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Topic: American History
Number of pages / Number of words: 3 / 777
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believes that Greenspan costs him reelection by not cutting the interest rate fast enough.

o He said, "I reappointed him and he disappointed me."

? Finally the fed has more than power than just determining interest rates

o Fed and US Treasury reviewed the books of a hedge fund called Long Term Capital Management

o Fed decides that the liquidation of LCTM would hurt the economy so the fed arranged the sale of Long Term Capital Management, a hedge fund to 16 different banks and financial institutions...


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believes that Greenspan costs him reelection by not cutting the interest rate fast enough.

o He said, "I reappointed him and he disappointed me."

? Finally the fed has more than power than just determining interest rates

o Fed and US Treasury reviewed the books of a hedge fund called Long Term Capital Management

o Fed decides that the liquidation of LCTM would hurt the economy so the fed arranged the sale of Long Term Capital Management, a hedge fund to 16 different banks and financial institutions...


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