Earlier in the week I jokingly suggested that the federal government was limiting itself to one financial industry bailout per day. Well, that was sure wrong.Let’s review the week so far:The Fed announced it will lend even more to financial institutions (many of them not under the Fed’s regulatory authority) in exchange for even more dubious collateral than before. This allows everyone to continue to pretend that the collateral, such as some subp[...]
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[Source: The Money Blogs]
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