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(This is often named "borrowing in the low cost window," an archaic phrase that confuses folks about how the Federal Reserve System operates. There is no window and "discount" just suggests bank loan.) You can find minimal issue that a string of commercial-bank failures would precipitate a recession or depression.The crisis that engulfed the money technique last September primarily involved what's called the "shadow banking" system, and that is to burberry polo shirt state the monetary intermediaries that present bank-like expert services (like lending borrowed cash) but are certainly not controlled as industrial banking companies.

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