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Fed Pledges Top $7.4 Trillion to Ease Frozen Credit (Correct)
BombTrack says,
Yikes...It seems this is just getting worse and worse.
Article excerpt from bloomberg.com —
"Nov. 24 (Bloomberg) -- The U.S. government is prepared tolend more than $7.4 trillion on behalf of American taxpayers, orhalf the value of everything produced in the nation last year, torescue the financial system since the credit markets seized up 15months ago.
The unprecedented pledge of funds includes $2.8 trillionalready tapped by...
Read the full article at bloomberg.com »
Read the full article at bloomberg.com »
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