You have got to love this country. Even as turmoil and uncertainty reign over our own markets, we continue to aid those countries less capable of weathering the current global financial storm. Alongside the announcement of a key interest rate cut, The Federal Reserve said Wednesday that it would provide lines of credit of up to $30 billion each to the central banks of Brazil, Mexico, South Korea and Singapore, in an effort to “…improve liquidity conditions in the global financial markets.” The move proves that even under the worst circumstances, America is capable of rising to the occasion; doing the right thing by assisting foreign countries in dealing with problems that we ourselves helped to create.
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