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Here comes the dreaded credit crunch.

Eurodollar University

00:00

Is Bear Stearns the Ultimate Stimulus for the Federal Reserve?

Despite what they were seeing and hearing, people wanted to believe Bear Stearns would represent the ultimate success for the Federal Reserve like LTCM had a decade before. So companies, consumers, financial market participants, they were all battening down the hatches at the same time. The point of this discussion obviously is not just about 2008, although it is very good to go back and review 2008,. If only for people to become aware of what really went on back then.

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