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Defrosting Credit – Financial Meltdown Continues
Federal Reserve and The Treasury Department took major steps to support commercial paper markets. Many investors stayed away from purchasing commercial paper, which was a cause of economic slowdown, but central bank was creating a special facility to help the $1.7 trillion commercial paper market.
Remittance to MexicoMexico is one of the world’s largest recipients of international remittances. Today more and more migrant workers send money home to families in Mexico.