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Financial crisis has culled worst US institutions

October 23rd, 2008 · Permalink



Robert Kelly, chairman and CEO of The Bank of New York, who has stated that the financial crisis has provided a needed culling of weak US financial institutions and mortgage giants.(AFP/Getty Images/Mark Wilson)AFP - The financial crisis has provided a needed culling of weak US financial institutions and mortgage giants Fannie Mae and Freddie Mac should bow out in turn, a top New York banker said Tuesday.


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