MarketWatch - Have Regulators Saved the U.S. Economy from Contagion?
Barron's Live
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The FDIC's Systemic Risk Exemption
The FDIC in particular has a lot less authority to intervene with open banks. In 2008, the systemic risk exception was used to underwrite the whole system of open banks. Now they have to wait till an individual institution is in receivership before using it.
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