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Greenspan says hedge fund bailout averted fire sale risk
Regulators brokered a bailout of a major hedge fund to prevent a fire sale that could harm the U.S. economy amid global turmoil. Greenspan warned of tightened credit as banks resist loans, sending the Dow down about 210 points to 7,633. The Fed survey showed larger banks tightening standards, while small lenders remained steady.
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Washington
U.S
Federal Reserve
Alan Greenspan
Fed
Wall Street
Asia
Russia
Latin America
Bert Ely
Alexandria
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