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I was convinced, for policy reasons and to quell public anger, that regulators needed to devise a solution comprehensive. In some rich countries, especially in the UK (which actually doesn

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We had to contend with the end of the dot-com boom and the subsequent recession, the effects of the 9/11 terror attacks, and the onset of a bear market for stocks. Thus, the proposal for greater depoliticization of the economy in a democracy is in the end an anti-democratic project that wants to give more power in the running of the society to those more with money. Fleming boldly declared that he was looking for How strong was its liquidity position?

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