The cavalry |
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In a dramatic climax to a week that has marked the end of the financial world as we knew it, US policymakers announced they have agreed on the rapid launch of a plan to take impaired assets off the balance sheets of troubled financial institutions. This will be supported by measures to ensure deposits in money market funds and to temporarily stop short selling of financial institutions shares. Faced with a systemic collapse in confidence in the financial system, policymakers are now responding
Filed under: Fundamental
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