Federal Reserve 800 Billion Dollar Consumer Loan And Bond Plan
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new $50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation (FDIC) program. Part of the announcements included temporary exceptions to section 23A and 23B (Regulation W), allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board. The Securities and Exchange Commission announced termination of short-selling of 799 financial stocks, as well as action against naked short selling, as part of its reaction to the mortgage crisis.
Read more about Federal Reserve 800 Billion Dollar Consumer Loan And Bond Plan: Market Volatility Within US 401(k) and Retirement Plans, Loans To Banks For Asset-backed Commercial Paper, Federal Reserve Lowers Interest Rates, Legislation, Federal Reserve Response
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“If the federal government had been around when the Creator was putting His hand to this state, Indiana wouldn’t be here. It’d still be waiting for an environmental impact statement.”
—Ronald Reagan (b. 1911)
“If a walker is indeed an individualist there is nowhere he can’t go at dawn and not many places he can’t go at noon. But just as it demeans life to live alongside a great river you can no longer swim in or drink from, to be crowded into safer areas and hours takes much of the gloss off walking—one sport you shouldn’t have to reserve a time and a court for.”
—Edward Hoagland (b. 1932)
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—Frank Marshall Davis (b. 1905)
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—Henry David Thoreau (1817–1862)
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—John Berger (b. 1926)
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—Titus Livius (Livy)
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—Alexander Pope (1688–1744)