| http://www.w3.org/ns/prov#value | - In the new financial system where banks are a much smaller share of the financial marketplace than they once were, the Fed???s appropriate new role seems clear: It needs to intervene more broadly than before, in public markets (as has already been done for the commercial paper market) as well as for banks; it needs, in other words, to step up to the plate and become the punter of last resort.
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