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Politically Connected Bank Gets a Dodd-Frank Waiver

Marc_H Wrote: Jun 03, 2012 3:02 PM
so much for equal protection under the law
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Bloomberg News reports that Emigrant Bank in New York will be the sole recipient of a Dodd-Frank exemption. The bank asked legislators on the House Financial Services Committee to change the language of the financial regulations slightly, exempting Emigrant from having to comply and saving the bank $300 million.

 

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Related Tags: Democrats Lobbyists Dodd-Frank Barack Obama Financial Regulations
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