Saturday, March 22, 2008

Wall Street takes advantage of emergency Fed lending program - Mar. 20, 2008

Interesting story from CNN/MoneyWall Street takes advantage of emergency Fed lending program - Mar. 20, 2008: "...Wall Street investment companies are taking advantage of the Federal Reserve's unprecedented offer to secure emergency loans, the central bank reported Thursday....Those large firms averaged $13.4 billion in daily borrowing over the past week from the new lending facility....This

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