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July 6, 2016

Politico Europe: Why the U.S. is Right to Crack Down on European Banks

Better Markets’ Dennis Kelleher emails with a cogent argument as to why the Fed requires European lenders to keep a lot of capital in the U.S. and subjects them to stress tests.”

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“If U.S. taxpayers are going to bail out European banks during a crisis, then the Fed should regulate them before they crash.”

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To read the full Politico Morning Exchange by Francesco Guerrera click here.

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