Bank failures and rescues/Timelines

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Revision as of 08:50, 1 December 2008 by imported>Nick Gardner (→‎November)
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November

23 US Federal Reserve Bank promises to buy up to $500 billion worth of mortgage-backed securities guarantee by Fannie Mae and Freddie Mac and up to $100billion worth of their direct debt [1].
US government makes $20 billion cash injection into Citigroup bank and guarantees against loss on $306 billion of iliquid assets [2] [3] [4][5]
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