(WSJ) Wall Street Pushed Federal Reserve for Europe Action in Late September Private Meeting

Posted by Kendall Harmon

Wall Street executives, in a private meeting with a top Federal Reserve official in late September, recommended a coordinated effort by central banks to remedy the European financial crisis, according to Fed documents received in an open-records request.

The meeting, led by Louis Bacon, founder of hedge fund Moore Capital Management, preceded a joint action Wednesday by the world's major central banks, which banded together to provide liquidity to the markets through cheap U.S. dollar loans....

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Filed under: * Economics, PoliticsEconomyCorporations/Corporate LifeCredit MarketsCurrency MarketsEuroEuropean Central BankStock MarketThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal ReservePolitics in General* International News & CommentaryEurope--European Sovereign Debt Crisis of 2010

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