Thursday, September 18, 2008

ARTICLE ON CENTRAL BANKS' INTERVENTION

Central banks aim to boost liquidity Fed provides additional $180 billion for short-term dollar auctions By William L. Watts, MarketWatch Last update: 7:40 a.m. EDT Sept. 18, 2008Comments: 156LONDON (MarketWatch) -- The world's biggest central banks moved Thursday to inject massive amounts of liquidity into the financial system in a bid to alleviate extreme distress in short-term, dollar-denominated money markets. http://www.marketwatch.com/news/story/central-banks-flood-credit-markets/story.aspx?guid=%7B94F2A55B%2D5E97%2D4445%2D89EA%2D3E10D4B7D733%7D