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Major US Bank about to fall?
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Re: Major US Bank about to fall?
TBTF is still in place barring a major change in policy.
Thus to say that 'rules are being changed' is foolish - rules have been getting changed continuously starting even before Bear Stearns collapsed.
The changes are nothing as egregious as 'mark to fantasy' anyway - all the modifications in the article are consistent with TBTF and are only a sign that policy hasn't changed.
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