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The FDIC’s Proposal on Brokered Deposits Will Weaken Banks and Cost Taxpayers Money—For No Good Reason

Washington, D.C.  –  Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the comment letter filed with the Federal Deposit Insurance Corporation (FDIC), which would give less than well-capitalized banks more access to risky brokered deposits:
 

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