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Systemic Threats, Supervisory Shortfalls
Moody's Talks - Inside Economics
The Systemic Crisis and the Federal Reserve's Judgment
Under current law, the Federal Reserve is required to pull banks between $100 and $250 billion as to whether or not their failure would be systemic. When the systemic crisis is over, we are now in a crisis happening. We are in a systemic, in my view, confidence is so fragile that if we allow any depositors to get a haircut, we're toast. The whole system.
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