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mgraczyk
on Sept 17, 2019
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NY Fed rescues overnight lending market with $53B
Whether or not bank bailouts were prudent is a matter of debate, but unlike individuals, default is rare and overall bailouts were repaid quickly.
https://www.politifact.com/new-hampshire/statements/2012/oct...
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https://www.politifact.com/new-hampshire/statements/2012/oct...