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2014-02-22

On the morning after Lehman Brothers filed for bankruptcy in 2008, most Federal Reserve officials still believed that the American economy would keep growing despite the metastasizing financial crisis.

 That optimism would not long endure. Just minutes after the end of that first meeting, a smaller group of Fed officials agreed to rescue the faltering insurance giant the American International Group

New York Times, 21 February 2014

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