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Fed: Responsibility Still For Little People

firedoglake.com » 2008 » July » 8th » Fed: Responsibility Still For Little People

Tagged: economics

Seems the Fed may not be ending those temporary loan facilities yet. Shorter Fed: What, you were stupid enough to think there was even the smallest chance that we wouldn't extend the lending facility where we take in securities so worthless that no one in the private sector would buy them, and lend back grade-A securities worth 99 cents of the face value Wall Street can't get from anyone else? Continue Reading »


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