FINEWS-Fed pulls new lever to address credit crisis
Tue, Oct 7 2008, 13:54 GMT
http://www.afxnews.com
- "Once again the Fed continues to pull all the levers it can think of and it's thought of a new one in the form of effectively accepting unsecured paper - commercial paper - from a wide variety of institutions," said Cary Leahey, economist at Decision Economics. "Up until today, the Fed did not make loans without some form of collateral. That has now gone out the window." Reuters Messaging rm://ellen.freilich.reuters.com@reuters.net
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