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the banks after the stock market were terrible. None of them had hardly any money while everyone Is trying to get there money out but can not because the bank is closed.
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The stock market crashed. People where scrambling to get money and are left with hardly anything.
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Add tariffs on goods out of the US. Made them more expensive hurt us more then helped us.
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Was made to help stabilize the bank/financial system in the US. This was after the widespread failure of multiple banks.
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Created to shut down banks that where not good to the public anymore. For such banks as them to be "inspected"