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An Extended Breakdown of the Fed and Banks (Podcast)

Bloomberg Intelligence

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The Resilience of the Banking System

People took risks they shouldn't have taken, and that's coming home to roost. Supervisors should have been much more vigorous in their investigations of these banks. So we will see more failures, whatever you want to call them. But I had my Federal Reserve yesterday tell me there's not a problem with the banking system. It's sound and resilient.

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