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Unformatted text preview: feared concentration of monetary power historically-PE- home of corporate charters 18: Nicholas Bittlepresident of the 2 nd bank 21: consolidation will continue 23: if one part of industry process suffers, all the businesses in community suffer-Ken Lewis wanted empire/to be king of empire 24: concern: institutions are so big that if fail will really hurt the economy too big to fail-Why we have the Riegle Neal Act 28: asset backed securitiesoften look like bonds 30: 0= different people; buy for income stream they provide 34: problem list (FDIC)= banks in danger of failing 36: many finance companies owned by major banks...
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- Spring '08
- Monetary Policy