What Is Commercial Paper And Why Is The Federal Reserve Suddenly Buying It?

What Is Commercial Paper And Why Is The Federal Reserve Suddenly Buying It?

The Federal Reserve today announced the creation of something called the Commercial Paper Funding Facility (CPFF), that will buy commercial paper directly from issuers. So, you’re asking yourself, what is commercial paper? Why do I care that the Federal Reserve is buying it?

http://consumerist.com/2008/04/02/bankrate-offers-some-advice-for/

Bankrate offers some advice for those of you suffering from the dreaded frozen HELOC. [Bankrate]