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Peter Coy

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No Big Fix for Global Finance

New regulations will be tepid—and will leave the global financial system, and taxpayers, at risk
Original publication date: 
Wednesday, September 9, 2009 (All day)

World leaders are talking bravely about fixing the global financial system. As the Group of Twenty heads toward an important summit in Pittsburgh on Sept. 24-25, they are vowing to bang out a regulatory structure that will keep rich, careless bankers from once again driving their firms to ruin and then getting bailed out by taxpayers.

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