Tuesday, October 7, 2008

Reuters.com - Fed creates facility to buy commercial paper

End the Fed (endthefed@sbcglobal.net) has sent you this article.  Personal Message:     WASHINGTON (Reuters) - The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets.  The central bank said it was acting because money market mutual funds and other investors have become increasingly reluctant to buy commercial paper, which is widely issued to provide vital funds for day-to-day business operations at many companies.  Reuters.com - Fed creates facility to buy commercial paper     http://www.reuters.com/article/email/idUSTRE4964S420081007  This service is not intended to encourage spam. The details provided by your colleague have been used for the sole purpose of facilitating this email communication and have not been retained by Thomson Reuters. Your personal details have not been added to any database or mailing list.  If you would like to receive news articles delivered to your email address, please subscribe at http://www.reuters.com/newsmails

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