Tuesday, March 03, 2009

Here Comes The Credit

Maybe. Unless it comes with strings attached like those from the credit cards we have. Skyrocketing interest rates, late fees, and over-limit fees. I'm headed back to cash.

Fed Launches Program to Stimulate Consumer Credit

The Federal Reserve rolled out program today geared towards ”boosting the availability of credit to consumers and small businesses.” The Fed will lend up to $200 billion to spur consumer lending — for autos, education, credit cards and other things. The bold program, dubbed the Term Asset-Backed Securities Loan Facility, was first announced late last year and [...]


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