Re: Obama XVI: Muslin curtains in the White House!!!
While we (republicans) get mad over the last stimulus by the government. The Federal Reserve BANK is planning a 2nd stimulus, around $500billion via debt purchases.
http://finance.yahoo.com/news/Fed-l...5.html?x=0&sec=topStories&pos=6&asset=&ccode=
While we (republicans) get mad over the last stimulus by the government. The Federal Reserve BANK is planning a 2nd stimulus, around $500billion via debt purchases.
http://finance.yahoo.com/news/Fed-l...5.html?x=0&sec=topStories&pos=6&asset=&ccode=
Public remarks by Fed officials since the September 21 meeting suggest the program will be smaller than the $1.7 trillion one it launched during the recession. Under that program, the Fed purchased a mix of mortgage securities and government debt. The effort was credited with forcing down mortgages rates and providing support to the weakened housing market.
Two Fed officials in recent remarks have suggested the new purchases shouldn't exceed $500 billion.