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September 22, 2008

All Business: Uncle Sam's bold steps come at big cost

  • Some investors are worried about what the Fed's actions lately say about U.S. financial health.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — These are momentous times in the financial markets. That's why the Federal Reserve has been taking extraordinary steps to stabilize financial conditions — even to the point of stretching its own finances.

    The central bank has been generously using taxpayer dollars to bail out ailing financial firms and keep liquidity flowing in the battered marketplace.


     
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