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End -- Don t Mend -- The Fed s Emergency Lending

There’s still a widespread belief that the federal government will bail out large financial firms if there’s another crisis. Curbing the Federal Reserve’s ability to spread money around would be a great way to lower the chances of future bailouts. So it’s encouraging to learn that Senators Elizabeth Warren (D-Mass.) and David Vitter (R-La.) have joined forces in an effort to “further curb” the Fed’s ability to make so-called emergency loans.

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