This is another weapon in the arsenal of governments aimed at boosting confidence. Hopefully it will help market sentiment, stop banks from hoarding cash and start greasing the wheels of the financial economy.
~ Joshua Williamson, senior strategist at TD Securities, "U.S. stock futures higher on Buffett's Goldman buy," MarketWatch, September 24, 2008
(This morning the central bank added $30 billion to the flood of dollars it is pumping into global markets. The new funds came in the form of new currency-swap agreements with central banks in Australia, Norway, Sweden and Denmark. The agreements allow those banks to trade their currencies for dollars.)