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Sub-prime collapse 'beyond the US Federal Reserve' | NEWS.com.au Business

Read ArticleArticle Source: Australian News Network
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FEARS are growing that the US Federal Reserve may soon find itself short of the funds needed to continue propping up the nation's financial system.

The central bank yesterday used its financial muscle to back the bail-out of the stricken Wall Street investment banking giant Bear Stearns, which will be taken over by rival JPMorgan Chase at a fraction of its worth last week.

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