The Federal Reserve and Treasury Department on Tuesday unveiled hundreds of billions more in money they are pumping into the struggling U.S. economy, trying to jumpstart lending by the nation's banks for mortgages and consumer debt.
Together, the programs from the Federal Reserve and the New York Fed aim to dump $800 billion in additional funds into the struggling U.S. economy, more than Congress approved in October for a bailout of the nation's banks and Wall Street firms.
By putting that money in the hands of holders of consumer and mortgage loan securities, the government hopes more money will flow to consumers than has occured so far in previous bailout plans.
But the program to make $200 billion available for a range of consumer loans - including credit cards and car loans - likely won't be up and running until February. Government officials briefing reporters couldn't say how much additional credit the program might make available to consumers in time to feed purchases for the holiday shopping season.
That $200 billion aimed at spurring consumer borrowing will come from the Federal Reserve Bank of New York, which will lend that money to holders of securities backed by consumer debt, such as credit card debt.
Я уже начинаю придерживаться теории заговоров, от "нагадить Обаме" и до "обкусать Fed-y полномочия, собственно, за что Кеннеди и убили". Но при любой версии у меня уже убежденность, что происходит все по сценарию, которого я не читал и развязка будет в конце, причем со всем зрительным залом.
