Marketplace Index for Wednesday, November 30, 2011

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Investors woke this morning to news that six central banks, led by the U.S. Federal Reserve, acted jointly to inject dollars into the life support system keeping European banks alive. The move was meant to restore confidence in the global financial system and show that the central banks will take action to prevent a repeat of the financial crisis of 2008.

Throwing money at the problem

Six central banks, led by the U.S. Federal Reserve, have announced a plan to inject dollars into the life support system keeping European banks alive. The move was meant to restore confidence in the global financial system.
Posted In: European Central Bank, Federal Reserve, Europe debt crisis