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Reuters: Regulators say Bear collapse showed weaknesses

Started by chris, April 03, 2008, 02:01:05 PM

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chris

Regulators say Bear collapse showed weaknesses
      


WASHINGTON (Reuters) - The collapse and forced sale of Wall Street giant Bear Stearns  exposed the dangerous interconectedness of financial markets and the faulty oversight now in place, U.S. regulators said in prepared congressional testimony on Thursday.
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