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U.S. Considers Reining In 'Too Big to Fail' Institutions

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LONG LIVE THE OLIGRACHY!
"Congress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that are so big that the government has no choice but to rescue them when they get in trouble," according to the New York Times. "A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, the chairman of the House Financial Services Committee, would introduce legislation as early as this week."
SOURCE:   New York Times

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