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- MBIA Says It May Be Forced to Make $7.4 Billion in Payments
2007-09-28 — howestreet.com
"Furthermore," Shedlock notes, "the Fed executed a whopping $38 billion in repos (short-term bank loans) today, agreeing to take $22 billion in mortgages as collateral. Traditionally, the Fed accepts only Treasuries as collateral. This is a sign of continued panic by the Fed to contain these mortgage-related problems." "
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