Budget Yourself - Finance, Budgeting, Business, Marketing

Stressed banks borrow record amount from Fed

July 31, 2008 – 10:45 pm NEW YORK (Reuters) - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.

Read the rest of the story...