Question: What role did the federal reserve play in the banking crisis of 2008-2009?
Answer: The Federal Reserve acted to improve conditions in two vital markets that broke down during the panic in the fall of 2008: money market mutual funds and short-term lending to businesses. ... The Federal Reserve provided secured loans to institutions in these markets, ensuring that adequate funding was available.
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Answer: They did not take creditworthiness into account when making loans
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