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Wednesday, January 30, 2008

Fourth Credit Auction held by Federal Reserve

$30 billion in funds to commercial banks at an interest rate of 3.123 percent was auctioned off by the Federal Reserve yesterday. This is the fourth auction held over the last two month to combat the credit crisis...and it seems to be working according to the AP.

Read Here: http://www.lasvegassun.com/news/2008/jan/29/fed-holds-fourth-credit-auction

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