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IPFS News Link • Economy - Economics USA

Fed Considers Plan to Buy Companies’ Unsecured Debt

10-7-2008 • NY Times

The Fed could buy vast amounts of the unsecured short-term debt that companies rely on to finance their day-to-day activities. If this were to happen, the central bank would come closer than ever to lending directly to businesses.

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Reported By Powell Gammill

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1 Comments in Response to Fed Considers Plan to Buy Companies’ Unsecured Debt

Comment by Fascist Nation

Entered on: 10/7/2008 8:55:26 AM

Forcibly taking taxpayer earnings and then using them to buy tonnes of valueless paper being held by wealthy risk taking investors so they won't lose their risk. What a deal!

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