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1-3 Minute Gist

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The Fed's Job

Wall Street Journal Original article ›

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LyrArc Article Gist
Brian Wesbury puts together some math as to the estimated cost of the subprime mess. Agrees on what the Bernanke Fed has done. Sees need not for liquidity in the system but concedes need for it to prevent seizure in credit markets, and sees need for more certainty and confidence in the long run.


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