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Commercial News
10/7/2008 6:40:52 AM EST
Commercial & General Business Transactions Staff
Fed to provide as much as $900B in loans to banks
WASHINGTON – (AP) The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.
 
The Fed's action is aimed at spurring spooked financial institutions . . . .
 
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