Fed Extends Brokerage Rescue Deal

In another move to save the finances of almost every man, woman, and child in the US, the Fed has accounced that it will extending a credit facility that it provides for primary dealers in one of several steps to boost liquidity in stressed financial markets.

According to the AP, The Fed said the program, where investment houses can tap the central bank for a quick source of cash, will now be available through Jan 30.

Douglas A. McIntyre