How the Fed saved the world

[geekdad]

The Federal Reserve released documents Wednesday showing that its efforts to help stabilize the markets at the height of the financial crisis reached far beyond Wall Street and deep into the economy.

The disclosures reveal the extent to which corporations were forced to rely on the Fed for the money to pay suppliers and make weekly payroll. The crisis in the commercial paper market, the documents show, was more extensive and lasted longer than was previously known.

During the worst moments of the financial crisis, in the fall of 2008, even bedrock corporations like Caterpillar, General Electric, Harley-Davidson, McDonald's, Verizon and Toyota had to turn to the Fed after the market for short-term commercial notes had dried up.

http://www.nytimes.com/2010/12/02/business/economy/02fed.html?_r=2&hp

[Disco Pickle]

How the Fed saved the world

also:



and



more later, I have to cook dinner.

[Nephew Twiddleton]

How the Fed saved the world

also:



and



more later, I have to cook dinner.

[Disco Pickle]

I've been advised by my doctor that even attempting to reply to this thread could give me an ulcer, an aneurysm, kidney stones and cause me to piss and shit blood.

oh, and lupus.

[Cain]

The Fed didn't save the world - Gordon Brown did.

I mean, duh.  He even said so himself.

[Precious Moments Zalgo]

[Disco Pickle]

HNNNNNNNNNNNNGHHHHHHHHHhh!!