Unhappy Anniversary: ‘Banks Circling the Wagons’ as Credit Crunch Slogs On
As the credit crunch moves into its second year, a big concern for many observers is the fact that long-term rates have risen despite the Fed’s aggressive rate-cutting campaign.The Fed controls short-term rates, and its 325 basis points
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Posted on August 4th, 2008 by
Filed under: stock news
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