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Clyde Mitchell, adjunct professor of banking law at Fordham Law School, writes: Based on the events that have taken place since March, the Financial Services Industry will never again be as we knew it. As of today, it looks like: more TARP funds will be provided within a modified TARP process; the regulatory structure will be modified; the bankruptcy laws will be amended to allow our courts to prevent foreclosure of certain loans; and an exit strategy for the government will be examined, debated and put into place.
February 11, 2009 at 12:00 AM
1 minute read
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