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phixion
09-16-2008, 11:49 PM
http://news.bbc.co.uk/1/hi/business/7620127.stm

The BBC doing a good job reporting innacurate information.

"The US Federal Reserve has announced an $85bn (£48bn) rescue package for AIG, the country's biggest insurance company, to save it from bankruptcy."

Those bankers pulled a clever stroke calling it the Federal Reserve.

Pete

TastyWheat
09-17-2008, 08:46 AM
Did the Federal Reserve need authorization for this [from an elected official]? I assume they didn't.