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Paul Hastings' Lawrence Kaplan on Dismantling Failing Megabanks

June 07, 2010

By Lawrence Kaplan

Lawmakers are back in Washington hunting compromise on financial reform. One issue being debated is a House measure to create a $150 billion insurance fund, paid for by bank fees, that could be tapped to orderly wind down failing megabanks. Paul, Hastings, Janofsky & Walker LLP's Lawrence Kaplan says the measure will limit the ability of banks to extend credit at a time the economy needs it most

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