The Fed Prepares the Bailout Bucket (Seeking Alpha via Yahoo! Finance)

Story date: 2007-08-20 11:31:03
Added on: 2007-08-20 13:35:03

Markham Lee submits: The big news on Wall Street Friday was that the Fed cut the discount rate. From Bloomberg: The Federal Reserve unexpectedly cut its discount rate and said it's prepared to take further action to "mitigate'' damage to the economy from the rout in global credit markets.


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