Rookie120 0 #1 November 25, 2008 QuoteWASHINGTON, Nov 25 (Reuters) - The U.S. Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities, The U.S. central bank said it would buy up to $100 billion in debt issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, the government-sponsored mortgage finance enterprises. The Fed also said it would buy up to $500 billion in mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae. (Reporting by Mark Felsenthal, Editing by Chizu Nomiyama) This is completely out of control! They keep dumpin money like it's nothing. Bring on the inflation and deflated dollar next. We are so deep in debt just with the bailouts I have no idea how it will end.If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
Belgian_Draft 0 #2 November 25, 2008 When will it end? Pick a date! www.bible.ca/pre-date-setters.htm HAMMER: Originally employed as a weapon of war, the hammer nowadays is used as a kind of divining rod to locate the most expensive parts adjacent the object we are trying to hit. Quote Share this post Link to post Share on other sites
marks2065 0 #3 November 25, 2008 Quote When will it end? Pick a date! www.bible.ca/pre-date-setters.htm 12/21/2012 sounds good to me, that gives Obama just under 4 years to destroy the earth. Quote Share this post Link to post Share on other sites
SpeedRacer 1 #4 November 25, 2008 I don't believe I'll miss it too much. Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
kelpdiver 2 #5 November 25, 2008 The chuteless prophesy predicting our demise is still in play! Quote Share this post Link to post Share on other sites
SpeedRacer 1 #6 November 25, 2008 which one? Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #7 November 25, 2008 QuoteQuoteWASHINGTON, Nov 25 (Reuters) - The U.S. Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities, The U.S. central bank said it would buy up to $100 billion in debt issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, the government-sponsored mortgage finance enterprises. The Fed also said it would buy up to $500 billion in mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae. (Reporting by Mark Felsenthal, Editing by Chizu Nomiyama) This is completely out of control! They keep dumpin money like it's nothing. Bring on the inflation and deflated dollar next. We are so deep in debt just with the bailouts I have no idea how it will end. Are those the same high risk securities/debt that they originally promised to pick up then changed their mind on....and I guess changed their mind on again after they pledged the previous money to shore up the banks? Is any of this even legal?_________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
