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Fed in emergency bid to put bailout ruling on hold

By Implode-Explode Heavy Industries

Delaying can be almost as good as preventing in this game... this might give them enough time to shred the necessary papers... -- ``A stay would give the Fed and the Clearing House Association, a group of major U.S. and European banks, until November 18 to appeal the ruling to the U.S. Supreme Court.''

Full post as published by Mortgage Lender Implode-o-Meter on August 27, 2010 (boomark / email).