Haecus’s Weblog

Sat 29 Mar 2008

The Federal Reserve — A Bottomless Pit of Cash and Protector of Wall Street

***The Fed has made a special lending facility — essentially a bottomless pit of cash — available to large investment banks for at least the next six months. Even if that program is allowed to expire this fall, the Fed’s actions will have lasting impact, economists and Wall Street veterans said***

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/27/AR2008032703662_pf.html

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