Fed Opens Yahoo Lending Facility

Amusing stuff, via Barry Ritholtz: "In response to recent events Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create Yahoo Lending Facility (YLF) to avoid significant stock market disruption and to support Yahoo! Inc shares. Yahoo! Inc and its authorized agents will be able to borrow from the facility to support stock price. …
Fuente Original

  4 May, 2008| Economy | @ 10:28

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