After a deepening financial crisis made it virtually impossible for many consumers and businesses to borrow money, the Federal Reserve and Treasury Department create new programs that dipense $800 billion into the economy. The plan is aimed at "unfreezing" the credit markets by helping companies that issue credit cards, make student loans and finance car purchases and by buying mortgage-backed assets.
I think this is a good start in the recovery process of our crippled economy.
Wednesday, November 26, 2008
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