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Treasury Department infused equity capital into major banks and the Fed began its “Quantitative Easing” programs, whereby it bought trillions of dollars worth of “toxic” mortgage-backed securities. Bush administration and Ben Bernanke’s Federal Reserve did not let that particular crisis go to waste, but instead rescued Wall Street from its reckless behavior as the U.S. This week marks the 10 th anniversary of the collapse of Lehman Brothers, the pivotal event that serves as the official starting point of the financial panic of 2008.
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