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| Permalink View Article Stats (4 comments) Fed Leaders Ponder an Expanded Mission Quicklink submitted by Sheila Samples (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| With its March 14 decision to make a special loan to Bear Stearns and a decision two days later to become an emergency lender to all of the major investment firms, the central bank abandoned 75 years of precedent under which it offered direct backing only to traditional banks. |
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