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| − | How | + | How do you know each other? <a href=" http://edmundross.ie/proscar-generic-drug.pdf#bags ">proscar 5 mg hair loss women</a> The Federal Reserve's use of its emergency powers went far beyond any historical precedent. Section 13(3) of the Federal Reserve Act, which permits the Federal Reserve to do emergency lending to businesses under "unusual and exigent circumstances," was passed in 1932 during the depths of the Depression. The context differed profoundly from today – for example, policymakers were concerned that in some regions with extensive bank failures, businesses might lack banking services altogether. The original 13(3) also contemplated that emergency powers could be used to lend directly to businesses, instead of simply to financial interests. But even during the Great Depression, the use made of these emergency powers was strictly limited, with less than $2 million in loans made over four years. |
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Revision as of 04:08, 10 July 2015
How do you know each other? <a href=" http://edmundross.ie/proscar-generic-drug.pdf#bags ">proscar 5 mg hair loss women</a> The Federal Reserve's use of its emergency powers went far beyond any historical precedent. Section 13(3) of the Federal Reserve Act, which permits the Federal Reserve to do emergency lending to businesses under "unusual and exigent circumstances," was passed in 1932 during the depths of the Depression. The context differed profoundly from today – for example, policymakers were concerned that in some regions with extensive bank failures, businesses might lack banking services altogether. The original 13(3) also contemplated that emergency powers could be used to lend directly to businesses, instead of simply to financial interests. But even during the Great Depression, the use made of these emergency powers was strictly limited, with less than $2 million in loans made over four years.
