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Group calls for restoration of pre-reform bailout flexibility
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Financial Stability, Nonbank Financial
Friday, September 12, 2014
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Although Dodd-Frank has helped make the U.S. financial system safer, Congress went too far by restricting the government’s ability to make emergency loans to individual nonbanks, according to a paper released by the Bipartisan Policy Center. The BPC called on policymakers to restore certain tools the group believes would give regulators needed flexibility in the event of another financial crisis.
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