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Unless they take these measures....
Almost 50% of the wallstreet major brokers would go belly up because of the credit crises and lack of liquidity.
Marril Lynch, Jp morgan, etc...
If that happens.. that would make 1929 crash - and the 30s seem like a field trip!
So they are doing everything they can to put liquidity back into the markets !
Bernanke and his crew have impressed me ! they did jump aboard this problem a little late though!
Should have started with the agressive rate cuts early in Dec.
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