| Friday, February
1, 2008, 7:00 AM PST |
|
WASHINGTON (AP) The
Federal
Reserve says it will provide $60 billion in fresh cash to
commercial banks in two auctions in February and will keep holding
auctions every other week for as long as needed.
| |
It must be really bad for the FED to be throwing almost everything. What
if all the FED's ammo is not good enough?
Two rallies today - YAHOO takeover rally and FED $60 billion rally - have
fizzled out, one hour into the trading day.
.
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