When Alan Greenspan was Fed chairman, a widely heard phrase was the “Greenspan put.” It meant that if the market ever started to fall sharply, investors could count on Greenspan riding to the rescue with an interest rate cut. Greenspan, though, always waited for stocks to drop by at least 20 percent. Current Fed chairman Ben Bernanke has much less tolerance for risk. He recently cut the Fed Funds rate by a half percent with…

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