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Wall St Banks 'Hooked on Emergency Funds Scheme'


Business  (tags: bank, investment firms, banks, economy, FED, federal reserve )

Ben
- 4117 days ago - guardian.co.uk
Fears are mounting that Wall Street banks are relying too heavily on tens of billions of dollars in loans made available by the US Federal Reserve. Their borrowing levels have rocketed by almost 200 per cent to $38bn (£19bn) a day in just three weeks.



   

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