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Federal Intervention in the Banking Crisis

By Kimberly Amadeo, About.com

The Federal government is spending hundreds of billions of dollars to add liquidity to the financial markets to avoid a complete collapse. Here's a chronology of the how the crisis evolved, what caused it and steps the government has been taking along the way.

December 2007 - Fed Auctions $40 Billion

The Fed created the Term Auction Facility to supply short-term credit to banks with sub-prime mortgages.

November 2007 - Treasury Creates $75 Billion Superfund

The Treasury Department guarantees $75 billion in subprime debt. At the time, we thought that was a lot.

Fed Bailout - How, Why and Will It Cost Me?

If only we knew then what we know now.

Make the most of your money despite troubling financial times.

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