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Feds still worry about the repo market failing, but banking industry unmotivated to fix the problem 3 years after it almost did in 2008. Will regulators create and implement a solution in time for the next crisis? Fingers crossed.

I remember El-erian saying that during the darkest hours of 2008 he called his wife and told her to go to a cash machine to withdraw as much as possible in case the banking system seized up.
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