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By Scott Lanman
Nov. 28 (Bloomberg) — The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades.
Cash borrowing by Wall Street bond dealers from the Fed totaled $55.9 billion on [...]

WASHINGTON (Dow Jones)–Here are highlights of the “Emergency Economic
Stablization Act” of 2008:
-ASSET PURCHASES: The Treasury Department could purchase up to $700 billion in
troubled mortgages and other assets through a “Troubled Asset Relief Program” or
“TARP.” The $700 billion would be available in phases. The first $250 billion
will be immediately available to the Treasury secretary. The next [...]