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Bernanke: Fed Has No Plans to Up European Aid
The Federal Reserve has no plans to send additional aid to European banks, Chairman Ben Bernanke told Senate Republicans in a closed-door meeting on Wednesday. Hot Feature: Noonan: Irish Referendum on Fiscal Compact Could Become Vote on Euro Senator Bob Corker (R-Tenn.) said Bernanke made it “very clear” that the Fed doesn’t intend to rescue European financial institutions in a one-hour session at the Capitol in Washington yesterday. Lindsey Graham (R-S.C.) said Bernanke told lawmakers that “he doesn’t have the intention or the authority” to bail out countries or banks. “People walk away knowing he has ... (full story)
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