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by adad95
1193 days ago
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https://finance.yahoo.com/news/yellen-says-no-federal-bailou... "In a separate announcement, the Fed late Sunday announced an expansive emergency lending program that's intended to prevent a wave of bank runs that would threaten the stability of the banking system and the economy as a whole." "The Treasury has set aside $25 billion to offset any losses incurred under the Fed’s emergency lending facility." If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. |
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