Relevant:
- Ben Bernanke Before the Joint Economic Committee (JEC) – He is Between a Rock and a Hard Spot
- Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve
- The Fed and other central banks stepping in with huge coordinated liquidity measures
- Fed aims to ease credit strains with cash auction
- A crack emerges in financial markets: The New York Fed spends $53 billion to rescue the overnight lending market
2007-12-13 — bloomberg.com
'The Federal Reserve's coordinated response to the global credit crisis is aimed more at easing strains in financial markets than at averting an economic slump.'
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