Friday, May 7th, 2010
The foreclosure crisis is hitting inner-cities hard as landlords default on mortgages in record numbers and foreclosures force tenants into the street. Boarded up apartment buildings have become common on impoverished city blocks while emergency shelters are swelling with mothers with children.source
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Thursday, May 6th, 2010
WASHINGTON (AP) _ With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.source
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Wednesday, May 5th, 2010
WASHINGTON | The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the country out of recession by lowering rates on mortgages and other consumer debt.source
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Monday, May 3rd, 2010
NEW YORK, March 19 — The US Federal Reserve yesterday stunned markets by announcing it would pump another US$1 trillion (RM3.7 trillion) into the ailing US economy by buying long-term government debt for the first time since the 1960s and by expanding its purchases of mortgage bonds. The Fed had ...
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Sunday, May 2nd, 2010
WASHINGTON: With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.source
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