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" We would be exposing the Fed to the risk of an imploding insurance company, and there was a real possibility that our loan would simply buy the world time to prepare for a horrific default. Kevin was uncomfortable, understandably so. We all were. "

, Stress Test: Reflections on Financial Crises


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 quote : We would be exposing the Fed to the risk of an imploding insurance company, and there was a real possibility that our loan would simply buy the world time to prepare for a horrific default. Kevin was uncomfortable, understandably so. We all were.