commercial paper market
Understanding the Mess We’re In
By Mary Kane 10/7/08 9:35 AM
The Federal Reserve is considering some aggressive steps to unlock lending, including buying large amounts of unsecured short-term debt, The New York Times says today. That’s the money that companies regularly use to run their everyday operations.
When it seizes up, so does the rest of the economy. And that’s close to what’s happening now.
Now that [...]
© 2008 The Washington Independent
