Credit Crunch Resolution Continues
Abstract:
After restoring liquidity at commercial banks with massive cash injections to keep credit flowing to business, the FRB cleaned up the inventory at investment banks and will now turn to getting hedge funds to write down their bad assets.
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After restoring liquidity at commercial banks with massive cash injections to keep credit flowing to business, the FRB cleaned up the inventory at investment banks and will now turn to getting hedge funds to write down their bad assets.