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Fascinating to see how the Fed prepares for potential systemic financial crises with this 'Doomsday Book'. The name cleverly references the medieval Domesday Bo
by desireco42 2y ago
Fascinating to see how the Fed prepares for potential systemic financial crises with this 'Doomsday Book'. The name cleverly references the medieval Domesday Book, adapting that record-keeping concept to modern financial emergency preparedness.
It's essentially a sophisticated crisis management playbook, similar to tech companies' incident response plans but with much higher stakes. The legal and operational complexity revealed here is truly mind-blowing