Do you think federalism works in the united states? or do you think federalism creates a lot of red tape? or do do you think federalism quell discrimination? do you think the system of checks and balances works in the united states? how could it be improved?

Gif the public and community loses trust in banks it affects the entire u. s. financial system. in order to keep this type of financial contagion from happening, the fed makes as needed short-term emergency loans, by acting as the lender of last resort. guides and regulates private deposit insurance programs to cover insolvent bank losses. decreases the money supply as acting lender of last resort.