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Subjects / Resolution and Recovery

Email News Service October 09: FDIC’s Bair takes own line on too-big-to-fail

Simon Turmaine | October 29, 2009

WASHINGTON, October 29 (Global Risk Regulator) - A top U.S. bank regulator said today a US government mechanism to dismantle troubled giant financial companies should be pre-funded, a departure from the administration’s draft legislation on the subject, Reuters news agency reported.

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