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Fed, ECB offer aid to global financial systemQuote:
NEW YORK (CNNMoney) -- Europe's hurting for cash, and central banks around the world are stepping in to give it a boost.
The Federal Reserve, along with five other central banks, acted Wednesday to make it cheaper for banks around the world to borrow U.S. dollars.
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Why do we want to led other countries who are having trouble staying afloat our money?
Check your stock portfolio today...there's your first hint.Quote:
Originally Posted by WNYresident
And you point? One day of gains and then what? The dow has been hovering between 11,000 to 12,000 for a while now.
By lending money it is enabling bad practices to continue. Wouldn't you agree?
Why not let "rich" entities lend them money and leave "our" money that we are on the hook for out of it?