Surveillance: JPMorgan To Acquire First Republic
Bloomberg Surveillance
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The Importance of Deregulation in the Financial Industry
Dodd-Frank gutted parts of Title 1 that allowed banks the size of Silicon Valley or first republic to survive. "Think of all those people who are now getting hurt and are going to be losing their jobs every time that one of these banks fails," he says. Dodd-Frank should have been declared systemically important, which would allow for enhanced provision on liquidity risk.
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