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1.4 trillion by the fed

Fed Commits to Buy up to $1.45 Trillion of Mortgage Debt

by Moe Bedard

For the first time in recent memory the markets seem to be rebounding from record losses. In an effort to continue the sustained improvement of the economy the Fed recently announced a plan to buy $300 million in T-Bills and as much as $1.45 trillion of toxic mortgage debt. The plan is aimed to get [...]

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