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Ought oh...........
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....."The Treasury Department, for the first time in its history, said it would begin selling bonds for the Federal Reserve in an effort to help the central bank deal with its unprecedented borrowing needs.
Treasury officials said the action did not mean that the Fed was running short of cash, but simply was a way for the government to better manage its financing needs. ....."
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Unprecedented ... Is the Fed is out of money?????? Has anyone been keeping track of what they had left in reserves?
Last edited by Rickm505; 09-17-2008 at 09:30 PM.
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