Thursday, September 25, 2008

U.S. financial institutions borrowed a record $187.75 billion per day

NEW YORK (Reuters) - U.S. financial institutions borrowed a record $187.75 billion per day on average directly from the Federal Reserve in the latest week, showing the central bank went to extremes to keep the financial system afloat amid the biggest crisis since the Great Depression.    http://www.reuters.com/article/ousiv/idUSTRE48O98920080925