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The Lender of Last Resort (EP.300)

Animal Spirits Podcast

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Is There a Bailout in the Future?

I think had the government not stepped in, it would have been chaos. I am definitely sympathetic to those people who feel like the rich people are getting special treatment. It just means again that everything's going to be a bailout in the future. That if something happens to a big enough financial institution, it will get bailed out. And so there's no right answers. There's no good position. This is not good situation.

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