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Fed Boosts Cash Auctions to $900 Billion, May Do More

The Federal Reserve will double its auctions of cash to banks to as much as $900 billion and is considering further steps to unfreeze short-term lending markets as the credit crunch deepens.

Webmaster's Commentary: 

The Fed can print up the "loanable" money it wants. NOBODY WILL BORROW IT BECAUSE THE HIGH PAYING JOBS NEEDED TO REPAY THE LOANS ARE GONE!

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Posted on Oct 06, 2008 at 12:52
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