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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: SockpuppetDoug who wrote (70543)10/7/2008 3:18:51 AM
From: Elroy Jetson1 Recommendation   of 74559
 
That's quite within the Fed's charter.

This is not really, except with a tortuous reading of what they're permitted in an emergency.

nytimes.com

The underlying problem is you can't fix the problems caused by excessive debt, relative to income, by creating even more debt. What is being attempted is insane.

It will make the problem far worse.
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