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Banks Were Undercapitalized

Mon 13 Sep 10 | 05:00 AM ET
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Banks Were Undercapitalized

Mon 13 Sep 10 | 05:00 AM ET
"We were drastically undercapitalized in banks worldwide," David Stockman, former director of the Office of Management & Budget under President Reagan, told CNBC Monday after regulators agreed banking reforms.

Topics:

Economy (U.S.)  | Politics and Government Banks
 
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