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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (208247)12/6/2002 5:55:54 PM
From: Wyätt Gwyön  Read Replies (1) of 436258
 
he didn't threaten to buy stocks. but Bernanke did say they could give banks zero-percent 180-day loans and accept things like commercial paper as collateral. Jim Grant had an extensive commentary on Bernanke's talk in the latest issue of Grant's Interest Rate Observer, and it was also covered in last week's Credit Bubble Bulletin.
you can access the speech here: www.federalreserve.gov/BoardDocs/speeches
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