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Post by unlawflcombatnt on Aug 22, 2007 11:20:53 GMT -6
from Yahoo News: Investors gauge Fed's plans as ECB acts againBy Mike Peacock 8/22/07 The European Central Bank plans another $40 billion liquidity injection on Thursday, 8/23/07." Investors weighed up on Wednesday the prospects of a near-term U.S. rate cut to calm a financial storm stemming from America's faltering home loan sector, as the European Central Bank moved to soothe money markets again.
Indicating liquidity problems were far from over, the ECB said it would hold a tender to add 40 billion euros in 91-day funds to the euro money market on Thursday -- "a technical measure aimed at supporting the normalisation" of the market...."
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Post by jeffolie on Aug 23, 2007 9:42:13 GMT -6
I noticed that the German bank system is 'bailing out' their banks. Also, the Eureopeans as opposed the the Americans, are bailing out more of their collapsing hedge funds, but not all of their hedge funds.
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