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IPFS News Link • Federal Reserve

NY Fed begins purchasing mortgage securities

1-5-2009 • AP

The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

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Reported By Powell Gammill

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1 Comments in Response to NY Fed begins purchasing mortgage securities

Comment by Ernest Hancock

Entered on: 1/5/2009 2:44:57 PM

(And here is the WHY!)

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NY Fed begins purchasing mortgage securities

1 Comments in Response to NY Fed begins purchasing mortgage securities

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