The Federal Reserve announced Tuesday that it would help finance purchases of up to $600 billion in assets of money market mutual funds that have been hit with redemptions by investors.
Faith, just wondering when the spending of her tax dollars will end. I would much prefer to give my money to the people at the bottom of the ladder. And no, there is no such thing as the trickle down economy. It didn’t work then … and it ain’t going to work now.
http://dealbook.blogs.nytimes.com/2008/10/21/fed-to-help-buy-assets-of-money-market-funds/
God Bless
Faith