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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.Fed Aids Foreign Money Markets
From the Associated Press via Yahoo! News: "Fed plows $30 billion in money markets overseas," by Jeannine Aversa--
The Federal Reserve, in coordinated action with foreign central banks, plowed $30 billion into money markets overseas Wednesday, part of an ongoing effort to fight a global credit crisis.
The Fed's action -- taken at 1 a.m. EDT -- sets up temporary "swap" arrangements to supply dollars to the central banks of Australia, Denmark, Norway and Sweden in exchange for their currencies.
--Posted by Edwardsville Illinois personal injury lawyers and the Alton Illinois truck accident attorneys of Schaeffer & Lamere, P.C., handling Illinois car accident, Illinois personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.
Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on September 24, 2008 (boomark / email).
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