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IPFS News Link • Economy - Economics USA

Fed to Lend Up to $540B to Help Money Market Mutual Funds

10-21-2008 • Washington Post

The Fed said it will lend up to $540 billion to new special entities that will stand ready to buy up that short-term debt from money market mutual funds. The central bank is relying, as it has repeatedly this year, on a Depression-era authority that

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