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IPFS News Link • Economy - International

Why did the Fed provide $180B to overseas banks?

09-18-2008 • Forbes

WASHINGTON - The Federal Reserve on Thursday nearly quadrupled the dollars it provides to foreign central banks as part of a coordinated effort to inject liquidity into the global financial system. (WTF????)

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Reported By Ernest Hancock

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1 Comments in Response to Why did the Fed provide $180B to overseas banks?

Comment by Ron Moss

Entered on: 9/19/2008 8:08:01 AM

Maybe a little more WD-40 would do the same thing.

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Why did the Fed provide $180B to overseas banks?

1 Comments in Response to Why did the Fed provide $180B to overseas banks?

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