351 | Cheap Debt, Bailouts, Crashes, and the Fight for Economic Resilience with Liz Hoffman
The Realignment
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What Exactly Explains the Difference in Response Times?
In 2008, the problems were so complicated. You could not point and say, this is Wall Street's fault. And the third is that we do iterate, we get better at this. The lesson out of 2008 was the Fed, the government has this natural role as the lender of last resort,. They're going to get there anyway, you might as well get there fast.
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