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Banks weren't allowed to fail: Kovacevich

Wednesday, 12 Feb 2014 | 3:21 PM ET

"When a bank is truly failing we have to let it fail," says Former Wells Fargo CEO Dick Kovacevich, with Anat Admati, Stanford University professor of finance and economics, discussing the banking system and "too big to fail" banks. Admati warns banks are still a risk