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Summers Says Dollar to Play Key Role for a Long Time

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THE OTHER ADVISER SPEAKS
"Summers, 56, director of the White House’s National Economic Council, also defended Obama’s plan to impose new rules on bank size and risk, saying they would not interfere with financial institutions’ ability to serve customers," Bloomberg reports. "'The policy is a constraint on purely proprietary trading. It is not a constraint on doing business with customers,' Summers said. 'It does not by definition therefore interfere with their ability to serve their customers.'”
SOURCE:   Bloomberg

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