"The Fed also said it will buy more mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac to help that battered market. The central bank will buy an additional $750 billion, bringing its total purchases of these securities to $1.25 trillion. It also will boost its purchase of Fannie and Freddie debt.
In addition, the Fed said a $1 trillion program to jump-start consumer and small business lending could be expanded to include other financial assets."
Wednesday, March 18, 2009
Will it End?
Bernanke: Fed will spend another $750 billion on mortgage-backed securities
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