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Comment Re: What's the product (Score 1) 9

Do bubbles matter when the Fed can buy stocks to end panics

Yes, quite obviously. Given the amount of grift supply required by the donors of the politicians today, Fed doesn't have the money printing capacity anymore.

If the Fed had bailed out Lehman, would the 2008 panic even have started?

Yes it would have, a bit later into the bubble.

But perhaps you can ask former treasury secretary Paulson, formerly of Goldman and Sachs, the Lehman competitor, about it. He must have the details on that non-bailout - if anyone does.

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