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Reuters: BoA CEO blames regulators and GSE flaws for crisis

Started by chris, November 20, 2008, 07:59:18 PM

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chris

BoA CEO blames regulators and GSE flaws for crisis
      


CHICAGO (Reuters) - Bank of America Corp  Chief Executive Kenneth Lewis on Thursday blamed much of the current credit crisis on lax regulation by state officials and said all "systemically important" financial institutions need some form of federal oversight.<div class="feedflare">
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