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Rick Perry open to Glass-Steagall-type regulations. Sort of.
Rick Perry open to Glass-Steagall-type regulations.The Hill "In remarks delivered in New York, Perry did not mention Glass-Steagall by name, but floated among several policy proposals one that is practically identical ... Perry also floated an alternate idea of requiring large banks to hold additional capital as a cushion ... While favoring stronger cushions for big banks, Perry argued that community banks, banks run as partnerships and asset management firms should be wholly exempted from Dodd-Frank's new rules."
http://thehill.com/policy/finance/249650-rick-perry-floats-glass-steagall-solution-for-wall-street
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