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This is NOT 2008 | Harris Kupperman
Forward Guidance
Bank Panics
Bank panics only happen when people lose faith in their bank. It's just easier to give your money to a too big to fail bank or bank with someone that's an adult. So I don't think there's ever going to be able to stop bank runs. The Federal Reserve was set up specifically to avoid this problem, and it still happens. Yeah, of course it's a bailout. And then in the end, you know, there's a tax on the banks that did the right thing...it's called communism.
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