August 29th, 2007
Can Cut In Discount Rate Restore Order?
The mortgage slide of late is now effecting other areas of borrowing, not just the home loan sector. Credit Crunch Hits Commercial Sector.
The Federal Reserve cut its discount rate to banks, injecting more than $17 billion into the banking system. The Fed’s actions were meant to offset damage caused by the subprime mortgage crisis.
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Share ThisPosted by scott on August 29th, 2007 in Lending |
