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New Haven Register
EDITORIAL: Banks are too big, if too big to fail
As Alan Greenspan, the former chairman of the Federal Reserve, put it, “If it is too big to fail, it is too big.” Paul A. Volcker, another former chairman of the Federal Reserve, thinks a new version of the Glass Steagall Act, repealed in 1999, should... Full Article at New Haven Register
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WASHINGTON (MarketWatch) -- What do you do with "too-big-to-fail" banks when you don't want to bail them out, but you don't want to break them up? Full Article at MarketWatch
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WASHINGTON (MarketWatch) -- The names of large financial institutions that federal regulators think could cause widespread economic damage if they failed would be made public under a provision approved Friday as part of broader "too-big-to-fail... Full Article at MarketWatch
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If you’re on board with the “too big to fail” scam run on the taxpayers, then you’ll go wild over the latest financial reform proposal making the rounds in Congress. Full Article at Tuscon Citizen
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At the start of the 20th century, President Theodore Roosevelt saved the public from big business. A century later, President Barack Obama has to wade back into the swamp T.R. drained. It refilled while no one was watching. Full Article at Albany Times-Union
Related Quotes
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Any time an institution is considered a threat to systemic stability it will be hit with restraints that will include increased capital and restriction on certain activities and maybe a case-by-case imposition of Glass Steagal
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Particularly if you're working across so many markets, you really want people with excellent local knowledge. So you can work with a network of financial institutions and you can hedge any kind of position you have with multiple contracts with smaller players ... In fact it's probably not wise in this d...
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Global banks are financial service providers to global firms
SOURCE: Southern California Public Radio -
If we do get into national chartering it will be in life insurance ... and maybe large commercial entities
