TV News LIES

Thursday, Jul 24th

Last update02:13:59 AM GMT

You are here News Economy Financial havoc wallops US dollar and stocks

Financial havoc wallops US dollar and stocks

E-mail Print PDF

The Fed on Monday said it would begin accepting equities as collateral for emergency loans for the first time as it tried to ease the spiralling crisis. The steps would likely help surviving financial institutions to find cash but may not do much to boost global confidence in the U.S. financial system.

"The mere fact that they are forced to do this -- and they may still yet do some more -- indicates the breadth and depth of the trouble that the system is in," said V. Anantha Nageswaran, head of investment research, Asia-Pacific with Bank Julius Baer in Singapore.

More...


Most Recent Related Stories...


Bond trader could face nine years in prison in rare criminal prosecution

Blond trader to faced jail timeJesse Litvak was ecstatic.  It was March 31, 2010, and the mortgage bond trader at Jefferies...

This Nonexistent Social Network With No Revenues and No Assets Is Worth $4 Billion

Nonexistent tech companyIf you thought the potato-salad Kickstarter story was a crazy example of free markets run amok,...

Microsoft to cut 18,000 jobs this year as it trims Nokia

MicrosoftMicrosoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of...

Citigroup may pay $7 billion to resolve U.S. mortgage probes

CitigroupCitigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!