Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Looks like it's getting bad over there..the Fed opened a credit line to Europe.
The article doesn't say how much the Fed is pledging..but their balance sheet right now is $2.3 trillion and they had just shut it down to start getting back the money.
Several other countries have jumped in as well offering lines of credit to Europe.
Federal Reserve opens credit line to Europe - Yahoo! News (http://news.yahoo.com/s/ap/20100510/ap_on_bi_ge/us_europe_financial_crisis_fed - broken link)
Looks like it's getting bad over there..the Fed opened a credit line to Europe.
The article doesn't say how much the Fed is pledging..but their balance sheet right now is $2.3 trillion and they had just shut it down to start getting back the money.
Several other countries have jumped in as well offering lines of credit to Europe.
Federal Reserve opens credit line to Europe - Yahoo! News (http://news.yahoo.com/s/ap/20100510/ap_on_bi_ge/us_europe_financial_crisis_fed - broken link)
Well it seems that they are just bolstering the economy of the world for a little bit to keep us from panicking, but down the road we are headed for what Greece is facing.
Oh wait, Obama wasn't President then . . . silly me, how stupid.
Who is saying it's okay? Why do you believe that because it's Obama's administration doing the same thing as the previous administration that it's all great now?
Who is saying it's okay? Why do you believe that because it's Obama's administration doing the same thing as the previous administration that it's all great now?
It's called sarcasm.
Aside from that, "trading dollars" has been the way to stabilize currencies and economies for as long as memory serves me. I've never understood how it works and I'm reasonably certain most others do not either.
OP, we've been involved with the euro crisis and what has been happening through the IMF.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
