How Neoliberalism Scammed America
Slate Money
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Navigating Stress Tests and Bailouts: The Relationship between Banks and the Federal Reserve
This chapter explores the failure of neoliberalism post the 2008 financial crisis, focusing on stress tests conducted by the Fed and how banks like Citigroup secured bailouts by passing these tests. It sheds light on the interactions between banks and the Federal Reserve, discussing how the Fed has historically supported banks during crises and the need for more transparent and effective regulations to manage systemic risks.
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