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Unformatted text preview: who can open a bank?-honest people 26: look at character of people who want to open bank then asses if allow them to do so 27: fire wallseparations where fed might be problems 31: every state has state agencies to regulate state charter banks 32: 90sone overseer; Fed doesnt like it unless its them 35: 1930 Bank for international settlementsevolved to where many meet- create level playing fields- agreement on cap 36: dont have to hold any capital for treasury bank securities 40: Basel 2 not yet adopted in U.S. 43: CAMELS1 is good, 5 is bank is in trouble 45: learn a lot more when things go wrong/ unhealthy economy 47: as long as customers dont know bank is broke it will continue to operate and hope debts pay off 49: didnt shut down enough institutionshad to create a group to do it 50: want to shut it down before it is broke 52: systematic regulator (who should it be?)...
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- Spring '08
- Monetary Policy