Replies to post #647 on NYSE Euronext (NYX)

[Not_Bill_Oneil]

I mentioned a couple of the Fed's

planned actions, the larger ones. TARP (Troubled Asset Relief Program) and MMIFF (Money Market Investor Funding Facility). I forgot one - the CPFF. That's the Commercial Paper Funding Facility.

The Fed stated that $1.3 Trillion, with a T, of CP would be eligible for this program which will begin Monday.

Why is this one important? It's to help keep businesses running smoothly the rest of this year and next year basically (and not get a much bigger spike in unemployment down the road).

Our financial system is much more diverse now than in previous crisis. Money for corporations is raised from many sources other than banks now - venture capitalists, IPO's, secondaries, and the commercial paper market, as well as banks and other more standard institutional sources.

The CP market has been one of the many problems especially the last couple of months. This will help.