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Soon after the stock market opened, Treasury staffers Jim Wilkinson and Neel Kashkari barged into the room, interrupting Paulson and Bernanke Beside the expected Bloomberg terminal, Bernanke had a Washington Nationals cap prominently displayed on his desk.

The recession of 2008 As is often the case, American policy toward North Korea in 1994 was belligerent but ineffective. Lehman had wagered a fortune on the direction of the Mexican peso without hedging that bet, and it had gotten it wrong.

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