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Political Discussion
Reply to "Barney Frank is being quite candid"
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[quote=Anonymous]People like to say break up the banks because it is a simple solution they can understand. It actually is neither possible nor desirable. Better to focus on areas where there are almost no regulation but tons of money like shadow banking and off book assets, much of which is still related to mortgages . People don't like complexity but the financial world is indeed complex. Pretending it isn't just leads to ineffective solutions.[/quote]
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