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September 12, 2012

Politico: Morning Money

“COMING TODAY: COST OF FINANCIAL CRISIS REPORT – Better Markets (AKA the reform group Wall Street most loves to hate and suggest has sinister ulterior motives driven by its chairman, money manager Michael Masters) has a presser at the National Press Club today with its CEO, Dennis Kelleher, to release a report tied to the anniversary of the Lehman collapse on the costs of the financial crisis.

Kelleher tells MM: “The Report is 63-jam packed pages of data and analysis that details the many costs that have been inflicted on the American people by the worst financial crisis since the Great Crash of 1929 and the worst economy since the Great Depression of the 1930s. It will also demonstrate that the industry’s many claimed costs to them of financial regulation, most of which have little if any basis, simply do not compare in scale and scope to the economic wreckage they have caused.” “

Read Ben White’s full column here

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