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The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
Forward Guidance
How the Government Forced Banks to Raise More Capital During the Great Financial Crisis
WAMU is on our radar very early on because that's huge exposure to these all-day mortgage, subprime as well. The WAMU had a lot of problems, and so they did try to raise, they did raise some capital. It wasn't enough. We had, they get the time, it was enough if we're stalled the bank failing for several months, but it still failed. So, but you can, but sometimes that works, and there were other banks where we did get the new raise capital, and they did not fail.
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