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  1. 03-19-2009, 06:28 PM #1
    AirborneSapper7
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    Federal Reserve plan stuns investors

    Federal Reserve plan stuns investors

    By Krishna Guha in Washington

    Published: March 18 2009 18:17 | Last updated: March 18 2009 23:40

    The Federal Reserve on Wednesday stunned investors by announcing plans to buy $300bn of US government debt, triggering a plunge in bond yields and the dollar.

    In a further display of aggression, the US central bank also said it was more than doubling its purchases of securities issued by housing giants Fannie Mae and Freddie Mac to $1,450bn. It said it now expected to keep interest rates near zero for an “extended periodâ€
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  2. 03-19-2009, 07:14 PM #2
    Bowman
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    Re: Federal Reserve plan stuns investors

    Gold surged in response to the Fed’s announcement, rocketing from a session low of $884.10 a troy ounce to a high of $942.90, a jump of 6.6 per cent.
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  3. 03-19-2009, 07:44 PM #3
    Justonehero
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    Talk about reckless abandon.And when all the smoke clears our great leader obama and his comrades will have that famous line"we inherited this mess"to fall back on,and the really sad part is that 50% plus of Americans will take that excuse as gospel.

    Looks like the good times are allmost over,third world crap hole her we come.
    We can't deport them all ? Just think of the fun we could have trying!
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