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Friday, June 19, 2009

Strict Oversight for Large Banks Under Obama Plan


The Obama administration's proposal for overhauling the financial regulatory framework includes added scrutiny by the Federal Reserve for companies, banks and nonbanks of which failure would damage the overall economic system. Beyond bank holding companies, including Bank of America and Citigroup, only a few would be likely to qualify. The Wall Street Journal 
  

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Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

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