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Posts Tagged ‘Glass-Steagall Act’

On June 21, 2010, Charlie Rose interviewed the president of Russia’s second-largest bank, VTB, which is 85% state-owned.

He stated that they had been experiencing 100% annual growth rates, that he believes the Greek rescue package appears to be adequate, and he doesn’t favour for Russia’s banking sector, the separation of commercial and investment banking, as the Glass-Steagall Act had provided for the U.S. prior to 1999.

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