washingtonpost.com - 11/25/2008
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Washington Post Staff Writer Tuesday, November 25, 2008; 9:46 AM The Federal Reserve and Treasury moved today to boost consumer spending and lower home mortgage rates, committing up to $800 billion to make it easier for households to borrow money for cars, tuition bills and new homes as part of ...
online.wsj.com - 11/25/2008
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online.wsj.com —
Treasury Secretary Henry Paulson, seeking to ease strains
in the consumer credit market, plans to announce Tuesday...
the formation of a program to increase the availability of auto loans, student loans and credit cards, according to people familiar with ...
(more)
New Facility Targets Consumer Lending
online.wsj.com - 11/25/2008
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online.wsj.com —
The Fed stepped up its efforts to support
strained credit markets through new programs backed by Treasury...
aimed at boosting consumer credit and the market for mortgage-backed securities. (Statements)
(more)
New Facility Targets Consumer Lending
Comments
Blog Reactions
Hugh Hewitt: Restarting the Housing Market
Townhall.com Blog's TownHall Blog —
This is very good news : In addition to consumer spending, the Fed announced it would buy up to $100 billion in mortgages held by Fannie Mae, Freddie Mac and the Federal Home Loan Bank in an effort increase the flow of money into the housing markets and lower interest rates. The Fed may also buy another $500 billion in bundles of mortgage backed securities issued by the agencies. The aim of the program is to "reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved conditions in financial ...
Hugh Hewitt: Restarting the Housing Market
Hugh Hewitt's TownHall Blog —
This is very good news : In addition to consumer spending, the Fed announced it would buy up to $100 billion in mortgages held by Fannie Mae, Freddie Mac and the Federal Home Loan Bank in an effort increase the flow of money into the housing markets and lower interest rates. The Fed may also buy another $500 billion in bundles of mortgage backed securities issued by the agencies. The aim of the program is to "reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved conditions in financial ...
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