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SCOUT· 30%48m·2025-11-04·Arts Culture

Lender of Last Resort
Against the Rules with Michael Lewis · 4
When Michael Lewis wrote The Big Short, there was an extra character in the story: The Federal Reserve System, the central bank of the US, which bought up bad debt on the balance sheets of big Wall Street banks and trading firms. To better understand the Fed’s role in the financial crisis of 2008, Michael turns to UC…
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