The impact of bank failures on markets and the economy
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Is This Another September 2008 Moment?
I do not think that this is another September 2008 moment. The quality of the assets or the quality of the collateral is orders of magnitude better today than it was in 2008. There's also greater transparency over its valuations today relative to the run up to the global financial crisis. But if you again look at the large money center banks, they've been facing a level of regulatory scrutiny that is Orders of magnitude higher than the run-up to2008.
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