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CREJ News

Mar. 30, 2010

Bair Says Financial Reform Bill Must Be Tweaked

By MARCY GORDON Associated Press Business Writer WASHINGTON - The head of the Federal Deposit Insurance Corp. said the loopholes need to be filled in new Senate legislation to ensure an end to the disastrous "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis.

By MARCY GORDON

Associated Press Business Writer

WASHINGTON - The head of the Federal Deposit Insurance Corp. said the loopholes need to be filled in new Senate legislation to ensure an end to the disastrous "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis.

FDIC Chairman Sheila Bair said her agency has concerns about parts of the Senate bill unveiled this month,...

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