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Fed Adopts Tough Capital Rules For Foreign Banks

Wednesday, February 19, 2014 - 5:04 AM
From Reuters
The Federal Reserve on Tuesday adopted tight new rules for foreign banks to shield the U.S. taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Wednesday, February 19, 2014 - 6:10 AM
"to shield the U.S. taxpayer from costly bailouts"

When did this change in philosophy occur?
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,546