Yes I Said The News

The Federal Reserve kept its interest rate near 0% today, and they are ready to do its part to help with the recovery of the U.S. economy and credit markets. They are willing to purchase longer term treasuries to help credit to start flowing again. If this is done, it can help lower the yield on the government bonds and lower some loan rates.

The Federal Reserve??? Well...its the Federal Reserve System, which serves as the nation's central bank, was created by an act of Congress.The primary motivation for creating the Federal Reserve System was to address banking panics

Treasuries?
Negotiable U.S. Government debt obligations, backed by its full faith and credit. Treasuries are issued by the U.S. government in order to pay for government projects. The money paid out for a Treasury Bond is essentially a loan to the government. As with any loan, repayment of principal is accompanied by a specified interest rate.


Vote Expected tonight for Stimulus Plan, Republican's say they will vote no. Sigh, I hope they fool us all by tonight!