These two were special purpose vehicles, a sort of independent holding company, that the New York Fed created to ring fence toxic residential mortgage backed securities and collaterized debt obligations in the heat of the crash.

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As the European sovereign debt crisis really started to heat up last year, the franc almost went parabolic vs. the and euro.

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He will pledge to use the money raised by selling off the government's bank shares for paying down debt (an announcement designed to turn up the heat on the coalition who dream of using the money to pay for share giveaways or tax cuts).

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