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SENATE BANKING Committee Chairman Christopher J. Dodd (D-Conn.) insists the ambitious draft financial regulation bill that he unveiled Tuesday is not about Fed-bashing. Yes, it would transfer the Fed's consumer protection... more ›› |
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| Should the Fed begin raising rates and extracting excess reserves? In late 2008, our minders diagnosed a credit crunch prescribing massive liquidity injections to make credit flow again. Unfortunately, the credit crunch was more... more ›› |
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