News

March 22, 2008

BoE, Fed deny mortgage security buyout plan (Reuters)

Filed under: Real Estate — Admin @ 8:04 pm

The Bank of England building is seen in central London March 20, 2008. (Toby Melville/Reuters)Reuters - The Federal Reserve and Bank
of England denied a report on Saturday that they were in talks
over possibly using public funds to make mass purchases of
mortgage-backed securities to ease the global credit crisis.

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