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Fed Governor Stein Warns When A TBTF Bank Fails, Depositors Will Be Cyprus'ed | Zero Hedge
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"Perhaps more to the point for TBTF, if a SIFI does fail I have little doubt that private investors will in fact bear the losses--even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and ot...
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