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IPFS News Link • Economy - Economics USA

Greenspan: Don't use Fed as a 'magical piggy bank'

9-5-2008 • AP

Troubled by the Bear Stearns debacle, former Federal Reserve Chair is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.

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Reported By Powell Gammill

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Greenspan: Don't use Fed as a 'magical piggy bank'

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