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Money and Finances
Reply to "2001, 2008, or 2022"
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[quote=Anonymous][quote=Anonymous]The Fed will still bail institutions out again if, like in 2008, it means a total collapse of the financial system. They have two mandates: fight inflation and keep employment steady. While they want the economy to cool off to fight inflation (and may start a recession to get there), a total collapse would not keep employment steady. That being said, it'll be a higher bar for a bailout this time around. [/quote] Exactly. I see the Fed stepping up and bailing out Coinbase and Facebook. [/quote]
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