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Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks?

added by Connecticut Lawyer in Real Estate Attorneys Commercial & Industrial Lawyer @ Oct 15, 2010 20:35

Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks?. by Ellen Brown Looming losses from the mortgage scandal dubbed "foreclosuregate" may qualify as the sort of systemic risk that, under the new financial reform bill, warrants the breakup of the too-big-to-fail banks. The Kanjorski amendment allows federal regulators to pre-emptively break up large financial institutions that-for any reason-pose a threat to U.S. financial or economic stability ...

Source: Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks?

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