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Posts Tagged ‘bank bailout’

Federal Reserve USA Bank Bailout Begins

Federal Reserve USA Bank Bailout Begins

The big banks won’t lend to each because they don’t trust that they would get paid back even 24 hours later, so the Federal Reserve has had to start supplying daily cash up to 75 Billion (with a B) to keep the USA banks afloat. It looks like the financial system will require such extreme [Continue]