Eric King: “Andrew, people forget but you were on Wall Street at the time of the 2008/2009 collapse. And you were literally called upon by your bank to go in and access those emergency funds (from the Fed). How hairy was that, those emergency meetings?”
Huszar: “I actually left the Fed in early 2008, after 7 years there, and I was on Wall Street for about a year and a half before I went back (to the Fed) to help with QE. And those were hairy days. That’s the perfect adjective you were using in that we were desperately trying to figure out what stuff, and I could use other words than ‘stuff,’ we could pledge into the discount window at the Fed to get emergency funds to keep the lights on in the morning.”
Eric King: “The reality was that you didn’t want to become another Lehman Brothers, another Bear Stearns. It was that dire, right?”
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