"IN A dramatic move that took markets by surprise, the US Federal Reserve announced last night it would buy $300 billion in long-term treasury securities and another $850 billion of mortgage-backed securities issued by nationalised financial institutions Fannie Mae and Freddie Mac."
US Fed to pump over $1 trillion into US economy
This is why the dollar just tanked against the euro, the price of oil and gold went up.
Thursday, March 19, 2009
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