Not only is the Fed cutting their lending rate on Monday, they're going to accept mortgage-backed securities as collateral for loans to banks at least 6 months. Additionally, they are providing $30 Billion financing to JP Morgan for their $236 Million purchase of Bear Stearns- to accommodate for the bad loans & riskier securities.
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4-25-2024
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They're saying F-U to Congress, essentially read more | digg story
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