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04 Oct

“Too big to fail” must end for all: FDIC chief (Reuters)

Posted in business on 04.10.09

Federal Deposit Insurance Corporation Chairwoman Sheila Bair speaks during her testimony at the Senate Banking Committee on Capitol Hill in Washington July 23, 2009. REUTERS/Larry DowningReuters – The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the “too big to fail” doctrine and shrink the shadow banking system that operates outside the reach of regulators.



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