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  • The Bank of England and FDIC unveil the first cross-border plan to deal with too-big-to-fail banks that start...failing. Senior management would be sacked, shareholders would be wiped out, and unsecured bondholders "can expect that their claims would be written down to reflect any losses that shareholders cannot cover," which didn't happen in the financial-crisis bailouts. (PR[View news story]
    The too big to fail banks were created when the glass-steagall act was repealed 1999.
    Dec 10, 2012. 08:39 AM | Likes Like |Link to Comment
  • Cramer's Lightning Round - The Fastest Growing Company in the World (4/28/11) [View article]
    Yep, every analysis looks like a genius when things are going up. Just like 1999.
    May 1, 2011. 12:09 PM | Likes Like |Link to Comment
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