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The Fed made almost $2.7 billion last quarter when gains and losses on its myriad lending facilities, asset holdings and loans to Bear and AIG are tallied up. (Report)
The $700 billion financial-sector bailout is likely to rely on a broad range of tools, from injecting additional capital into banks and helping homeowners avoid foreclosure to expanding the roles of the Fed, Fannie Mae, Freddie Mac and the FDIC.