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Coffee Shoppe
Posted On: 11/09/2015 5:08:44 PM
Post#
of 63742
Posted By:
PoemStone
Re:
SaltyMutt
#38994
'Too big to fail' banks need $1.2 trillion
Big banks better start looking under the couch cushions. They need to come up with $1.2 trillion to fortify themselves from the next financial meltdown.
Global financial regulators Monday issued new rules that are designed to prevent a failing big bank from dragging down the entire financial system. That's what happened in 2008 when Lehman Brothers imploded, sparking the worst financial crisis since the Great Depression.
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