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

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

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