What Does "Fed Pumps $68 Billion into Banking System" Actually Mean?

by Devvy Kidd

Last week saw a bucking bronco ride in the stock market. The American people read headlines such as: Fed vows, then pumps massive funds to calm markets and Fed's $38 billion helps markets. I have written many columns the past several years as have hundreds of others warning of the coming financial tsunami. Far too many people scoffed at all the warnings, continued to rack up massive debt and pursued the American dream of owning their own home when their financial portfolio and credit history simply could not float the big boat they were taking out into the ocean. The first of the dominos began to......

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