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Is the Banking System Safer Than It Was in 2008?

Open to Debate

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The Fed's Hands Are Tied Less Strongly

There was a concern after the financial crisis that limiting some of the powers that the Fed had. I think the events of the last couple months have proved that those hands weren't tied particularly tightly. If the regulators wanted to go out and say we can't do a blanket guarantee, but we promise that for the next year, if any more banks run into problems, they're going to get a guarantee too, they could do that tomorrow. That isn't because of the rules themselves.

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