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Fed approves Wells Fargo’s purchase of Wachovia.

October 12, 2008 – 8:56 pm – No Comment

Sunday afternoon the Federal Reserve ok’d Wells Fargo’s takeover of Wachovia. The announcement was made unusually on a Sunday because tomorrow when the markets open perhaps the news would help stabilize the markets rather than having another record Monday drop.
The last two Mondays have …

Cash is King.

September 18, 2008 – 3:53 pm – No Comment

The global central banks as well as the U.S Federal Reserve, attempted to pour hard cash into the markets today to ease the current credit crisis. While this had a short term rally on US Indexes(nearly everything ended up across the board today), consumers and …

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