““On October 29, 2008, came an announcement: “Today, the Federal Reserve, the Banco Central do Brasil, the Banco de Mexico, the Bank of Korea, and the Monetary Authority of Singapore are announcing the establishment of temporary reciprocal currency arrangements.” Since its founding, the Federal Reserve had been the lender of last resort for the United States. In late 2008, Ben Bernanke’s Fed became the lender of last resort to much of the world.””
![“[Hyun Song Shin] most accurately portrayed the state of the global economy. 'I'd like to tell you about the Millennium Bridge in London,' he began…'The bridge was opened by the queen on a sunny day in June,' Shin continued. 'The press was there in force, and many thousands of people turned up to…” quote by Neil Irwin](https://sms4smile.com/quotes/img-quotes/79d/neil-irwin-66207_every-day_hyun-song-shin-most-accurately-portrayed_728738.jpg)
