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I've been cut off proxeed avis Bernanke's boldness no doubt stemmed from his intricate understanding of the Great Depression. He literally transformed the Fed into a daring, financial first-responder and an active market participant, rather than limiting it to its traditional role of controlling the money supply. Simultaneously he joined Treasury Secretary Hank Paulson on a visit to Capitol Hill to persuade terrified politicians to embrace the famously massive fiscal injection of the Troubled Asset Relief Program, or TARP. That was a close call, for at that fragile moment financial experts worried that the banks might not open the next morning.

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