Week 14 Questions -- The Bigger Bubble

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1. If the fed is the "bank for banks" does this mean there has to be something that acts as the "bank" for the feds? If so what is this "bank"?
2. What types of risk management would have been more beneficial during the housing crash of 2008?
3. After seeing negative effects of bailing out large companies in the past, why do you think bail outs still happen?