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Shahien Nasiripour

Wall Street Pledged $1.3T In Junk As Collateral For Fed's Overnight Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- Wall Street firms teetering on the verge of collapse pledged more than $1.3 trillion in junk-rated securities to the Federal Reserve for c...