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5min chapter
The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
Forward Guidance
The Systemic, Systemic Risk Count: A Letter to Jerome Powell
In July 2019, the systemic risk counts all sent a letter to Jerome Powell. They wrote that if ever a large regional bank failed and could not be resolved, the authorities might face a choice between material losses to the diff or a tax failure. We were able to resolve WAMU at no bizera cost because we were able to provide some, a little bit of recovery for the un-secured debt holders.
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