D
Deleted member 4644
What does it mean when I read this in the news:
"The Federal Reserve today added $19 billion to the system through the purchase of mortgage-backed securities, then $16 billion in three-day repurchase agreements. The Fed also added money on Thursday.
...
Fears of a shortage of money available to banks meeting demands for funds by investors as they sold assets prompted the Fed to add $24 billion in reserves to the banking system Thursday. "
Does it mean they are basically bailing these companies out or what?
"The Federal Reserve today added $19 billion to the system through the purchase of mortgage-backed securities, then $16 billion in three-day repurchase agreements. The Fed also added money on Thursday.
...
Fears of a shortage of money available to banks meeting demands for funds by investors as they sold assets prompted the Fed to add $24 billion in reserves to the banking system Thursday. "
Does it mean they are basically bailing these companies out or what?