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Fed pledges to supply cash using Depression-era procedure

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The Federal Reserve invoked a rarely used Depression-era procedure Friday to bolster troubled Bear Stearns Cos. and said it will provide even more help to combat a serious credit crisis.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): 1929 Or Great Depression; Credit; Crisis; Depression; Global Financial Panic 2007, Add Tags

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