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The Fed may lose its ability to bailout huge companies

October 29, 2009 – 2:23 pm – No Comment
The Fed may lose its ability to bailout huge companies

According to U.S. Treasury Secretary Timothy Geithner, the Federal Reserve should lose its ability to bail out “big, failing financial firms like AIG and Bear Stearns.”
He said, “Any firm that puts itself in a position where it cannot survive without special assistance from the government …