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Consumer groups: Breaking up banks ‘crucial’ to avoid another meltdown

Volcker rule 'most important reform initiative' WASHINGTON — As the Senate debates financial reform, consumer groups are urging Congress to break up the biggest banks and impose strict limits on proprietary lending, virtually guaranteeing a "repeat" of the 2008 meltdown if those actions aren't taken. The two components comprise the "Volcker rule" for financial reform, named after [...]

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