In a talk at the White House after the end of the financial crisis, President Barack Obama

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In a talk at the White House after the end of the financial crisis, President Barack Obama argued:
“Ultimately in this country we rise and fall together: banks and small businesses, consumers and large corporations.” Why in this statement did the president single out banks? Aren’t supermarkets, airlines, software companies, and many other businesses also important to the economy?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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