A Fool and His Money

In an attempt to relieve some of the pressure from the recent credit crisis the worlds largest banks have come together to inject some money into money markets.

The US Federal Reserve , the European central bank and central banks in UK, Switzerland and Canada will all offer their financial support. This will enable the banks to offer cheaper funds and encourage a bit more borrowing.

The dollar has now bounced back against the Euro after a record low.

Many believe that this is just short term solution and question as to whether this was give the nervous credit markets their confidence again.

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