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  1. 09-30-2008, 08:18 AM #1
    zeezil
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    Fed takes fresh steps to battle credit crisis

    Fed takes fresh steps to battle credit crisis
    Action intended to ‘expand significantly’ the availability of cash

    updated 6:17 p.m. ET, Mon., Sept. 29, 2008
    WASHINGTON - The Federal Reserve and foreign central banks moved Monday to pump billions of dollars to cash-strapped banks at home and abroad in a dramatic bid to break through a credit clog and spur lending.

    The Fed said the action is intended to “expand significantlyâ€
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  2. 09-30-2008, 09:06 AM #2
    jimpasz
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    Moving to Other Topics News and Issues
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