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Archive Home > 2008 > September > 18 > For ailing Wall Street, the Fed becomes investor of last resort

For ailing Wall Street, the Fed becomes investor of last resort

By Edmund L. Andrews / The Bulletin
September 18, 2008

WASHINGTON — The mighty Federal Reserve is being stretched to its limits, both in the range of problems it is being asked to fix and in its financial firepower.

The central bank has also transformed itself almost overnight into The Fed, Inc. by essentially taking over American....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.