U.S. re-vote 800,000,000,000 U.S. dollars to stimulate consumption

U.S. Federal Reserve Board and the Ministry of Finance announced Tuesday, will be struggling in the recession of the American people an additional total of 800,000,000,000 U.S. dollars of investment credit in the hope of boosting consumer credit, mortgage loan guarantees, as well as the stock market. The program even more than the size of the National Assembly in October adopted by the rescue package. The Fed said it would create a new credit instrument to support the consumer credit and mortgage securities market security. The "regular asset-backed securities lending tool" program, which will be from small business loans and consumer loans in support of the holders of asset-backed securities to provide up to as much as 200,000,000,000 U.S. dollars of non-recourse loan. U.S. Treasury Department will also provide the corresponding 20,000,000,000 U.S. dollars of funds in support of the Federal Reserve's plan. "Because they can not provide enough consumer credit, consumers afraid to spend money, which has also weakened our economy," U.S. Treasury Secretary Paulson in Tuesday's press conference, "We hope that more cash flows to the consumer Hands. " However, this will allow 200,000,000,000 U.S. dollars for a variety of consumer loans - including auto loans and credit cards - may be in February next year will not be up and running. Government officials could not confirm Tuesday the number of credit guarantees can be made available to consumers in a timely manner to enable them to the end of this year's holiday shopping season to go shopping. In addition, the Federal Reserve will also invest another 600,000,000,000 U.S. dollars for the increase in mortgage loans. Federal Reserve from the three major government-sponsored mortgage companies: Freddie Mac (FannieMae), Fannie Mae (FreddieMac) and the United States and Geely (GinnieMae) in the hands of the purchase of up to a maximum of 500,000,000,000 U.S. dollars of mortgage-backed bonds, in order to promote self-residents Housing purchase. Another 100,000,000,000 U.S. dollars will be used to directly purchase of the three major debt held by the company itself.