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From 2007-2010, the Federal Reserve Bank (the Fed) used many
practices that had never before been seen from the central bank
of the United States.
Discuss the some of the actions that the Fed took during this
period. Such as:
How the Federal Reserve’s lending practices changed during
this period.
What did the Federal Reserve do to support firms deemed “too
big to fail.”
Do you believe these actions were necessary to avoid a collapse
in the financial system? Support your opinion with information
from the textbook or external source(s).

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