OTCPK:NGMBF - Post by User
Post by
Perform4uon Oct 13, 2008 7:22am
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Post# 15522491
The World Working Together
The World Working TogetherGood to see that (G7) Finance Ministers have discussed measures on how to help/solve the economic crisis ...
The U.S. Federal Reserve led an unprecedented push by central banks to flood financial markets with dollars, backing up government efforts to restore confidence in the banking system. Policy makers from the G7 nations pledged at the weekend to take ``all necessary steps'' . Central banks last week cut interest rates in tandem for the first time since 2001, the U.S. plans to buy $700 billion in distressed assets from banks and in Europe, the U.K. is leading a push to keep lenders afloat with taxpayers' money.
This is definitely another welcome measure,
Happy Thanksgiving
perform4u