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09-30-2008, 04:31 PM #1
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Fed injects 700 billion anyway
Fed takes fresh steps to battle credit crisis
Action intended to ‘expand significantly’ the availability of cash
updated 1 hour, 42 minutes ago
WASHINGTON - The Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system Monday to unlock tight lending that threatens to unhinge the U.S. economy.
The Fed said the action is intended to “expand significantlyâ€
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