Thursday, September 18, 2008

So let's see...our dollar is now worth about....5 cents

Central Banks Offer Extra Funds to Calm Money Markets

The Federal Reserve almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the worst crisis facing financial markets since the 1920s.

1 comment:

Clay said...

S&P says pressure on US AAA debt rating:

They don't have the balls to do it, though.