Federal Reserve and Credit Crunch
Vincent Reinhart talked about the Federal Reserve announcement this week of a plan designed to ease the credit crunch by giving banks more… read more
Vincent Reinhart talked about the Federal Reserve announcement this week of a plan designed to ease the credit crunch by giving banks more security to lend funds. He explained the central bank’s unprecedented plan to swap bonds for mortgage-backed securities. He also talked about the administration’s new proposal for mortgage brokers. He responded to viewer telephone calls. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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