Sunday, March 23, 2008

FED and the Bank of England denied the news about cooperation

Federal Reserve
From the Federal Reserve and the British bank denied the possibility for masked buying of obligations, financed with Amercian mortgages, with purpose to return the confidence to financial sector. In spite of this, the bankers in Great Britain announced that is possible to go to more aggressive purposes for managing with the mortgage crisis and the problems on the financial markets.
From the European Central Bank had refused to comment the case, announced Reuters agency.
The previous week, newspaper Financial Times wrote, that central banks from the two sides of Atlantic Ocean are trying to establish a large operation of buying all depreciated securities, which are in the basic of the financial crisis. This may repair the redit system and will return the confidence in financial system, but the US Dollar will continue to get cheaper.
"The central banks are trying to find the solution of the crisis situation", commented a speaker of the Bank of England. "Our institution will not go in risk situation, which may load up the taxpayers with the problems of trade banks", continued he.
From the federal Reserve answered, that they are not making any negotiations with foreign colleagues for coordinated buying of obligations financed with mortgage debt.

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