Real estate blog entries tagged with federal reserve by Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist (Prudential California Realty)

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Home : Blogs : Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist : Charles' Thoughts : Tag "federal reserve"

federal reserve: Fed Announces First "Official" Bank Bailout - 03/14/08 03:48 PM

Most of us knew this sad day would come. The feds announced earlier today that it is going to bailout Bear Sterns with the assistance of JP Morgan Chase (Chase Manhattan).
Bear Sterns announced today that it has secured financing through the Federal Reserve Bank of New York with the assistance of Chase Manhattan, which is being used to funnel the cash to Bear Sterns. Chase Manhattan will not be responsible in case of default by Bear Sterns. According to Bear Sterns' CEO Alan Schwartz "our liquidity position in the last 24 hours has significantly deteriorated. We took this important step to … (1 comments)

federal reserve: Feds Give Banks More Money To Lend! - 01/04/08 09:04 PM

The Federal Reserve has started a new auction process to help ease the global credit crunch and give more money to the banks to lend out. The auctions will start on January 14th, and run every two weeks, rather than every three. The feds have increased the limits, although temporarily, to $30 Billion, up from $20 Billion.
You can read the full article on yahoo! here.
This should lower interest rates on mortgages and get banks to start funding loans. Lets all keep our fingers crossed!
… (3 comments)

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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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