"The Federal Reserve, invoking Depression-era power under 'unusual and exigent circumstances,' will buy 'commercial paper,' a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls."
Tuesday, October 07, 2008
Fed to buy massive amounts of short-term debts: Financial News - Yahoo! Finance
Fed to buy massive amounts of short-term debts: Financial News - Yahoo! Finance:
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