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Will The Dodd-Frank Act Reduce Systemic Financial Risk? | Problem Bank List
06:26:42 | 04/09/2010 - Source:
September 3, 2010 - Large institutions, by virtue of extensive counterparty exposure, create systemic risk since their failure could cause losses to counterparties which lead to additional failures, destabilizing the entire financial system. Bankruptcy does not resolve financial firms in a manner that minimizes economic disruptions...
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