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Recommend Ellen Brown: Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks? (Email)

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Looming losses from the mortgage scandal dubbed "foreclosuregate" may qualify as the sort of systemic risk that, under the new financial reform bill, warrants the breakup of the too-big-to-fail banks. The Kanjorski amendment allows federal regulators to pre-emptively break up large financial institutions that-for any reason-pose a threat to U.S. financial or economic stability.


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