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Real Estate & Property Law

: Housing Wire

Northern Rock Lessons for the US

By DIANA GOLOBAY

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The Federal Reserve’s monetary policy, lender of last resort and supervisory functions are not only deeply interconnected, but essential for the Fed’s role in facilitating healthy financial markets, said William Dudley, president and CEO of the New York Federal Reserve. Dudley drew a lesson from the drawn-out restructuring plans of UK mortgage lender Northern Rock to [...]

Full post as published by Housing Wire on December 09, 2009 (boomark / email).

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