The Real Estate Wonk: More money from Fed - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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December 13, 2007

More money from Fed

Remember the reports about how the credit crunch has rippled beyond home mortgages to commercial financing and other parts of the economy?

The Chicago Tribune reports that in "a joint move with European central banks to ease the grip of a dangerous credit crunch, the Federal Reserve unveiled a new plan yesterday to pump billions of dollars into tightfisted U.S. banks so they will be more willing to lend to people, businesses and each other."

The Fed says it will lend $40 billion this month.

Posted by Jamie Smith Hopkins at 5:39 PM | Permalink | Comments (0)

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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