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Your banking questions, answered
Planet Money
The Fed's Step in and Making Clients Whole
The Fed is stepping in and making clients whole, how is that different from a bailout? And will taxpayers eventually be paying for this? Claire Coddington: Why did officials know something that we didn't about just how precarious the system was? Whalen: Were they helping a bunch of pretty rich people with very big megaphones who had a lot to lose if the banks failed? Either way, doesn't look good.
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