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Originally Posted by raycarey  Quote: |
Originally Posted by Bugs All the FED did was agree to offer a $29 billion CREDIT LINE to JP Morgan in exchange for collateral of around $30 billion worth of Bear Stearns assets. It's not like they said here's $30 billion tax dollars go buy Bear Stearns and keep the change. | and where's the fed going to get this $29 billion if need be?  |
They'll have the Bureau of Engraving and Printing print up 29 billion fresh one dollar bills.