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Big Banks Still Hold FDIC Captive

First Posted: 09/21/09 06:12 AM ET Updated: 05/25/11 02:55 PM ET

Bank Of America

The FDIC, which was created to protect society from deposit runs, is no longer able to fulfill its mission because the biggest banks have grown far beyond its grasp.

That's why these banks need to be downsized dramatically.

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Filed by Katherine Goldstein  |