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Fed and central banks team up to unstick markets
(Reuters)
http://news.yahoo.com/s/nm/20080311/bs_nm/usa_fed_liquidity_dc]Fed and central banks team up to unstick markets (Reuters)[/URL]
Reuters - The U.S. Federal Reserve and other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans.
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