FED to Purchase U.S. Commercial Paper to Ease Credit Crunch
Tuesday, October 7th, 2008Fed to Purchase U.S. Commercial Paper to Ease Crunch (Update1) By Craig Torres Oct. 7 (Bloomberg) -- The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding for corporations. The Treasury will make a deposit with the ...