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[ Related to the Chapter Opener ] In early 2 0 2 0 , an article in the Wall Street Joumal quoted a federal government

[

Related to the Chapter Opener

]

In early

2020,

an article in the Wall Street Joumal quoted a federal government financial regulator as observing that bank "failures have been small in number and nothing that gives us concem that there is a systemic problem."

What does it mean for an industry to suffer from a "systemic problem"?

To suffer from a "systemic problem" means that

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