Good Times

by Frederick

Fed efforts don’t help lift stock markets

Central bank announces plans to buy massive amounts of corporate debt

NEW YORK – Wall Street sank into a deeper depression Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way to concerns about financial companies’ balance sheets. Trading remained fractious, with the Dow Jones industrial average losing more than 300 points.

-Tighten that belt another notch, Citizen.