November 25, 2008
Treasury Secretary Henry Paulson has unveiled the federal government's next round of moves to get credit flowing again, save the economy and make the nation safe for Thanksgiving. The newest plan calls for the Federal Reserve to soak up $600 billion of mortgage-backed assets and $200 billion in consumer debt.
From NPR:
Paulson said the program is just a starting point: "It is going to take awhile to get this program up and going, and then it can be increased over time."
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