Forex - Central banks unite to ease liquidity freeze as the dollar tumbles, WallStreet saga continues. - Forex Forum

 
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> Forex - Central banks unite to ease liquidity freeze as the dollar tumbles, WallStreet saga continues.
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post Sep 18 2008, 1:00
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The equity markets continue to squirm as uncertainty in the future of AIG and Wall Street’s financial giants continues to plague global sentiment in the sector.A selection of central banks (BoJ, ECB, BoE, BoC and the SNB) around the world have agreed to pool an $180Bn infusion into markets to provide much needed liquidity. The fed has authorized the auction in a bid to jumpstart the stagnant credit markets in the wake of the Lehmans debacle, as fears of more bank failures would come to light before the end of this crisis.

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