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Federal Reserve Moves to Bolster Liquidity; Will Take AAA-Rated Subprime RMBS as Collateral

Mar 11, 2008By

Amid growing concern regarding economic stability both here in the U.S. and abroad, the Federal Reserve on Tuesday announced a series of coordinated actions designed to pump up a financial market that has been roiled as of late by deleveraging, concerns over inflation, and fears that the U.S. housing slump will get significantly worse.

3d rendering of a row of luxury townhouses along a street

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