The FED & Bank Capitalization

The FED & Bank Capitalization

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Late great Ann Schwartz knew that bank (bond) recapitalizaton was desired policy to rescue banks in 2008; it was fundamentally NOT a liquidity crisis. Obituary https://www.nytimes.com/2012/06/22/business/anna-schwartz-economist-who-worked-with-friedman-dies-at-96.html

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