Fed steps in again

(01:38) Report

Oct. 7 - The Federal Reserve will begin buying commercial paper in a special measure aimed at restoring confidence in another bruised market.

Demand for commercial paper, used as a mechanism for short-term corporate borrowing, recently dried up with traditional money market lenders spooked by the growing credit crunch. Conway Gittens reports from New York.

Speakers: Vin Mather, Wall Street worker; Rick Pfeiffer, Wall Street worker

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