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Bailey: “We are doing something important… helping a man get his own roof and walls.”
Potter: “You're worth more dead than alive.”
Banking Reform in the US
BANKING REFORM introduced granular LTV tables for traditional lending while treating $1.2T in NDFI (mortgage intermediaries, PE funds, consumer & business credit) as one?
Are NDFI more/less/same duration risk than traditional loans?
Barr dissented. Cook voted yes, flagged inadequate visibility.
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