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Reuters: Fed, central banks team up in bid to unstick markets

Started by dave, March 11, 2008, 05:01:02 PM

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dave

Fed, central banks team up in bid to unstick markets
      


WASHINGTON (Reuters) - The U.S. Federal Reserve and other central banks on Tuesday teamed up to get hundreds of billions in fresh funds to cash-starved credit markets, allowing financial firms to use home mortgages as collateral.
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