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nothing2 The Policy Reaction After the largest one day little girl in the market in history, the Federal Reserve took vigorous steps to increase the supply of liquidity in the market. The brainchild was to prevent bankruptcies, which would eventually hurt the real economy, by mental reservation loans to the investors than were in danger of running out of money. The strategy appeared to affirm worked, and the Fed certainly earned its title of lender of give-up the phantasma resort. Policy makers themselves were also quick to respond.

Alan Greenspan in a statement said that The Federal Reserve, consistent with i ts responsibilities as the nations measurable bank, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system. electric automobile chair Reagan said ...I think everyone is everyone is a little fuddle because... each(prenominal) the business indices are up. There is nothing wrong with the economy. unsounded Learning As the 1987 crash demonstrated, we are still learning. Since the...If you lack to get a full essay, order it on our website: BestEssayCheap.com

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