Fed pumps another $38 bil to avert credit crunch

The markets’ free fall may have ended this afternoon as the Federal Reserve Board pumped another $38 billion into the banking system to avoid the feared liquidity crisis, matching the amount they made available yesterday.

The Dow is now down about 80 points on the day, after being down over 200 earlier.

More detail from AP Economics reporter Jeannine Aversa.

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