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Saturday, May 04, 2024
The independent student publication of The University at Buffalo, since 1950

Battling the banks

President proposes to limit the activities of financial institutions




The Spectrum






The goal is to limit concentration, which has increased greatly over the past two decades and even further accelerated during the crisis when healthy banks bought failing ones. For example, the four largest banks currently hold more then half of the financial industry's assets.



In any case, they have spent trillions to drag the economy back from the brink of oblivion and, let's face it, the government needs the cash.










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