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Banks Organized to Prevent New Regulation

“As the financial crisis entered one of its darkest phases in October, a handful of the nation’s largest banks began holding daily telephone sessions. Murmurs were already emanating from Washington about the need for a wide-ranging regulatory overhaul, and Wall Street executives girded for a fight.” (New York Times, Monday)

Bailout good; regulation bad.

FEE Timely Classic
“Banking Without Regulation” by Lawrence H. White

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