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In Brief: When Should Banks Be Saved? (with Sheila Bair)
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The Medium Term Outlook for Banks
I don't want people to think this because interest rates rise and puts all banks into trouble. Some of the traditional lenders have actually benefited from it. Frankly, I worry more about the non-bank sector. These private funds have grown dramatically because they use leverage. They feed on leverage. So with credit so cheap for so long, they've really gotten big.
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