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Fed Expands Securities Lending - Markets Shoot Up

Article Submitted by: finblogger
The Economy

Tags: Mortgage, Lending, Fed, Banks, Securities, Federal, Reserve, Central, Backed.

In a move co-ordinated with three European central banks and the Bank of Canada, the Federal Reserve expanded its securities lending to enable bond dealers to brrow upto $200 billion of treasurys against mortgage backed securities.

Submitted: Mar 11, 2008 Views: 280 Comments: 0 Likes: 1

View Article: http://www.money-rx.com/blog/2008/03/fed-eu-central-banks-expand-se...

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