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Political Factoid
"If you analyze the crash of
2008, most of it was the result
of non-bank recklessness*
and the actions of the
unregulated."
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Frank Keating
President and CEO
American Bankers Association
(the nation's largest bank trade organization)
2012-Feb-18
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| * |
That is, non-traditional banking activities,
albeit done by large banking companies,
their subsidiaries, and their cohorts in
ways they found around the regulations.
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