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120: Why Are These Market Events Different From 2008?

The Bid

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The Differences Between 2008 and 2008

During the financial crisis, you were part of the team concerned with financial stability at the Bank of England. How do you see what's gone on over the past week compare to what happened in 2008? There are some really important differences this time, which mean it's not quite the same. The assets at the heart of this in the US banking system far from being opaque are actually the most transparent and easy to value of the lot.

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