WASHINGTON Nov 25 The U.S. Federal Reserve, in
another massive life-support intervention for the U.S.
financial system, on Tuesday announced a $600 billion program
to buy mortgage-related debt and securities and a $200 billion
facility to buy consumer debt securities,
The U.S. central bank said it would buy up to $100 billion
in debt issued by Fannie Mae, Freddie Mac, and the Federal Home
Loan Banks, the government-sponsored mortgage finance
The Fed also said it would buy up to $500 billion in
mortgage-backed securities backed by Fannie Mae, Freddie Mac,
and Ginnie Mae.
(Reporting by Mark Felsenthal, Editing by Chizu Nomiyama)