Fed pumps $50B into nation's financial system

Source: AP

WASHINGTON - Urgently trying to keep cash flowing amid a Wall Street meltdown, the Federal Reserve on Tuesday pumped $50 billion into the nation's financial system to help ease credit stresses.

The Federal Reserve Bank of New York's action comes in addition to its regular market operations to inject $20 billion into the system slated for the day.

The maneuver takes place as Federal Reserve Chairman Ben Bernanke and his central bank colleagues prepare to meet to decide their next move on interest rates and conduct a fresh assessment of the country's financial and economic troubles. ...

Read more: http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/fed_credit_crisis;_ylt=Am6BUIQXFNHV6djmHswxaP6s0NUE

The question that no one in the media dares to ask, as no one wants to reveal how the United States itself is being mismanaged far worse than Freddie Mac and Fannie Mae ever were. No one here seems willing to ask the question, either, as the Democrats in Congress are fully complicit in this fiscal malfeasance.

My question exactly....I think they just make an entry in the ledger and China, et al buys up more of our future. Simplistic yes but I don't have a better explanation.

DU post: GOP is selling off NASA!

I'll be selling wheelbarrows and sandwich-board shoulder straps at the corner of Fucked and Depression, starting at 5pm this evening...

My family needs some pretty serious bailing out right now too.

Now, if we take the money flushed down the Iraqi toilet--$3 trillion--then we would have $10,000 for every American. For a family of four, that would be $40,000 plus this bailout would equal $40,668! And that doesn't include the other bailouts!

Just think what a family of four could do with $40,668:

College for the kids
Two Priuses for real gas and oil savings
Start a new business
Green your home
Pay off medical expenses
Pay off consumer debt
Buy a home

We Americans would be a lot better off now!!!

I don't see how the money spent in illegal war and big corp bailouts benefited Americans as much as $10,167 for every American would have, but, "no," Bush told us in 2000 that he trusted the American people, not government, with our money. Then he preceded to steal it from us to line the pockets of his "haves" and "have mores."

Horseshit!

Fed injects $70B to boost market
http://www.bloomberg.com/apps/news?pid=20601087&sid=azabvVyocFac&refer=worldwide


So, Where's all the $$ coming from?

Gentlemen, Start your Presses......

My bank account just lost value behind these fucking imbeciles. Supposing it's still there, of course...

How wrong can she be?

"From Sydney to Frankfurt, central banks injected billions of dollars of emergency funds to stop money markets from seizing up but even that could not prevent a surge in the cost of borrowing between banks, in cases on a scale unseen even when the global credit crunch hit in earnest in August 2007."

"The U.S. Federal Reserve added** $50 billion of temporary reserves via overnight repurchase agreements, but demand was higher, at $63.25 billion.

The European Central Bank injected 70 billion euros ($98.09 billion) into money markets on Tuesday, after 30 billion the day before.

Demand from banks for Tuesday's funds, a measure of how much other sources of liquidity are drying up, topped 100 billion.

In Britain, the Bank of England injected 20 billion pounds ($35.21 billion), after five billion on Monday.

Demand was three times the amount of extra liquidity offered on Tuesday"

"The Bank of Japan made its biggest cash injection in almost six months -- 1.5 trillion yen ($14.2 billion) -- and the prime minister met top financial policy makers to discuss events."

http://www.cnbc.com/id/26733671

** on top of the $70 billion it doled out Monday