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Notes From the Fieldby Martin Weil

September 13, 2011

Glass-Steagall Resurrected – in the UK that is

If the Brits can take a sensible approach to reining in the appalling excesses of their major financial institutions, then why can’t we?  Just asking.

Note they confront head-on the favorite complaint of the industry that these measures will put the UK banks at a competitive disadvantage vis a vis their global brethren.  Apparently there will be no more race to the bottom for the English.

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