Already worried that the $700 Billion bailout plan won't be enough, the Fed has now announced a new plan in its desperate attempts to jump start not only the U.S. economy, but also a global economy that appears to be falling deeper into recession mode. Under the Fed's latest attempt, it will now buy up even more large sums of short-term debt in an effort to provide a spark to the worldwide credit markets.
Companies rely on this short-term debt to finance the investments they make to grow and expand. It is all about what is known as term lending in a commercial paper market. In regular language, the Fed is trying to make it easier for companies to receive business loans.
People and companies are growing more tired of the negative news surrounding the economy. There is a lot of panic out there right now. People are hurting to pay their bills and feed their families. And they desperately need the Fed and the U.S. Government to do something to pull them out of recession.
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Print | posted on Thursday, June 05, 2008 2:10 PM