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'Single Point of Entry' Plan Ensures More Megabank Bailouts

"The high-risk business model of universal banks helped bring about the financial crisis. Universal banks rely on cheap funding from deposits and shadow banking liabilities to finance their speculative activities in the capital markets. By combining deposit-taking and short-term borrowing activities with underwriting, market making, and trading in securities and derivatives, universal banks create a strong probability that problems that occur in one sector of the financial industry will spread to others.