• The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

  Ben Bernanke
  American economist
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Subjects in these quotes:

1. demonstrated
2. substantial
3. provision
4. resources
5. necessary
6. crisis

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The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary. by : Ben Bernanke

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