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Thursday, May 24, 2012

Below the Fold: Feds Pipe Up and Greedy Governors Screw Homeowners

http://www.huffingtonpost.com/richard-zombeck/below-the-fold-feds-pipe-_b_1541398.html?ref=business

There's been more than the usual static from the Federal Reserve Banks this month. Late last week, James Bullard, President of the St. Louis Federal Reserve called for splitting up the TBTF banks.
During the same week that JPMorgan announced a $2 Billion loser of a bet, Bullard said, "We do not need these companies to be as big as they are. We should say we want smaller institutions so that they can safely fail if they need to fail."

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