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U.S. banks told to make plans for preventing collapse
Long piece about 'recovery plans' and 'resolution plans' by the big five U.S. banks to deal with any new disaster. This shouldn't be big news; it's much like the military having a plan in case we're invaded by Canada.
Interesting read if you're curious, and it does represent some quiet competence (for once) by the Fed. |
Posted by: Steve White 2012-08-11 |
