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Archive for September 30th, 2008

…Could that possibly be because of the $630bn Paulson infused into the global market? It doesn’t seem like anyone is connecting these dots.
Stocks rallied Tuesday afternoon as investors scooped up shares battered in the bloodletting that followed Congress’ failure to pass a $700 billion bank rescue plan.
Instead, the plunge is being called Wall Streets cry, [...]

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The Fed is sidestepping Congress, and is infusing $630 bn into out financial system.
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to [...]

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