[BurninrubberGT]

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

[Saitin]

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]

Originally Posted by BigAls87Z28

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.