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IPFS News Link • Federal Reserve

6.875% Libor rate may signal a crash and disaster for resetting ARMs

9-30-08 • BigPicture.typepad.com

Credit markets have seized up, tipping lenders toward insolvency and forcing U.S. and European governments to rescue five banks in the past two days, including Dexia SA, the world's biggest lender to local governments, and Wachovia Corp.

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6.875% Libor rate may signal a crash and disaster for resetting ARMs

FreedomsPhoenix.com