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First Buzzed By: keitholdcanberra

Fed auctions $75 billion to ease credit stresses

Submitted: Jul 1, 2008 - The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.

The central bank on Tuesday released the results of its most recent auction — the 15th since th...

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