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Posted on March 18, 2009 | tags

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Biz, U.S.: Another attempt to jumpstart the economy by the Federal Reserve

Chairman Ben Bernanke said the Federal Reserve would buy back up to $300 billion in long-term government bonds. source

Bernanke also announced a plan to buy back up to $750 billion in bad mortgages. Together, that’s over $1 trillion. Whoa. source

Posted by Ernie Smith • Permalink

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