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Kohn Signals Wall Street May Get Permanent Access to Fed Loans

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Federal Reserve Board Vice Chairman Donald Kohn raised the possibility of giving Wall Street securities firms permanent access to loans from the central bank, as long as regulators tighten oversight of the companies. In addition, central banks are considering arrangements to accept collateral from other countries denominated in other currencies, Kohn said.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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