Tue, Oct 7 2008, 14:15 GMT
by Marina Schiaffino
FXstreet.com | View company's profile
The Fed has just announced its plan to create a special fund to buy up commercial paper. Once the Treasury Department approves it, it will apply this new regulation in order to keep the credit crunch from cutting off a key source of funding for corporations.
Another emergency move, in order to calm distressed financial markets by preventing "substantial disruptions" to the financial markets and to the economy.
Published on Tue, Oct 7 2008, 15:15 GMT
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