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Unusual & Exigent Circumstances

babbazeesbrain.blogspot.com » 2008 » October » 7th » Unusual & Exigent Circumstances

The Doors ~ Strange Days TODAY: Fed to Buy Massive Short Term Debt The Federal Reserve on Tuesday announced it would buy up massive amounts of short term debt in another attempt to free up a credit logjam that is endangering the economy. Invoking Depression-era powers, the Fed said it would buy "commercial paper," a short-term financing mechanism that many companies rely on to finance day-to-day … Continue Reading »

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